Bessler, Wolfgang; Kurth, Andreas - In: Journal of Entrepreneurial Finance 10 (2005) 1, pp. 17-51
In this study we analyze the IPO exit behavior of venture capitalists (VCs) in the Neuer Markt, the former market for young growth companies in Germany. We find empirical evidence that VCs were able to time their exit quite successfully in the primary market and to some extent also in the...