This paper aims to investigate the determinants of transaction costs on the technological markets. It shows that product monitoring is related to the nature of the licensed resources and to the characteristics of the institutional environment. We then test our theoretical framework on a database...

This paper presents a new methodology aimed at building institutional indicators. Up to now, all the available indicators have relied on an analysis of the supply of legal protection. Conversely we propose here a methodology based on the analysis of the demand for legal protection, as it is...

Les études qui se sont intéressées aux performances du secteur du capital-investissement européen montrent toutes que ces dernières sont nettement inférieures à celles enregistrées par leurs homologues anglo-saxons. On a recherché pendant longtemps à identifier les déterminants de...

We analyze the impact of venture capital on firm performance; more precisely, we investigate whether venture capital adds value to innovative French companies in terms of increasing their survival time. To this end, we use a hand-collected data set based on a sample of 139 French companies that...

Using a sample of 212 IPOs, this paper analyzes the impact of venture capital involvement on the survival time of French IPOs. We find that the ability of venture capitalists to improve the survival of companies is related to the duration of their investment. We show that venture capitalists do...

This article proposes to analyze the syndication strategies of the French venture capital firms and to compare them with their European and North-American counterparts. Syndication is a strategy allowing investors to improve their performances for instance through risk-sharing-based and...

We analyze the impact of venture capital on firm performance ; more precisely, we investigate whether venture capital adds value to innovative French companies in terms of increasing their survival time. To this end, we use a hand-collected data set based on a sample of 139 French companies that...

Venture capital firms are known as specific financial intermediaries, providing not only funds but also expertise to innovative projects. This paper analyses the consequences venture capital investments syndication for an expertise motive can have on investment decisions and on post-investment...

Using a sample of 212 IPOs, this paper analyzes the impact of venture capital involvement on the survival time of French IPOs. We find that the ability of venture capitalists to improve the survival of companies is related to the duration of their investment. We show that venture capitalists do...