Showing 1 - 10 of 42
We study the returns the venture capital and private equity investment from 221 venture capital and private equity … the characteristics and structure of the investment. We show Heckman sample selection issues in regards to both unrealized … further compare the actual unrealized returns, as reported to investment managers, to the predicted unrealized returns based …
Persistent link: https://www.econbiz.de/10010986361
deal origination, a higher probability of syndication and a lower probability of potentially harmful co-investment, and … periodic cash flows prior to exit, which is in conjunction with an increased probability of investment in high-tech companies. …
Persistent link: https://www.econbiz.de/10010958559
larger and more mature firms, for firms with better investment opportunities, with higher leverage ratios, and with lower … levels of current cash flows. We also show that during the recent financial crisis especially firms with valuable investment …
Persistent link: https://www.econbiz.de/10010958706
deal origination, a higher probability of syndication and a lower probability of potentially harmful co-investment, and … periodic cash flows prior to exit, which is in conjunction with an increased probability of investment in high-tech companies. …
Persistent link: https://www.econbiz.de/10005120767
This paper analyses the effects of the Initial Public Offering (IPO) market on real investment decisions in emerging …
Persistent link: https://www.econbiz.de/10010958594
discrepancy in the investment and divestment strategies may be explained by the grandstanding phenomenon, the value … usually finance firms in a later stage, carry through fewer investment rounds and take their portfolio firms public earlier …
Persistent link: https://www.econbiz.de/10010986397
Die vorliegende empirische Studie analysiert die Vertragsgestaltung zwischen Investoren und europäischen Venture Capital-Fonds. Im Zentrum steht die Analyse der Vergütung des Fondsmanagements sowie der zum Einsatz kommenden Vertragsklauseln. Deren Ausgestaltung ist entscheidend für die...
Persistent link: https://www.econbiz.de/10010986400
Our study examines the existence and the nature of private benefits of control in Germany. We do this by analyzing initial public offerings of founding-family owned firms and tracking their fate up to ten years following the IPO. Our sample includes a uniquely rich data set of 105 IPOs of...
Persistent link: https://www.econbiz.de/10010986426
Diese Arbeit analysiert die wesentlichen Elemente der Vertragsstrukturen in der Venture Capital-Industrie. Aufbauend auf einem sehr umfangreichen und detaillierten Datensatz, der die Verträge zwischen Venture Capital-Investoren und deren Portfoliounternehmen abbildet, werden die Kontroll-,...
Persistent link: https://www.econbiz.de/10010986442
We analyze the degree of contract completeness with respect to staging of venture capital investments using a hand-collected German data set of contract data from 464 rounds into 290 entrepreneurial firms. We distinguish three forms of staging (pure milestone financing, pure round financing and...
Persistent link: https://www.econbiz.de/10010986443