Showing 1 - 10 of 141
This paper addresses the choice between different exit routes of venture capitalists for a project yielding a quality-improving product innovation. We explicitly introduce product market characteristics into the analysis with the aim to identify their effects on the optimal exit strategy and on...
Persistent link: https://www.econbiz.de/10005413189
The Venture capital (VC) industry in India is of recent origin. However, the average investment value of each deal in … performance. In the light of the differences in investment opportunities around India, and the nature of industrial development in … South East Asia in general, the author anticipated that the investment criteria employed by Venture Capital Firms (VCs) in …
Persistent link: https://www.econbiz.de/10005134795
Listing of stocks on the stock exchange offers business firms several advantages such as diversification, liquidity, establishing a value for the firm etc. The present paper analyses stocks of six commercial banks (viz., Dubai Commercial Bank, Emirates Bank International, National Bank of Dubai,...
Persistent link: https://www.econbiz.de/10005413135
This paper provides additional international evidence on the IPOs by examining the initial performance and two main determinants of short-run underpricing of 169 IPOs listed on the Athens Stock Exchange (ASE) over the period 1997-2002. The initial performance of the IPOs is measured by...
Persistent link: https://www.econbiz.de/10005561626
Private equity funds of funds (FOFs) have become big business. Today, FOFs form 14% of new money raised. I test six explanations for the rise of FOFs. First, I find that FOFs do not generally deliver superior returns. They do, however, do well enough for the limited partners (LPs) that hire...
Persistent link: https://www.econbiz.de/10005134791
Venture capital firms (VCs) form syndicates that compete to invest in deals. Does more competition makes it less likely that VCs will choose syndicate partners based on past ties? Using over 200,000 observations on how VCs choose each other in 572 biotech deals in Massachussetts from 1967...
Persistent link: https://www.econbiz.de/10005118861
to co-invest. We develop hypothesis concerning the investment behavior of Venture Capitalists in the German market and … venture capital investments. We show that mainly Resource driven motives foster the propensity to syndicate an investment … investment. …
Persistent link: https://www.econbiz.de/10005561752
In this paper, we examine net investment during the early stages of transition using micro data on the population of … models of investment and test if investment behavior varies across categories of ownership and with the legal status of firms …. Our analysis of depreciation leads us to the conclusion that replacement investment displays a similar pattern in many …
Persistent link: https://www.econbiz.de/10005407697
causal relationship among sales and cash flow on the one hand and investment and R&D on the other, using three large panels … investment and R&D are more highly sensitive to cash flow and sales in the United States than in France and Japan. Corresponding …, both investment and R&D predict both cash flow and sales positively in the United States, while the impact is somewhat more …
Persistent link: https://www.econbiz.de/10005413030
This paper examines how the investment of financially constrained firms varies with their level of internal funds. We … develop a theoretical model of optimal investment under financial constraints. Our model endogenizes the costs of external … investment is U-shaped. In particular, when a firm's internal funds are negative and sufficiently low, a further decrease leads …
Persistent link: https://www.econbiz.de/10005413170