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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...
Persistent link: https://www.econbiz.de/10010559869
We provide new insights into the role of individual inventors in innovation. We focus our analysis on prolific … inventors in China, Japan, Korea and Taiwan. We analyse patents issued by the U.S. Patent and Trademark Office to thousands of …
Persistent link: https://www.econbiz.de/10010821506
particular industry - standards generate potential for market power far beyond the legal protection conferred by patents. Patent … that have fueled antitrust debates and economic research during the last decade. On the one hand, patent owners may be … a patent pool may actually be pro-competitive. After a brief introduction, we explain in the first part why, and on what …
Persistent link: https://www.econbiz.de/10008789156
This paper aims to connect two strands of the venture capital literature: the inter-relationships among venture capitalists (VCs) on the one hand, and between VCs and their funds providers on the other hand. It examines the existence of a relationship between type of fund provider and skill...
Persistent link: https://www.econbiz.de/10010933147
Our area of interest is the relationship between Private Equity professionals and the CEOs of companies. Building on previous research on board-CEO relationship and on venture capital and management buyout governance, we aim at complementing the frequently used agency theory perspective by way...
Persistent link: https://www.econbiz.de/10010549128
The determinants of venture capital investment have attracted a significant amount of attention from both academics and policymakers. We use a version of the Keuschnigg-Nielsen model for venture-capital-financed projects to condition our analysis on a reasonable set of exogenous variables but we...
Persistent link: https://www.econbiz.de/10010605320
Microequity may be the key to overcoming stress of micro entrepreneurs who are over-exposed to micro-credit. French microangels are willing to invest small amounts to help people start their own business and move out of poverty. The French microangels invest through syndication in...
Persistent link: https://www.econbiz.de/10010898461
The demand of management control information (MCI) and its use by Venture Capitalists (VC) are examined through a qualitative study. The VC, active investor concerned with investment return, may be interested by information traditionally reserved to the manager. The results show that the VC are...
Persistent link: https://www.econbiz.de/10010898750
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...
Persistent link: https://www.econbiz.de/10010899490
How to value a new venture is critical in entrepreneurial financing. This article develops an integrated theoretical framework to examine whether venture capitalists' valuation of a new venture can be explained by factors identified in the strategy theories as important to firm performance....
Persistent link: https://www.econbiz.de/10010746975