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We analyze the venture capitalist's decision on the timing of the IPO, the offer price and the fraction of shares he … sells in the course of the IPO. A venture capitalist may decide to take a company public or to liquidate it after one or two … financing periods. A longer venture capitalist's participation in a firm (later IPO) may increase its value while also …
Persistent link: https://www.econbiz.de/10005097528
In this paper, we analyze the investment and divestment patterns of different types of venture capitalists. Using a data set em- bracing all venture-backed IPOs that occurred on Germany's Neuer Markt we investigate whether the governance structures, objectives, abilities and track records of...
Persistent link: https://www.econbiz.de/10005098238
history of venture capital financing of these firms before the IPO and the behavior of venture capitalists at the IPO. We can … capitalists is lower, their selling intensity at the IPO is higher and the committed lock-up period is longer. …
Persistent link: https://www.econbiz.de/10005098395
We investigate the incentives of manufacturers to use resale price maintenance (RPM) when selling products through common retailers. In our model retailers provide product specific pre-sales services. If the competitive retail margins are low, each manufacturer fixes a minimum price to induce...
Persistent link: https://www.econbiz.de/10010957630
our hypothesis by comparing measures of innovativeness. Based on matching (selectivity on observable covariates) in a …
Persistent link: https://www.econbiz.de/10010957731
propensity score matching estimators. To explain potential differences in effects between the groups, we suggest and apply a … decomposition method based on the matching procedure that allows identification of differences due to observable characteristics and …
Persistent link: https://www.econbiz.de/10008536039
approaches: regression based matching and matching on the propensity score. The richness of the data set favors the use of these …
Persistent link: https://www.econbiz.de/10005097533
matching methods suggest that the programme generated a statistically significant additional reintegration success of about 13 …
Persistent link: https://www.econbiz.de/10005097555
Arbeitsmarktgruppen noch vergleichsweise wenig verbreitete Matching- Methode in Verbindung mit der hohen Datenqualität, die durch die …
Persistent link: https://www.econbiz.de/10005097667
apply propensity score matching as a method to solve the fundamental evaluation problem and to estimate the effect of the …
Persistent link: https://www.econbiz.de/10005097749