Li, Xun; Tan, Hwee Huat; Wilson, Craig; Wu, Zhenyu - In: International Journal of Managerial Finance 9 (2013) SEptember, pp. 351-364
Purpose – Exit strategies are critical for external private equity holders, such as venture capitalists and business angels, to receive investment returns successfully. The paper models the exit decision as a fixed date with the option to exit early, and develop an approach to help private...
