Manigart, Sophie; Joos, Peter; Vos, Donaat De - In: Journal of Entrepreneurial Finance 3 (1994) 2, pp. 111-125
The stock market return and the risk of 33 quoted European venture capital companies during the period 1977-1991 are studied. The return is negative on average with eight of the 33 companies having a return that is higher than the market return. However, the systematic risk (measured by the beta...
