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Risk, Return and Degree of Owner Involvement in Privately Held Firms

Vos, Edward; Smith, Bronwyn M. - In: Journal of Entrepreneurial Finance 8 (2003) 1, pp. 31-55

Financial theory states that the variability of an asset’s return should be explained by the relative riskiness of that … information (which forms the basis of the risk and return measures) is easily visible and obtainable. Unfortunately, the fact that …

Persistent link: https://www.econbiz.de/10010765348

Annualized Returns of Venture-Backed Public Companies Categorized by Stage of Financing: An Empirical Investigation of IPOS in the Last Three Decades

Shachmurove, Yochanan - In: Journal of Entrepreneurial Finance 6 (2001) 1, pp. 44-58

demand very high rates of return to compensate for the risks involved in financing ventures. The paper investigates actual …

Persistent link: https://www.econbiz.de/10011310374

Venture Financing and Role of Certification: A Theoretical Perspective

Yazdipour, Rassoul - In: Journal of Entrepreneurial Finance 6 (2001) 1, pp. 156-160

This paper attempts to extend the Certification Paradigm--mainly used in the literature as an explanation for IPO underpricings--to provide guidelines to entrepreneurs in their efforts to secure funding for new ventures. After extending the model to cases of pre-venture-capital start-up firms,...

Persistent link: https://www.econbiz.de/10011310380

A Note on Venture Capital Networks: Promise and Performance

Brown, Donald J.; Stowe, Charles R. B. - In: Journal of Entrepreneurial Finance 1 (1991) 1, pp. 75-87

Since 1984 Informal Venture Networks (VCNs) have been formed and are currently operating in several states and Canada. However, little has been written in regard to the performance of these networks. This article presents the results of preliminary research concerning their performance. Our...

Persistent link: https://www.econbiz.de/10010790645

Annualized Returns of Venture-Backed Public Companies Categorized by Stage of Financing: An Empirical Investigation of IPOS in the Last Three Decades

Shachmurove, Yochanan - In: Journal of Entrepreneurial Finance 6 (2001) 1, pp. 44-58

demand very high rates of return to compensate for the risks involved in financing ventures. The paper investigates actual …

Persistent link: https://www.econbiz.de/10010790657

The Performance of Publicly Traded European Venture Capital Companies

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 of the stock) is lower than the market risk. When taking the risk …

Persistent link: https://www.econbiz.de/10010790668

A Note on the Use of Debt by Venture Capital Backed Firms

Mull, Rick H.; Winters, Drew B. - In: Journal of Entrepreneurial Finance 5 (1996) 3, pp. 287-93

Much of the current research regarding the venture capitalist examines samples of venture capital (VC) backed firms rather than the venture capitalist itself. While VC backed firms may represent the most reasonable proxy available for the study of the venture capitalist, consideration of...

Persistent link: https://www.econbiz.de/10010790669

Research Note: Venture Capitalists' Investment Criteria: A Replication

Fried, Vance H.; Hisrich, Robert D.; Polonchek, Amy - In: Journal of Entrepreneurial Finance 3 (1993) 1, pp. 37-42

become more concerned over market acceptance and less demanding of high potential rates of return and quick exit. These …

Persistent link: https://www.econbiz.de/10010790671

Venture Capitalist Attributes and Investment Vehicles: An Exploratory Analysis

Norton, Edgar - In: Journal of Entrepreneurial Finance 3 (1994) 3, pp. 181-198

Though some casual empirical evidence exists, few empirical studies have examined venture capitalist attributes, diversification, and investment strategy. This paper provides an initial empirical examination of investment structure and how it relates to venture capitalist organizational form,...

Persistent link: https://www.econbiz.de/10010790682

The Returns from Informal Venture Capital Investments: An Exploratory Study

Lumme, Annareetta; Mason, Colin; Suomi, Markku - In: Journal of Entrepreneurial Finance 5 (1996) 2, pp. 139-58

Despite the recent increase in research on informal venture capital there are many aspects of this market for which no information exists. One such issue is exits. This exploratory study is the first to address this issue. It is based on a survey of 38 active business angels in Finland who had...

Persistent link: https://www.econbiz.de/10010790688