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The U.S. Left Behind : The Rise of IPO Activity Around the World
Doidge, Craig - 2011
the U.S. has fallen compared to the rest of the world and U.S. firms go public less than expected based on the economic …
Persistent link: https://www.econbiz.de/10013127767
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Venture Capital and Capital Gains Taxation
Poterba, James M. - 2011
This paper investigates the links between capital gains taxation and the level of venture capital activity. I examine two explanations of how reducing the personal capital gains tax rate may spur venture capital: the first focuses on the supply of funds to the venture industry, and the second on...
Persistent link: https://www.econbiz.de/10013132877
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Unobserved Heterogeneity in Matching Games with an Application to Venture Capital
Fox, Jeremy T. - 2012
Agents in two-sided matching games vary in characteristics that are unobservable in typical data on matching markets. We investigate the identification of the distribution of unobserved characteristics using data on who matches with whom. In full generality, we consider many-to-many matching and...
Persistent link: https://www.econbiz.de/10013104978
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Limited Partner Performance and the Maturing of the Private Equity Industry
Sensoy, Berk A. - 2013
We evaluate the performance of limited partners' (LPs) private equity investments over time. Using a sample of 14,380 investments by 1,852 LPs in 1,250 buyout and venture funds started between 1991 and 2006, we find that the superior performance of endowment investors in the 1991-1998 period,...
Persistent link: https://www.econbiz.de/10013087047
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Private Equity and the Innovation Strategies of Entrepreneurial Firms : Empirical Evidence from the Small Business Innovation Research Program
Link, Albert - 2014
-based technologies, thus contributing to economic growth. We conclude that both public investments and private investments are key to …
Persistent link: https://www.econbiz.de/10013065646
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The Cost of Friendship
Gompers, Paul A. - 2014
This paper explores two broad questions on collaboration between individuals. First, we investigate what personal characteristics affect people's desire to work together. Second, given the influence of these personal characteristics, we analyze whether this attraction enhances or detracts from...
Persistent link: https://www.econbiz.de/10013065957
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Private Equity Performance : What Do We Know?
Harris, Robert S. - 2014
, we compare buyout and venture capital returns to the returns produced by public markets. We also compare the evidence ….S. buyout fund performance has exceeded that of public markets for most vintages for a long period of time. The outperformance … funds, on the other hand, outperformed public equities in the 1990s, but have underperformed public equities in the 2000s …
Persistent link: https://www.econbiz.de/10013066572
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A Survey of Venture Capital Research
Da Rin, Marco - 2014
examines public policies, and the role of venture capital in the economy at large …
Persistent link: https://www.econbiz.de/10013067246
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Business Partners, Financing, and the Commercialization of Inventions
Astebro, Thomas B. - 2014
This paper studies the effect of business partners on the commercialization of nvention based ventures, and it assesses the relative importance of partners' human and social capital on commercialization outcomes. Projects run by partnerships were five times more likely to reach...
Persistent link: https://www.econbiz.de/10013067734
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The Importance of Trust for Investment : Evidence from Venture Capital
bottazzi, laura - 2014
We examine the effect of trust on financial investment and contracting decisions in a micro-economic environment where trust is exogenous. Using hand-collected data on European venture capital, we show that the Eurobarometer measure of trust among nations significantly affects investment...
Persistent link: https://www.econbiz.de/10013068297