Similar Search Results

Venture Capital Investments and Merger and Acquisition Activity Around the World

Phillips, Gordon M. - 2017

We examine the relation between venture capital (VC) investments and mergers and acquisitions (M&A) activity around the world. We find evidence of a strong positive association between VC investments and lagged M&A activity, consistent with the hypothesis that an active M&A market provides...

Persistent link: https://www.econbiz.de/10012941971

A Survey of Venture Capital Research

Da Rin, Marco - 2014

This survey reviews the growing body of academic work on venture capital. It lays out the major data sources used. It examines the work on venture capital investments in companies, looking at issues of selection, contracting, post-investment services and exits. The survey considers recent work...

Persistent link: https://www.econbiz.de/10013067246

Private Equity's Unintended Dark Side : On the Economic Consequences of Excessive Delistings

Ljungqvist, Alexander - 2016

Over the past two decades, the U.S. stock market has been shrinking as the public firm model has begun to fall out of favor. We develop a political economy model of delistings to study the wider economic consequences of this trend. We show that the private and social incentives to delist firms...

Persistent link: https://www.econbiz.de/10013000524

The Deregulation of the Private Equity Markets and the Decline in Ipos

Ewens, Michael; Farre-Mensa, Joan - 2021

The deregulation of securities laws|in particular the National Securities Markets Improvement Act (NSMIA) of 1996|has increased the supply of private capital to late-stage private startups, which are now able to grow to a size that few private firms used to reach. NSMIA is one of a number of...

Persistent link: https://www.econbiz.de/10013239368

Do Private Equity Managers Earn Their Fees? Compensation, Ownership, and Cash Flow Performance

Robinson, David T. - 2014

We study the relation between compensation practices, incentives, and performance in private equity using new data that connect ownership structures, management contracts, and quarterly cash flows for a large sample of buyout and venture capital funds from 1984-2010. Although many critics of...

Persistent link: https://www.econbiz.de/10013066311

Earnings Quality and Ownership Structure : The Role of Private Equity Sponsors

Katz, Sharon P. - 2021

This study explores how firms' ownership structures affect their earnings quality and long-term performance. Focusing on a unique sample of private firms for which there is financial data available in the years before and after their initial public offering (IPO), I differentiate between those...

Persistent link: https://www.econbiz.de/10013310163

The Economic Effects of Private Equity Buyouts

Davis, Steven J. - 2019

We examine thousands of U.S. private equity (PE) buyouts from 1980 to 2013, a period that saw huge swings in credit market tightness and GDP growth. Our results show striking, systematic differences in the real-side effects of PE buyouts, depending on buyout type and external conditions....

Persistent link: https://www.econbiz.de/10012861214

The Evolution of Corporate Ownership after IPO : The Impact of Investor Protection

Foley, C. Fritz - 2014

Recent research documents that ownership concentration is higher in countries with weak investor protection. However, drawing on panel data on corporate ownership in 34 countries between 1995 and 2006, we show this pattern does not hold for newly public firms, which tend to have concentrated...

Persistent link: https://www.econbiz.de/10012751043

Institutional Allocation in Initial Public Offerings : Empirical Evidence

Aggarwal, Reena - 2012

We analyze institutional allocation in initial public offerings (IPOs) using a new dataset of US offerings between 1997 and 1998. We document a positive relationship between institutional allocation and day one IPO returns. This is partly explained by the practice of giving institutions more...

Persistent link: https://www.econbiz.de/10012755911

Private Equity and the Innovation Strategies of Entrepreneurial Firms : Empirical Evidence from the Small Business Innovation Research Program

Link, Albert - 2014

There is great interest in evaluating the impact of private equity investments on innovation and economic growth …. However, there is no direct empirical evidence on the effects of such transactions on the innovation strategies of … Business Innovation Research (SBIR) program research awards. We find that SBIR firms attracting private equity investments are …

Persistent link: https://www.econbiz.de/10013065646

1
2
3
4
5
6
7
8
9
10
Next
Last