Achleitner, Ann-Kristin; Engel, Nico; Reiner, Uwe - In: Review of Financial Economics 22 (2013) 1, pp. 20-35
Using a unique proprietary data set of over 5400 realized and unrealized venture capital investments between 1980 and 2005, we examine the impact of demand-related factors, e.g. entrepreneurial activity, as well as supply-related factors, i.e. money provided by VC investors, on the return of...
