<title/> This study revealed that the level of venture capitalist involvement in the pre-flotation as well as the post-flotation period influenced the short-run performance of JASDAQ companies in Japan. We detected that JASDAQ companies differed in several ways from NASDAQ and EASDAQ companies. JASDAQ...

<title/> This paper compares the approaches to investee valuation and sources of information used by venture capital investors in the US, Hong Kong, India and Singapore. The results identify significant differences in respect of the use of asset valuation, earnings before interest, depreciation and...

<title/> This paper analyses investment practices in the private equity markets of transitioning economies in Central and Eastern Europe (CEE). Using a proprietary set of survey data and non-parametric tests, the study compares findings for the Czech Republic, Hungary and Poland to those for the more...

<title/> Agency theory, the predominant theoretical lens employed to examine leveraged buyouts, focuses on buyouts principally as a governance and control device. This view is especially useful in evaluating mature firms where discipline, incentives and limits to managerial discretion serve to mitigate...

<title/> This paper uses UK survey data to investigate the different motives that venture capital firms have for syndicating equity investments, partner selection, and the link between competition and syndication in the market. The traditional finance perspective views syndication as a response to the...

<title/> This paper focuses on the development of entrepreneurial orientation (EO) after a management buy-out (MBO) and on the role played by venture capital firms in enhancing EO. It presents results of two exploratory case studies of divisional buy-outs with regard to their EO and the areas where the...

A large literature has adumbrated the value-added role of private equity (PE) firms in backing buyouts. The present paper examines a different and hitherto unexplored issue: the role of financial restructuring in PE buyouts in the UK both before and after the financial crash of 2007. The UK...

<title/> Venture capital in Asia and the Pacific Rim is of increasing importance because of the heterogeneity of the countries in the region in terms of their stage of economic development, their institutional systems and cultures and the state of development of their venture capital markets. This...

<title/> Management buy-outs have typically been viewed as occurring in mature sectors with wellestablished technology but the buy-out concept is also applicable to high-tech sectors. The paper examines this neglected form of buy-out drawing on the Centre for Management Buy-out Research (CMBOR) data...