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The dynamics of entrepreneurial careers in high-tech ventures : experience, education, and exit

Cumming, Douglas J.; Walz, Uwe; Werth, Jochen - 2015

online database indicate that founders stick with entrepreneurship as a serial entrepreneur or as an angel investor only in …

Persistent link: https://www.econbiz.de/10011436054

Entrepreneurial Litigation and Venture Capital Finance

Cumming, Douglas J. - 2012

This paper empirically examines the impact of entrepreneurial firm plaintiff litigation on the ability of entrepreneurial firms to obtain venture capital (VC), and the subsequent effect on VC exit outcomes. This empirical context is important, as both the costs of litigation and potential...

Persistent link: https://www.econbiz.de/10013115080

Entrepreneurial Litigation and Venture Capital Finance

Cumming, Douglas J. - 2016

This paper empirically examines the interaction between entrepreneurial plaintiff firm litigation and venture capital (VC). The data indicate that, relative to non-plaintiffs, firms that litigate prior to [after] obtaining VC (1) receive financing from less [more] reputable venture capitalists...

Persistent link: https://www.econbiz.de/10012998535

The Problems with and Promise of Entrepreneurial Finance

Cumming, Douglas J. - 2017

well integrated entrepreneurship and finance journals. Entrepreneurial finance encompasses venture capital, private equity … promising topics for future research. Managerial SummaryWho does research in entrepreneurial finance – entrepreneurship or … segmented by the type of journal, where finance journals are much less likely to refer to entrepreneurship journals …

Persistent link: https://www.econbiz.de/10012949706

Governance in entrepreneurial ecosystems : venture capitalists vs. technology parks

Cumming, Douglas J.; Werth, Jochen; Zhang, Yelin - 2016

We argue two alternative routes that lead entrepreneurial start-ups to acquisition outcomes instead of liquidation. On one hand, acquisitions can come about through the control route with external financers such as venture capitalists (VCs). VCs take control through their board seats along with...

Persistent link: https://www.econbiz.de/10011473538

Entrepreneurial Finance : Unifying Themes and Future Directions

Cumming, Douglas J. - 2018

We overview the papers of this special issue of the Journal of Corporate Finance and explain how they fit within the different segments of the entrepreneurial finance literature, including equity crowdfunding, angel investors, debt, venture capital, and private equity. We point to the growing...

Persistent link: https://www.econbiz.de/10012930230

Entrepreneurial spawning : experience, education, and exit

Cumming, Douglas J.; Walz, Uwe; Werth, Jochen - 2016

that founders are more likely to stick with entrepreneurship as a serial entrepreneur or as an angel investor in cases …

Persistent link: https://www.econbiz.de/10011539856

The Digital Credit Divide : Marketplace Lending and Entrepreneurship

Cumming, Douglas J.; Farag, Hisham; Johan, Sofia Atiqah; … - 2021

We conjecture that marketplace lending provokes an increase in the quantity of entrepreneurship, particularly in more …

Persistent link: https://www.econbiz.de/10013247382

The Role of Agents in Private Entrepreneurial Finance

Cumming, Douglas J. - 2013

We examine theory and evidence on agents in private-market entrepreneurial financings. After controlling for the endogenous issuer-agent matching and a whole host of other controls, the empirical findings in this paper indicate that agents attract more investors, broaden the geographic investor...

Persistent link: https://www.econbiz.de/10013085410

Investors’ Choices Between Cash and Voting Rights : Evidence from Dual-Class Equity Crowdfunding

Cumming, Douglas J. - 2019

This paper examines for the first time dual-class equity crowdfunding as a digital ownership model. Unique to this context, companies can set an investment threshold under which no voting rights are granted, making the issuance of Class A vs. Class B shares, depending on individual investors....

Persistent link: https://www.econbiz.de/10012890728