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Drawing on a novel dataset of worldwide venture capital deals, we investigate how venture capitalists (VCs) overcome the complexity of investing in geographically and institutionally distant regions. Our results indicate that syndicating with local VCs is a common way for foreign VCs to gain...
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-buyout companies. Our paper suggests that private equity investors select companies which are less financially distressed than … experienced private equity funds, their bankruptcy rates are even lower. Experienced investors seem to be better able to manage …
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-buyout companies. Our paper suggests that private equity investors select companies which are less financially distressed than … experienced private equity funds, their bankruptcy rates are even lower. Experienced investors seem to be better able to manage …
Persistent link: https://www.econbiz.de/10009424110
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European investors view their local counterparts in the portfolio companies’ home countries. If they regard them as rivals … using a unique cross-border country dataset on international investments of European private equity investors. We find that … European investors predominantly invest in countries with more mature private equity industries. The presence of local private …
Persistent link: https://www.econbiz.de/10003404754
Venture capital markets are characterized by multiple incentive problems and asymmetric information in an uncertain environment. All kinds of agency problems are present: moral hazard, adverse selection, hold-up problems, window dressing, etc. Entrepreneurs and venture capitalists enter into...
Persistent link: https://www.econbiz.de/10011445155