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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/10009646600
Persistent link: https://www.econbiz.de/10004578987
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/10005097500
-buyout companies. Our results suggest that private equity investors select companies which are less financially distressed than … experienced private equity funds, their bankruptcy rates are even lower. These findings indicate that experienced investors are …
Persistent link: https://www.econbiz.de/10011052911
Persistent link: https://www.econbiz.de/10005722890
Using a unique, hand-collected database of all venture- backed firms listed on Germany's Neuer Markt, we analyze the history of venture capital financing of these firms before the IPO and the behavior of venture capitalists at the IPO. We can detect significant differences in the behavior and...
Persistent link: https://www.econbiz.de/10010297295
ven- ture capitalists typically are bridge investors rather than true venture capitalists. Our findings may be interesting …
Persistent link: https://www.econbiz.de/10010297317
This paper sets out to analyze the influence of different types of venture capitalists on the performance of their portfolio firms around and after IPO. We investigate the hypothesis that different governance structures, objectives, and track records of different types of VCs have a significant...
Persistent link: https://www.econbiz.de/10010297354
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/10010297726
We present evidence on venture capitalists? (VCs) impact on turnover of executives for a sample of nearly 47,000 German high-tech start-ups between 1995 and 2004. We confirm that the presence of VCs increases the probability of a change in the initial executive team. Additionally, we take a...
Persistent link: https://www.econbiz.de/10010297869