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Annualized and Cumulative Returns on Venture-Backed Public Companies Categorized by Industry
Shachmurove, Amir; Shachmurove, Yochanan - In: Journal of Entrepreneurial Finance 9 (2004) 3, pp. 41-60
This paper investigates the actual performance of 2,895 Initial Public Offerings of companies that were backed by …
Persistent link: https://www.econbiz.de/10010765309
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Venture Backed IPO's in India: Issues of Certification and Underpricing
Kumar, A. Vinay - In: Journal of Entrepreneurial Finance 9 (2004) 2, pp. 93-108
continuing to bring in more and more funds. Indian research on initial public offerings is sparse. Previous studies have … purposes of venture capital business is to exit, ideally through an initial public offering (IPO). The reason for their … capitalist would get if they offer their stock to public when compared to valuation in any other form of exit. …
Persistent link: https://www.econbiz.de/10010765302
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The Effect of Repeal of the Capital Gain Preference on Venture-Backed Companies
Hamill, James R.; Khurana, Inder - In: Journal of Entrepreneurial Finance 3 (1994) 2, pp. 97-109
The 1986 Tax Reform Act eliminated preferential tax treatment of capital gains. Proposals to reinstate the preference suggest that risky new investment will suffer without favorable treatment of investment returns. Others have argued that capital for risky new ventures is largely supplied by...
Persistent link: https://www.econbiz.de/10010790711
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Business and Intellectual Capital Development in Financial Riptide - Case Studies of Finnish Biotechnology and Pharmaceutical Companies Dispersing into Global Value Chains
Kulvik, Martti; Tähtinen, Marja; Ylä-Anttila, Pekka - Elinkeinoelämän Tutkimuslaitos (ETLA) - 2013
This study focused on two primary areas: 1. To determine what can be learned from biotech and drug development companies that suffered from financial problems and ultimately failed at the beginning of the 21st century. 2. To determine how intellectual capital developed in accordance with such...
Persistent link: https://www.econbiz.de/10010987109
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Corporate Venturing, allocation of talent, and competition for star managers
De Bettignies, Jean-Etienne; Chemla, Gilles - Université Paris-Dauphine (Paris IX) - 2008
We provide new rationales for corporate venturing (CV), based on competition for talented managers. As returns to venturing increase, firms engage in CV for reasons other than capturing these returns. First, higher venturing returns increase managerial compensation, to which firms respond by...
Persistent link: https://www.econbiz.de/10010905343
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The Determinants of Venture Capital: Additional Evidence
van Pottelsberghe de la Potterie, Bruno; Romain, Astrid - Deutsche Bundesbank - 2004
This paper attempts to identify and evaluate the main determinants of venture capital (VC). We develop a theoretical model where macroeconomic conditions, technological opportunity, and the entrepreneurial environment affect the demand and supply of VC. The quantitative results, based on a panel...
Persistent link: https://www.econbiz.de/10005083116
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The attractiveness of central eastern European countries for venture capital and private equity investors
Groh, Alexander P.; Liechtenstein, Heinrich; Lieser, Karsten - IESE Business School, Universidad de Navarra - 2007
We address the attractiveness of Central Eastern European countries for VC/PE investors by the construction of a composite index. For the index composition we refer to the results of numerous prior research papers that investigate relevant parameters determining entrepreneurial activity and/or...
Persistent link: https://www.econbiz.de/10005021797
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The Organization of the Innovation Industry: Entrepreneurs, Venture Capitalists and Oligopolists
Norbäck, Pehr-Johan; Persson, Lars - Institutet för Näringslivsforskning (IFN) - 2009
We construct a model where incumbents can either acquire basic innovations from entrepreneurs, or wait and acquire developed innovations from entrepreneurial firms supported by venture capitalists. We show that venture-backed entrepreneurial firms have an incentive to overinvest in development...
Persistent link: https://www.econbiz.de/10005025461
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What One Can Learn From the Initial Public Offering of Google? A Twenty-Year Excursion to the Venture Capital Industry
Shachmurove, Emanuel; Shachmurove, Yochanan - Department of Economics, University of Pennsylvania - 2004
determining the success of an investment. It compares data on the rates of return of 2,678 venture-backed public companies during …
Persistent link: https://www.econbiz.de/10005150198
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Formal and Informal Equity Funding in Chile
Amorós, José Ernesto; Atienza, Miguel; Romaní, Gianni - In: Estudios de Economia 35, 2 Year 2008, pp. 179-194
existing in Chile for equity investment, these markets are still incipient and strongly dependent on public policies. In this … respect it is proposed that public intervention to address equity gaps in Chile should also adopt a demand-side perspective …
Persistent link: https://www.econbiz.de/10005256838