market for mid-career scientists and managers remains quite low, making it difficult for startups to attract the experienced …

venture capital firms substitutes for startups’ cash flow. Furthermore, we illustrate the signaling effect of patents and …We study the business model of venture debt firms, specialized institutions that provide loans to high-growth startups …. Venture debt represents an apparent contradiction with traditional debt theory since startups have negative cash flows and …

proliferate. One often hears about the incredible capital gains of IPO share prices. This paper refutes the myth that investors …

their IPO. Venture-backed firms survive longer, grow faster, are more R&D intensive, have generally superior operating … that the true legacy of venture capital finance extends well beyond the IPO. …

ventures public early. In this study, we examine this theory in the Japanese IPO market. With the introduction of MOTHERS and … able to examine the influence of these new markets on grandstanding and the IPO process. We find that young lead VC … underpriced. However, we do not find that young lead VCs have relatively lower equity stakes at IPO. This latter finding is most …

venture-backed IPO listing channels, including overseas listing through the main board and high-tech trading board in the … Enterprise Board). Finally, this paper examines the venture capital funding and IPO offering details, and the short-run and long …

-backed IPO firms. The results suggest that venture capital uses a reverse takeover as an alternative exit method from their … takeover firms perform worse than IPO firms over the long term regardless of whether they are VC-backed or not. … that VC-backed reverse takeover firms have higher leverage, lower profitability, and higher information asymmetry than VC …

level of support to business R&D via the federal Scientific Research and Experimental Development (SR&ED) tax credit and …