Manigart, Sophie; Joos, Peter; Vos, Donaat De - In: Journal of Small Business Finance 3 (1994) 2, pp. 111-125
The stock market return and the risk of 33 quoted European venture capital companies during the period 1977-1991 are … significantly lower than zero. When interpreting these results, one has to take into account that most shares of venture capital … can expect in the future, may be higher than in the past. Venture capital companies that are specialized in a specific …