Narrow search
Showing 1 - 10 of 1,547
Cover Image
SPACs : post-merger survival
Vulanovic, Milos - 2016
This paper studies how institutional characteristics of Specified Purpose Acquisition Companies (SPACs) are related to … their post-merger survival. SPACs are unique financial firms that conduct the IPO with the solely purpose to use the … proceeds to acquire another private company. Paper finds that institutional characteristics of SPACs are important in …
Persistent link: https://www.econbiz.de/10011567362
Cover Image
Does a VC’s Commitment Lead to Improved Investment Outcomes? Evidence From Climate Startups
Burt, Aaron; Harford, Jarrad V. T.; Stanfield, Jared R.; … - 2022
We assess whether a VC’s intrinsic commitment to a startup affects investment performance. We proxy for climate change commitment using the political contributions to democrats of the lead VC person on a deal. We find investments by democrats in climate-related startups have 8% higher...
Persistent link: https://www.econbiz.de/10014236837
Cover Image
Importance of the non-financial value added of government and independent venture capitalists
Luukkonen, Terttu; Deschryvere, Matthias; Bertoni, Fabio; … - 2011
This paper compares the post-investment value-added activities performed by governmental venture capital (GVC) and independent venture capital (IVC) for their portfolio companies, and controls for the selection effect that the different investment profiles of these investors might have on the...
Persistent link: https://www.econbiz.de/10009296648
Cover Image
Does Venture Capitalists Reputation Improve the Survival Profile of IPO Firms?
Hamza, Olfa - 2011
This paper examines the effect of Venture Capital (VC) reputation on the survival profile of U.S. Initial Public Offerings (IPOs) firms for the 1985-2005 period. To do so, we construct a VC quality index and develop multinomial logit models based on the information contained in the prospectus....
Persistent link: https://www.econbiz.de/10013124291
Cover Image
The Long-Run Performance of IPOs in Italy : A Comparison of Venture and Non-Venture-Backed Companies
Rossi, Fabrizio - 2013
The phenomena associated with the performance of newly listed companies has increased the interest of many researchers who have developed a vast literature on long-term underpricing and underperformance, which together with hot and cold issue markets, represent the three anomalies that have...
Persistent link: https://www.econbiz.de/10013089376
Cover Image
Venture Capital Ownership Type, Investment Criteria and Venture Performance
Dai, Na - 2009
We investigate the investment behavior and exit performance of VCs that have pursued expansion outside their home locations. Our findings indicate that in the Asian VC markets, foreign VCs have relative advantages over local VCs in terms of size and experience while they are at disadvantage in...
Persistent link: https://www.econbiz.de/10013153529
Cover Image
Venture Capital Ownership Type, Investment Criteria, and Venture Performance
Dai, Na - 2009
We investigate the investment behavior and exit performance of VCs that have pursued expansion outside their home locations. Our findings indicate that in the Asian VC markets, foreign VCs have relative advantages over local VCs in terms of size and experience while they are at disadvantage in...
Persistent link: https://www.econbiz.de/10013153782
Cover Image
Banks Joining Venture Capital Investments : Portfolio Selection, Strategic Objectives, Performance and Exit
Johan, Sofia - 2018
The main strategic objective of bank-affiliated venture capital funds (BVCs) is to enhance demand of debt capital from portfolio companies. This paper investigates the channels through which banks pursue such a strategy. Using detailed data from seven Western European countries in the period...
Persistent link: https://www.econbiz.de/10012907736
Cover Image
Valuable Choices : Prominent Venture Capitalists' Influence on Startup CEO Replacements
Conti, Annamaria - 2018
This paper explores how prominent VCs affect CEO replacement in startups. Defining prominence using eigenvector centrality, we employ matching methods and instrumental variables to show that startup CEO replacement occurs more often, and faster, when prominent VCs participate. We further explore...
Persistent link: https://www.econbiz.de/10012936426
Cover Image
The Performance of Angel-Backed Companies
Bonini, Stefano - 2020
We provide empirical evidence of the post-investment performance and survivorship profile of angel-backed companies, filling a long-standing gap within the entrepreneurial finance literature. Using a unique database of 111 angel-backed companies that received angel investments between 2008 and...
Persistent link: https://www.econbiz.de/10012853731