Showing 1 - 10 of 1,981
We assess whether a VC’s intrinsic commitment to a startup affects investment performance. We proxy for climate change … patents following the VC investment. For identification, we use recent local climate-related natural disasters as a proxy for …
Persistent link: https://www.econbiz.de/10014236837
This paper compares the post-investment value-added activities performed by governmental venture capital (GVC) and … investment profiles of these investors might have on the forms of value added. The study uses a unique data set based on a survey … attention to potential adverse effects of the post-investment engagement of the investors on the firm. Using a composite …
Persistent link: https://www.econbiz.de/10009296648
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
We investigate the investment behavior and exit performance of VCs that have pursued expansion outside their home …
Persistent link: https://www.econbiz.de/10013153529
We investigate the investment behavior and exit performance of VCs that have pursued expansion outside their home …
Persistent link: https://www.econbiz.de/10013153782
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
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
We provide empirical evidence of the post-investment performance and survivorship profile of angel-backed companies …-backed companies that received angel investments between 2008 and 2012 and at least 3 years of post-investment financial data, we …
Persistent link: https://www.econbiz.de/10012853731
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/10012855694
factors on the economic performance of VC-backed companies is mixed, with different VC investment strategies producing …
Persistent link: https://www.econbiz.de/10013223436