Felix, Elisabete Gomes Santana; Pires, Cesaltina; … - Centro de Estudos e Formação Avançada em Gestão e … - 2008
This article analyzes the exit decision in the European venture capital market, studying when to exit and how it interacts with the exit form. The paper emphasizes the impact of asymmetric information on the divestment decision. Our model considers the impact of caracteristics of the venture...