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Obrimah (2016) motivates a new measure of market reputation for venture capitalists (VCs). This document reports firm level estimates of market reputations for sample VCs in Obrimah (2016). Explanatory notes can be found on last page of the document. For more detailed explanations, see Obrimah...
Persistent link: https://www.econbiz.de/10012941816
This study examines the extent to which reputation constructs proposed in NAH (Nahata 2008) or OBH (Obrimah 2016a) exhibit uniqueness properties expected to be characteristic of reputation constructs. Empirical results provide evidence of concave (non-unique) relations between reputation...
Persistent link: https://www.econbiz.de/10012934831
Absent superior performance with respect to 'Portfolio Innovation Focus' (unexpected innovation), this study finds 'less experienced' ('competing') VCs, which only coinvest with other less experienced VCs, become less reputable than alternate less experienced ('non-competing') VCs who coinvest...
Persistent link: https://www.econbiz.de/10012935270
This paper provides evidence that venture capitalists' (VCs') market reputation consists of two components: an expected component derived from "expectations about VCs' ability to deliver relatively safe ventures to market" and an unexpected component derived from "unanticipated improvements in...
Persistent link: https://www.econbiz.de/10012904753
Suppose IPO underpricing increases with underwriters' reputation. This study demonstrates higher underpricing is compatible with higher credibility of underwriting by reputable underwriters. Consistent with stated inference, increase in valuation uncertainty risk, and severity of adverse...
Persistent link: https://www.econbiz.de/10012901633
Conventional implementations of the Bonacich (1987) status construct are derived from economic agents' `information reach' and `frequency of repeated partnerships'. This study finds status that derives from new entrant venture capitalists' (VCs') information reach and frequency of repeated...
Persistent link: https://www.econbiz.de/10012902492