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Risk management in the venture capital industry : managing risk in portfolio companies
Proksch, Dorian; Stranz, Wiebke; Pinkwart, Andreas; … - In: Journal of entrepreneurial finance : JEF ; official … 18 (2016) 2, pp. 1-33
structural equation model. We showed that the experience and the skills of the corresponding investment manager have a … significant negative impact on the failure risk of a venture. Investment manager´s experience and skills were measured by the … the selection of the investment manager for risk management in venture capital investments. …
Persistent link: https://www.econbiz.de/10011992186
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Private equity returns and disclosure around the world
Walz, Uwe; Cumming, Douglas - 2004
We study the returns the venture capital and private equity investment from 221 venture capital and private equity …, and the characteristics and structure of the investment. We show Heckman sample selection issues in regards to both … further compare the actual unrealized returns, as reported to investment managers, to the predicted unrealized returns based …
Persistent link: https://www.econbiz.de/10010298258
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Measuring Risk for Venture Capital and Private Equity Portfolios
Woodward, Susan E. - 2009
For alternative assets such as venture capital, buyouts (private equity), real estate, etc., the standard regression of portfolio returns on market returns to measure risk produces risk measures that are not credible. Institutional investors, doubting such measures, instead often use either some...
Persistent link: https://www.econbiz.de/10013156935
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Funding Liquidity Risk, Syndication Behaviour and the Risk Culture of the Australian Venture Capital Industry
Siddiqui, Asif - 2016
for the industry which include Investment syndication. Furthermore, the VC funds are supplied by individual and … institutional investors with different risk profiles and investment focus, usually in finite amounts and for a limited period of … predictions and validate them with VC investment data from Australia. The analysis shows that syndication has both instrumental …
Persistent link: https://www.econbiz.de/10013005189
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Misconduct Risks, Legal Enforcement, and Venture Capital Networks
Cumming, Douglas J.; Mohammadi, Ali; Zambelli, Simona - 2021
This study investigates the differing role of enforcement on the formation of venture capital(VC) syndication networks. We conjecture that public enforcement, with strong investigativepowers against any syndicate member, discourages the formation of denser syndicationnetworks due to misconduct...
Persistent link: https://www.econbiz.de/10013220173
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Misconduct Risks, Legal Enforcement, and Venture Capital Networks
Cumming, Douglas J.; Mohammadi, Ali; Zambelli, Simona - 2021
This study investigates the differing role of enforcement on the formation of venture capital (VC) syndication networks. We conjecture that public enforcement, with strong investigative powers against any syndicate member, discourages the formation of denser syndication networks due to...
Persistent link: https://www.econbiz.de/10013312113
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Private equity returns and disclosure around the world
Walz, Uwe; Cumming, Douglas - Center for Financial Studies - 2004
We study the returns the venture capital and private equity investment from 221 venture capital and private equity … the characteristics and structure of the investment. We show Heckman sample selection issues in regards to both unrealized … further compare the actual unrealized returns, as reported to investment managers, to the predicted unrealized returns based …
Persistent link: https://www.econbiz.de/10010986361
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When Do Firms Risk Shift? Evidence from Venture Capital
Denes, Matthew - 2017
Business Investment Company (SBIC) program is a novel setting to evaluate the importance of these costs. It provides …
Persistent link: https://www.econbiz.de/10012967303
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Liquidity events and returns of EIF-backed VC investments
Prencipe, Dario - 2017
Despite the sometimes intensive media coverage and exuberant storytelling around the industry, venture capital (VC) investors tend to operate in highly opaque markets. On this premise, this work contributes to the literature via a hand-collected dataset of about 3,600 EIF-backed VC investments...
Persistent link: https://www.econbiz.de/10011863286
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Rollover risk as market discipline : a two-sided inefficiency
Eisenbach, Thomas M. - 2013
Why does the market discipline that banks face seem too weak during good times and too strong during bad times? This paper shows that using rollover risk as a disciplining device is effective only if all banks face purely idiosyncratic risk. However, if banks' assets are correlated, a two-sided...
Persistent link: https://www.econbiz.de/10009709345