Showing 1 - 10 of 506
Purpose – The purpose of this paper is to model asymmetric information and study the profitability of venture capital (VC) backed initial public offerings (IPOs). Our mixtures approach endogenously separates IPOs into differentiated groups based on their returns’ determinants. We also...
Persistent link: https://www.econbiz.de/10011390741
Persistent link: https://www.econbiz.de/10011396541
Persistent link: https://www.econbiz.de/10011401075
A premise of the capabilities perspective in strategy is that firm-specific capabilities allow some firms to be unusually adept at exploiting growth opportunities. Since few firms have the capacity to internally generate the quantity or variety of strategic resources needed to exploit growth...
Persistent link: https://www.econbiz.de/10011374034
Persistent link: https://www.econbiz.de/10011299313
Persistent link: https://www.econbiz.de/10011350031
Using a unique, hand-collected database of all venture-backed firms listed on Germany's Neuer Markt, we analyze the history of venture capital financing of these firms before the IPO and the behavior of venture capitalists at the IPO. We can detect significant differences in the behavior and...
Persistent link: https://www.econbiz.de/10009765361
This paper analyzes a comprehensive data set of 160 non venture-backed, 79 venture-backed and 61 bridge financed companies going public at Germany´s Neuer Markt between March 1997 and March 2002. I examine whether these three types of issues differ with regard to issuer characteristics, balance...
Persistent link: https://www.econbiz.de/10009767675
Persistent link: https://www.econbiz.de/10009705358
Persistent link: https://www.econbiz.de/10010382725