Chahine, Salim; Arthurs, Jonathan D.; Filatotchev, Igor; … - In: Journal of Corporate Finance 18 (2012) 1, pp. 179-192
This study examines the extent to which principal–principal agency conflicts within venture capital (VC) syndicates lead to additional principal–agent conflicts in IPO firms in two institutional contexts. Using a matched sample of 274 VC-backed IPOs in the US and the UK, it shows that the...