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The relationship between investment and internal cash flows in VC-backed SMEs : does firm size matter?
Serrasqueiro, Zélia; Sardo, Filipe; Félix, Elisabete … - In: Journal of entrepreneurial finance : JEF ; official … 21 (2019) 1, pp. 38-56
analyze the relationship between investment and internal cash flows. The results indicate that the investment sensitivity to … VC-backed SME investment. The moderation effect of VC ownership reduces the magnitudes of the positive impact of cash … flows and debt as well as the negative effect of growth opportunities on investment in both smaller and larger VC …
Persistent link: https://www.econbiz.de/10012241535
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Does a VC’s Commitment Lead to Improved Investment Outcomes? Evidence From Climate Startups
Burt, Aaron; Harford, Jarrad V. T.; Stanfield, Jared R.; … - 2022
We assess whether a VC’s intrinsic commitment to a startup affects investment performance. We proxy for climate change … patents following the VC investment. For identification, we use recent local climate-related natural disasters as a proxy for …
Persistent link: https://www.econbiz.de/10014236837
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Venture Capital and Other Private Equity : A Survey
Metrick, Andrew - 2010
We review the theory and evidence on venture capital (VC) and other private equity: why professional private equity exists, what private equity managers do with their portfolio companies, what returns they earn, who earns more and why, what determines the design of contracts signed between (i)...
Persistent link: https://www.econbiz.de/10013135193
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International Evidence on Value Creation in Private Equity Transactions
Puche, Benjamin - 2015
Understanding value creation at the transaction level is at the heart of explaining private equity (PE) returns. Taking advantage of a proprietary sample of 2,029 international buyout deals executed between 1984 and 2013 we provide detailed evidence on financial, market and operational value...
Persistent link: https://www.econbiz.de/10013032461
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Legality and Venture Capital Governance Around the World
Cumming, Douglas J. - 2010
syndication and a lower probability of potentially harmful co-investment, and facilitate investor board representation of the …
Persistent link: https://www.econbiz.de/10013143298
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The Real Effects of Credit Ratings : The Sovereign Ceiling Channel
Almeida, Heitor - 2017
credit ratings channel. Specifically, we find that firms reduce their investment and reliance on credit markets due to a …
Persistent link: https://www.econbiz.de/10012973813
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A Survey of Venture Capital Research
Da Rin, Marco - 2011
examines the work on venture capital investments in companies, looking at issues of selection, contracting, post-investment …
Persistent link: https://www.econbiz.de/10013119675
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Venture Capitalists' Value-Enhancing Activities Under Weak Protection of Law
Li, (Michael) Hui - 2016
Using two sets of hand-collected survey data, we studied the value-adding activities of venture capitalists (VCs) operating in the weak legal environment of China. VCs exert value-enhancing efforts in addition to monitoring through trust considerations. We identified the effects of three types...
Persistent link: https://www.econbiz.de/10013001048
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Religion and Venture Investing : A Cross-Country Analysis
Maung, Min - 2020
Using a sample of 56 countries over the 2000-2016 period, we document lower levels of venture capital investments in more religious countries. These results are not specific to any primary religion. Furthermore, we show that the negative relation between religiosity and venture investing mainly...
Persistent link: https://www.econbiz.de/10012836943
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Venture capital and internationalization
Schertler, Andrea; Tykvová, Tereza - 2009
Cross-border investments represent a substantial share of venture capital activities. We use a new and comprehensive dataset on worldwide investments to analyze the internationalization of venture capital financing. Our results from the perspectives of (i) venture capitalists, (ii) portfolio...
Persistent link: https://www.econbiz.de/10003881576