This paper examines the valuation of venture capital (VC)-backed IPOs in Canada and the US over the 1986-2007 period. The data indicate that differences in listing standards between Canada and the US account for fact that IPOs are valued substantially lower in Canada. We consider alternative...

This paper documents pre- and post-IPO (initial public offering) differences in the performance of venture capital financed Israeli companies in comparison with other high-tech firms during the period 1991 to 2000. Using a newly constructed database we find that: the probability of survival...

We empirically examine the effects of venture capital (VC) firms on VC backed listed companies in French Nouveau Marché and Second Marché between 1991 and 2004. While studies in the US market shown a lower underpricing and a better long run performance for VC backed firms, we find that the...

Earnings management at the time of the IPO is an important issue and has captured considerable attention of academic literatures. However, there have been few studies testing earnings management in the context of market condition, and when financial intermediaries such as venture capital (VC)...