Mull, Rick H.; Winters, Drew B. - In: Journal of Entrepreneurial and Small Business Finance 5 (1996) 3, pp. 287-293
Much of the current research regarding the venture capitalist examines samples of venture capital (VC) backed firms … conclusions. Controlling for the determinants of capital structure, we examine the persistence of previously noted differences in … capital structure choice and find that VC backing does not systematically alter the use of debt by firms. These results …