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We study the relationship between buyout and venture capital (VC) funds' returns, and more typically available proxies - exits via M&A or IPO. We further explore the effects of filters on the selection of M&As and IPOs (to emphasize successes), on the relationship. We show that some of these...
Persistent link: https://www.econbiz.de/10014238326
follow in order to liquidate the investment. Once the exit is over, the investor can measure the performance of the … investment in several ways. The article presents the entire exit process and performance measurement of the investment. …
Persistent link: https://www.econbiz.de/10010679631
popular support for business-friendly policies. This can lead to long-term reductions in aggregate investment, productivity …
Persistent link: https://www.econbiz.de/10011794581
countries:the desire to share risk and increase portfolio diversification is more important than the desire to access additional …
Persistent link: https://www.econbiz.de/10005111273
popular support for business-friendly policies. This can lead to long-term reductions in aggregate investment, productivity …
Persistent link: https://www.econbiz.de/10011436675
and payroll expenses in 761 European technology companies from the year of initial venture capital investment up to seven …
Persistent link: https://www.econbiz.de/10013008741
We study the dynamic implications of capital investment in innovative capacity (IC) on future stock returns, investment …, and profitability by modeling the unique effects of IC investment on uncertain option generation/exercise and post …-exercise revenue. The model highlights the diverse effects of IC investment on expected returns in different post-investment regimes …
Persistent link: https://www.econbiz.de/10013014420
This paper investigates why industrial firms conduct Corporate Venture Capital (CVC) investment in entrepreneurial … companies. I test alternative views on CVC by exploiting the entry, investment, and termination decisions of CVC divisions. CVC … entry concentrates in firms that experience deteriorations of internal innovation. At the investment stage, CVCs select …
Persistent link: https://www.econbiz.de/10012903821
, while LPs wish to play a more passive role. More broadly, we find that the investment context, particularly the target …
Persistent link: https://www.econbiz.de/10013230682
This paper investigates the compensation and growth dynamics of private equity firms. Using proprietary data, I estimate that about half of their revenue is performance-related and find that current fund performance also has indirect effects on firms’ future revenue. The dynamics of these...
Persistent link: https://www.econbiz.de/10013405195