Showing 121 - 130 of 154,055
This research explores evidence of corporate capabilities for conducting acquisition and alliance deals in young firms …
Persistent link: https://www.econbiz.de/10013148405
Black & Gilson (1998) argued that an IPO-welcoming stock market stimulates venture deals by enabling VCs to give founders a valuable “call option on control”. We study 18,000 startups to investigate the value of this option. Among firms that IPO, 60% of founders are no longer CEO. With...
Persistent link: https://www.econbiz.de/10011923697
This paper examines how ownership characteristics affect the performance of small and medium technology startups in Russia. We focus on how different types of owners (e.g. founders, state, venture capital and corporate firms) contribute to startup performance. Using an unbalanced panel of...
Persistent link: https://www.econbiz.de/10012847473
We employ agency theory to argue that the effects of family (and founder) ownership vs. management will be quite different: the former is expected to contribute positively to performance, the latter is argued to erode performance. Previous studies, due to problems of multicollinearity have been...
Persistent link: https://www.econbiz.de/10013094669
entrepreneurship is affected. By exploiting the variation across entrepreneurs' reactions to the two announcements of Amazon's new … funding or acquisition targets of Amazon are more likely to be established in one of those 20 cities. After the winning cities …
Persistent link: https://www.econbiz.de/10012897520
In many ways, China is the new frontier for entrepreneurship; perceived to be: a logical primary source of economical …
Persistent link: https://www.econbiz.de/10013111625
There is now extensive evidence on short-term performance improvements in buy-outs, but little relating to the longer …-term. This paper examines the relatively neglected area of the longevity and longer-term effects of smaller buy-outs. In terms of … longevity, the evidence presented shows that the majority remain as independent buy-outs for at least eight years after the …
Persistent link: https://www.econbiz.de/10011310367
There is now extensive evidence on short-term performance improvements in buy-outs, but little relating to the longer …-term. This paper examines the relatively neglected area of the longevity and longer-term effects of smaller buy-outs. In terms of … longevity, the evidence presented shows that the majority remain as independent buy-outs for at least eight years after the …
Persistent link: https://www.econbiz.de/10010790670
Persistent link: https://www.econbiz.de/10014390555
We show that Venture Capital (VC)-backed targets receive a significantly higher fraction of stock and a greater likelihood of all-stock offers than non-VC-backed targets, even after controlling for self-selection bias, differences between VC-backed and non-VC-backed targets, and VC information...
Persistent link: https://www.econbiz.de/10012890795