This paper attempts to extend the Certification Paradigm--mainly used in the literature as an explanation for IPO … to cases of pre-venture-capital start-up firms, along with the practical implications that would follow, efforts are made …

Exit rates provide a simple yet practical measure for evaluating and benchmarking the performance of venture capital … funds. We create a sample of 138 liquidated U.S. venture capital funds and investigate the outcomes of their 4,549 portfolio … exited 19% of portfolio companies through an IPO, 7% through a sale of listed equity, and 23% through mergers or acquisitions …

The paper deals with the issues of investment of hybrid and public venture capital funds. The results show that hybrid … and public venture capital funds in Latvia in most cases are the first investors. Only a smaller part of these investments … are investments of the early stages of funding. The results of our research suggest that venture capital funds with public …

The current article examines the issue of financing the micro-enterprises of Latvia by venture capital funds. It … considers the number of applications submitted by enterprises to venture capital funds, the number of investments and the amount … of the financing granted to enterprises in general and to micro-enterprises in particular. These indicators are compared …

This paper constructs a model of long-run performance for SMEs that have received venture capital backing. The model …

In this study we analyze the IPO exit behavior of venture capitalists (VCs) in the Neuer Markt, the former market for … at the IPO date, the lower is the IPO performance after expiration of the lock-up period. In addition, the firms that … went public in the year 2000 planned their IPO too late in the stock market cycle so that--due to the mandatory lock …

This article analyzes the determinants of the European venture capital market, extending the equilibrium model from … in explaining venture capital. We use aggregated data from the European venture capital market as well as macroeconomic … sale divestments are important determinants in the European venture capital market. …

Despite the evidence on the positive effect of venture capital (VC) on portfolio firm performance, such evidence badly … VC market. We theorize and empirically document that entrepreneurs' human capital background and venture …

The research in small firms financing is characterized by a lack of a theoretical framework. One basic assumption in …

The research in small firms financing is characterized by a lack of a theoretical framework. One basic assumption in …