Renneboog, Luc; Espenlaub, S.; Goergen, M.; Khurshed, A. - Tilburg University, Center for Economic Research - 2002
This paper examines the impact of venture-capital backing of UK companies issuing shares at flotation on the characteristics of the lock-in agreements entered into by the existing shareholders, and on the abnormal returns realised around the expiry of the directors' lock-in agreements.The study...