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We use investment-level data to study performance persistence in venture capital (VC). Consistent with prior studies … preferential access raises the quality of subsequent investments, perpetuating performance differences in initial investments …
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VC firm experience only relates positively to performance when outstanding (e.g. 3rd generation fund or above). However …
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stronger among males than females. Further, we examine the causal impact of homophily on team performance. Homophily in … ethnicity increases team performance by lifting teams in bottom quantiles to median performance quantiles, but it does not …
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Leadership transition in private equity firms is an understudied field, despite the important, albeit controversial, role such firms play in developed economies. We analyzed 260 firms in an empirical study, supplemented by qualitative interviews with a small sample of highly experienced LPs and...
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