Krishnan, C. N. V.; Ivanov, Vladimir I.; Masulis, Ronald W. - In: Journal of Financial and Quantitative Analysis 46 (2011) 05, pp. 1295-1333
We examine the association of a venture capital (VC) firm’s reputation with the post-initial public offering (IPO) long-run performance of its portfolio firms. We find that VC reputation, measured by the past market share of VC-backed IPOs, has significant positive associations with long-run...