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Is Green the New Gold? Venture Capital and Green Entrepreneurship

Mrkajic, Boris - 2017

for the major potential signals, and the alleged selection bias between green and non-green entrepreneurs. We exploit firm … to get VC. Instead, we find that born-to-be-green can be a reliable signal for investors only when entrepreneurs perform …

Persistent link: https://www.econbiz.de/10012969627

The Effect of Venture Capital Backing on the Top Management Quality of Entrepreneurial Firms and Implications for Initial Public Offerings

Chemmanur, Thomas J. - 2017

We make use of hand-collected data on a large sample of entrepreneurial firms to analyze the effect of venture capital (VC) backing on the management quality of firms going public and the effect of both VC-backing and management quality on IPO variables. We hypothesize that VC-backing will be...

Persistent link: https://www.econbiz.de/10012975387

Trademarks in Entrepreneurial Finance

Chemmanur, Thomas J. - 2020

We analyze the role of trademarks in entrepreneurial finance, hypothesizing that trademarks play two important roles: a “protective” role, leading to better product market performance; and an “informational” role, signaling higher firm quality to investors. We develop testable hypotheses...

Persistent link: https://www.econbiz.de/10012852244

Angels, Entrepreneurship, and Employment Dynamics : Evidence from Investor Accreditation Rules

Lindsey, Laura Anne - 2020

This paper examines the effects of a shock to angel finance on entrepreneurial activity and employment. Using U.S. Census data, we estimate the state-level fraction of households that lost accreditation status from Dodd–Frank's elimination of housing wealth in determining accreditation. A...

Persistent link: https://www.econbiz.de/10012854488

Entrepreneurship and the Business Cycle : Stylized Facts from US Venture Capital Activity

Khan, Hashmat U - 2016

We consider US Venture Capital (VC) activity as a measure of entrepreneurship and study its relationship with the … source of funding for entrepreneurs engaging in innovative business creation. We document key stylized facts for VC entry … a bi-directional causality between entrepreneurship and economic activity. A positive shock to VC activity has a …

Persistent link: https://www.econbiz.de/10012988902

Venture Capital, Angel Financing, and Crowdfunding of Entrepreneurial Ventures : A Literature Review

Wallmeroth, Johannes - 2018

Venture capital, angel financing, and crowdfunding have evolved and matured in the entrepreneurial finance market. These market developments have also been accompanied by a growing body of research. In this paper, we provide an overview of a vast body of literature in the field of...

Persistent link: https://www.econbiz.de/10012934020

Entrepreneurial Spawning : Experience, Education, and the Role of Venture Capital

Cumming, Douglas J. - 2015

(VC), and after VC exit. Prior to obtaining VC, entrepreneurs may have started other ventures, worked as a salaried …, start another firm (‘serial entrepreneur'), or become a business angel that invests in other entrepreneurs. Our detailed … data resting on the CrunchBase online database indicate that VC exit systematically spawns serial entrepreneurs only in …

Persistent link: https://www.econbiz.de/10013032317

Product Market Competition, Venture Capital, and the Success of Entrepreneurial Firms

Cumming, Douglas J.; Nguyen, Giang; Nguyen, My - 2021

We document a positive effect of product market competition (PMC) on venture capital (VC) staging. Employing large tariff rate reductions as an exogenous shock to PMC, we find that large tariff reductions lead to a greater likelihood of staged financing and a larger number of financing rounds....

Persistent link: https://www.econbiz.de/10013312441

Governance in Entrepreneurial Ecosystems : Venture Capitalists vs. Technology Parks

Cumming, Douglas J. - 2017

We argue two alternative routes that lead entrepreneurial start-ups to acquisition outcomes instead of liquidation. On one hand, acquisitions can come about through the control route with external financers such as venture capitalists (VCs). VCs take control through their board seats along with...

Persistent link: https://www.econbiz.de/10012949957

Follow the Money : How Venture Capital Facilitates Emigration of Firms and Entrepreneurs in Europe

Braun, Reiner - 2020

foreign VCs influencesfirms' and entrepreneurs' migration patterns. We provide evidence that foreign investors, inparticular … entrepreneurs. These effects are robust toendogenous selection. Our findings suggest that VC firms are a funnel through which high …

Persistent link: https://www.econbiz.de/10012848733