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 … during 1992-98. 103 of these companies had venture-capital backing at the IPO.The sample is also broken down into firms …-tech sector, venture-capital backing appears to reduce the directors' lock-in periods.This suggests that for UK IPOs venture-capital …