Tang, Qingquan; Li, Wenfei - In: China journal of accounting research : CJAR 11 (2018) 1, pp. 33-50
whether VC/PEs convey information content in the M&A market and whether acquirers can use such information to identify high …-quality targets. We show that VC/PEs have significant information content and can signal high-quality target companies via …/PE "certification" is more significant. The better reputation a VC/PE has, the more information it conveys. Syndicate VC/PEs convey …
