Xu, Xiaoqing Eleanor - In: Journal of Entrepreneurial Finance 9 (2004) 3, pp. 61-76
For the past fifty years in the United States, venture capital (VC) has provided initial funding to innovative … entrepreneurial enterprises, while the European venture capital industry has only really emerged over the past decade. Using quarterly … data from 1993 to 2003, this paper examines and compares the return and risk performance of venture capital funds in US and …