Similar Search Results

Alperovych, Yan - 2020

We investigate whether syndication networks among banks influence the financing of leveraged buyouts (LBO). We find … that lead banks serve as important intermediaries between the supply (banks in an LBO loan syndicate) and demand (targets … asymmetries between the parties involved, especially when prior bank-borrower relationships are weak or non-existent. Banks that …

Persistent link: https://www.econbiz.de/10012854213

An Assessment of Government Funding of Business Angel Networks in Flanders

Collewaert, Veroniek; Manigart, Sophie; Aernoudt, Rudy - 2015

The paper evaluates whether government intervention through the subsidization of business angel networks (BANs) enhances regional economic growth in Flanders, Belgium. It shows that, firstly, BANs reduce the information and financing problems entrepreneurial companies face. Secondly, that these...

Persistent link: https://www.econbiz.de/10014187286

Follow-On Financing of Venture Capital Backed Companies

Vanacker, Tom R. - 2016

High growth entrepreneurial companies need external financial resources as their internally generated cash flows are typically smaller than their investment opportunities, but they may be faced with finance constraints due to market imperfections, such as asymmetric information and transaction...

Persistent link: https://www.econbiz.de/10013008737

The Role of Domestic and Cross-Border Venture Capital Investors in the Growth of Portifolio Companies

Devigne, David - 2016

This paper studies how the presence of cross-border as opposed to domestic venture capital investors is associated with the growth of portfolio companies. For this purpose, we use a longitudinal research design and track sales, total assets and payroll expenses in 761 European technology...

Persistent link: https://www.econbiz.de/10013008741

Firm Valuation in Venture Capital Financing Rounds : The Role of Investor Bargaining Power

Heughebaert, Andy - 2016

This study explores the impact of bargaining power of venture capital (VC) firms on the valuation of their portfolio companies. We argue that VC firm types with greater bargaining power vis-à-vis the entrepreneur negotiate lower valuations compared to VC firm types with less bargaining power....

Persistent link: https://www.econbiz.de/10013008748

Relocation to Get Venture Capital : A Resource Dependence Perspective

De Prijcker, Sofie - 2017

Using a resource dependence perspective, we theorize and show that non-venture-capital-backed ventures founded in U.S. states with a lower availability of venture capital (VC) are more likely to relocate to California (CA) or Massachusetts (MA) — the two VC richest states — compared to...

Persistent link: https://www.econbiz.de/10012947839

Investment timing, risk, uncertainty, and return : Evidence from venture capital backed IPOs

Manigart, Sophie; Mulier, Klaas; Verplancke, Frederik - 2021

We explain the returns obtained on venture capital (VC) investments in all VC backed companies going public in the U.S. between 2003 and 2017. Using a unique data set of 1,921 investor-IPO returns, we show that later investments obtain higher returns, even after controlling for observed and...

Persistent link: https://www.econbiz.de/10013243731

Relocation to get venture capital : a resource dependence perspective

De Prijcker, Sofie; Manigart, Sophie; Collewaert, Veroniek - In: Entrepreneurship theory and practice : ET&P 43 (2019) 4, pp. 697-724

Persistent link: https://www.econbiz.de/10012023311

Institutional frameworks, venture capital and the financing of European new technology-based firms

Vanacker, Tom; Heughebaert, Andy; Manigart, Sophie - In: Corporate governance : an international review 22 (2014) 3, pp. 199-215

Persistent link: https://www.econbiz.de/10010384732

Digitization in the market for entrepreneurial finance : innovative business models and new financing channels

Bertoni, Fabio; Bonini, Stefano; Capizzi, Vincenzo; … - In: Entrepreneurship theory and practice : ET&P 46 (2022) 5, pp. 1120-1135

Persistent link: https://www.econbiz.de/10013389309