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that it is in their best interest to remain private as long as possible. Second, we show how the decline of IPOs has led …
Persistent link: https://www.econbiz.de/10013063416
This survey reviews the growing body of academic work on venture capital. It lays out the major data sources used. It examines the work on venture capital investments in companies, looking at issues of selection, contracting, post-investment services, and exits. The survey considers recent work...
Persistent link: https://www.econbiz.de/10014025556
). We argue that hard to value firms conduct smaller IPOs, and that they return to the equity market conditional on positive … strong support for these arguments in a sample of 2,143 U.S. IPOs between 1981-2014. Hard to value firms conduct smaller IPOs …
Persistent link: https://www.econbiz.de/10012264902
' reliance on all-star analysts to boost market liquidity. We conclude that institutions facilitate VC exits in the secondary …
Persistent link: https://www.econbiz.de/10012854778
localized competition. Even though a large number of investment banks compete for IPOs, if issuers care about non … VC-backed IPOs. Consistent with this theory, we find that VC-backed IPOs are much more underpriced when they have …
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