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In the last few decades, we have developed a substantial body of knowledge about CEO succession. However, none of the past studies of succession has examined the very first succession event in a firm, when the Founder-CEO is replaced. There are at least four critical differences between...
Persistent link: https://www.econbiz.de/10014133687
We study how entrepreneurs evaluate the ability of different U.S. venture capitalists (VCs) to add value to start …-up companies. Analyzing a large dataset on entrepreneurs' stated preferences on VCs, we show that entrepreneurs view independent … entrepreneurs are able to correctly identify the VCs with better track record, they do not believe that such VCs have a higher …
Persistent link: https://www.econbiz.de/10013157045
received a response rate of 26% to questionnaires sent to 593 VC-backed entrepreneurs in Sweden. The study complements the …
Persistent link: https://www.econbiz.de/10012921480
We investigate the manifold posed question: To what extent does investment in human and social capital, besides the effect of talent, enhance entrepreneurial performance? We distinguish between three different performance measures: survival, profits, and generated employment. On the basis of the...
Persistent link: https://www.econbiz.de/10010324773
We investigate the manifold posed question: To what extent does investment in human and social capital, besides the effect of talent, enhance entrepreneurial performance? We distinguish between three different performance measures: survival, profits, and generated employment. On the basis of the...
Persistent link: https://www.econbiz.de/10011326404
In this study, we perform a meta-analysis on existing research covering the relationship between a venture capitalist's involvement (VCI) and the performance (P) of funded firms. As research on this topic has been inconclusive, we aim to determine whether providers of venture capital (VC) only...
Persistent link: https://www.econbiz.de/10012213477
We use investment-level data to study performance persistence in venture capital (VC). Consistent with prior studies, we find that each additional IPO among a VC firm's first ten investments predicts as much as an 8% higher IPO rate on its subsequent investments, though this effect erodes with...
Persistent link: https://www.econbiz.de/10011876728
Despite the sometimes intensive media coverage and exuberant storytelling around the industry, venture capital (VC) investors tend to operate in highly opaque markets. On this premise, this work contributes to the literature via a hand-collected dataset of about 3,600 EIF-backed VC investments...
Persistent link: https://www.econbiz.de/10011863286
Evidence shows that social network structures drive important economic outcomes. Building on social network theory, this study is the first to analyse the impact of team networks on venture success. Using information about team affiliations for a sample of token-financed startups, we model...
Persistent link: https://www.econbiz.de/10014348850
We provide empirical evidence of the post-investment performance and survivorship profile of angel-backed companies, filling a long-standing gap within the entrepreneurial finance literature. Using a unique database of 111 angel-backed companies that received angel investments between 2008 and...
Persistent link: https://www.econbiz.de/10012853731