Venture Capital And Firm Performance

Author : Jaeho Lee
Publisher : Routledge
Page : 236 pages
File Size : 53,6 Mb
Release : 2017-08-15
Category : Business & Economics
ISBN : 9781351666855

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Venture Capital and Firm Performance by Jaeho Lee Pdf

This book provides an analysis of the impact on underpricing and long-term performance of venture capital in IPOs, and of the ownership characteristics of venture capital companies. It investigates the performance of IPOs in Korea during the dot-com bubble-and-bust period. The book looks at venture capital firms and their participation, their reputation, and conflicts of interests, particularly in the context of the development of a new secondary stock market in an emerging market and these factors affect the pricing and performance effects of IPO firms. This book is a useful reference to those interested in promoting an active KOSDAQ type of stock market, and understanding how venture capitalists and their institutional affiliation may reduce information asymmetry and add value of IPO firms.

Author : Phillip Ryan
Publisher : The Rosen Publishing Group, Inc
Page : 82 pages
File Size : 50,5 Mb
Release : 2012-07-01
Category : Juvenile Nonfiction
ISBN : 9781448867950

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How Venture Capital Works by Phillip Ryan Pdf

Explanations to the inner workings of one of the least understood, but arguably most important, areas of business finance is offered to readers in this engaging volume: venture capital. Venture capitalists provide necessary investment to seed (or startup) companies, but the startup is only the beginning, there is much more to be explored. These savvy investors help guide young entrepreneurs, who likely have little experience, to turn their businesses into the Googles, Facebooks, and Groupons of the world. This book explains the often-complex methods venture capitalists use to value companies and to get the most return on their investments, or ROI. This book is a must-have for any reader interested in the business world.

Author : Paola Andrea Schmidt
Publisher : Unknown
Page : 0 pages
File Size : 50,8 Mb
Release : 2024-06-30
Category : Electronic
ISBN : OCLC:1433978758

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Corporate Venture Capital Investments and Firm Performance by Paola Andrea Schmidt Pdf

Corporate Venture Capital Investments have been on the rise in the last years because of their importance for corporate innovation. This master’s thesis aims to determine if Corporate Venture Capital Investments positively impact Firm Performance by promoting innovation. To test the hypotheses that Corporate Venture Capital Investments are positively associated with Firm Performance and if there are factors that moderate or enhance the effect of Corporate Venture Capital investments on Firm Performance, a data set of 30 corporations across the United States between 2010 and 2021 was used. Fixed-Effect Regression Models, hierarchical regression analysis, and the analysis of interaction effects were used for the quantitative part. The results show a statistically significant positive relationship between Corporate Venture Capital Investments and Firm Performance. Also, Firm Size and Leverage moderate the effect of Corporate Venture Capital investments on Firm Performance.

Author : Maik Kleinschmidt
Publisher : Springer Science & Business Media
Page : 297 pages
File Size : 48,9 Mb
Release : 2007-11-09
Category : Business & Economics
ISBN : 9783835095496

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Venture Capital, Corporate Governance, and Firm Value by Maik Kleinschmidt Pdf

Maik Kleinschmidt explores the determinants of venture capitalists’ influence as well as their impact on the corporate governance of portfolio companies and analyses the influence of corporate governance on the companies’ firm value. His findings support the hypothesis that venture capitalists improve the corporate governance of their portfolio companies and that their abilities determine their impact. Moreover, they show the positive impact of good corporate governance on some measures for firm value.

Author : Linda Ann Cyr
Publisher : Unknown
Page : 284 pages
File Size : 43,6 Mb
Release : 1998
Category : Incentives in industry
ISBN : CORNELL:31924082786264

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Vulture Capitalists Or Virtue Capitalists? by Linda Ann Cyr Pdf

Author : Jaeho Lee
Publisher : Routledge
Page : 302 pages
File Size : 42,8 Mb
Release : 2017-08-15
Category : Business & Economics
ISBN : 9781351666848

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Venture Capital and Firm Performance by Jaeho Lee Pdf

This book provides an analysis of the impact on underpricing and long-term performance of venture capital in IPOs, and of the ownership characteristics of venture capital companies. It investigates the performance of IPOs in Korea during the dot-com bubble-and-bust period. The book looks at venture capital firms and their participation, their reputation, and conflicts of interests, particularly in the context of the development of a new secondary stock market in an emerging market and these factors affect the pricing and performance effects of IPO firms. This book is a useful reference to those interested in promoting an active KOSDAQ type of stock market, and understanding how venture capitalists and their institutional affiliation may reduce information asymmetry and add value of IPO firms.

Author : Arvin Ghosh
Publisher : Routledge
Page : 140 pages
File Size : 48,8 Mb
Release : 2017-07-05
Category : Business & Economics
ISBN : 9781351530170

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Capital Structure and Firm Performance by Arvin Ghosh Pdf

Capital structure theory is one of the most dynamic areas of finance and forms the basis for modern thinking on the capital structure of firms. Much controversy has resulted from comparisons of the theory of capital structure originally developed by Franco Modigliani and Merton Miller to real-world situations. Two competing theories have emerged over the years, the optimal capital structure theory and the pecking order theory.Arvin Ghosh begins with an overview of the controversies regarding capital structure theories, and then statistically tests both the optimal capital structure and pecking order theories. Using the binomial approach he analyzes the determinants of capital structure while discussing the role of market power in determining capital structure decisions. Ghosh probes the questions of new stock offerings and stockholders' returns, and analyzes capital structure and executive compensation. He then looks into debt financing ownership structure, and the controversal relationship between capital structure and firm profitability. Finally, he discusses the latest developments in the field of capital structure.A concise overview of a major issue in business economics and finance, this volume provides a fuller understanding of capital structure influence on the financial performance of firms, and will certainly stimulate further debate. While hundreds of scholarly articles have been written on the subject this is the first book to test competing theories against measurements of firms' performance and their underlying capital structure.

Author : Douglas J. Cumming,Sofia A. Johan
Publisher : Academic Press
Page : 786 pages
File Size : 45,9 Mb
Release : 2009-04-02
Category : Business & Economics
ISBN : 9780080917542

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Venture Capital and Private Equity Contracting by Douglas J. Cumming,Sofia A. Johan Pdf

Other books present corporate finance approaches to the VC/PE industry, but many key decisions require an understanding of the ways that law and economics work together. Venture Capital and Private Equity Contracting is better than straight corporate finance textbooks because it offers broad perspectives and principles that enable readers to deduce the economic implications of specific contract terms. This approach avoids the common pitfalls of implying that contractual terms apply equally to firms in any industry anywhere in the world. Explores the economic implications of contract terms for start-up firms in various industries Pairs international data with explanations and examples about differences in VC and PE national and regional markets Contains sample contracts, including limited partnership agreements, term sheets, shareholder agreements, and subscription agreements Presents international datasets on limited partnership agreements between institutional investors and VC and PE funds

Author : KEITH. ARUNDALE
Publisher : Routledge
Page : 252 pages
File Size : 47,5 Mb
Release : 2021-06-30
Category : Investments
ISBN : 1032084790

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Venture Capital Performance by KEITH. ARUNDALE Pdf

European venture capital (VC) funds have historically underperformed their US counterparts. This has resulted in reduced investment into European VC by the traditional institutional investors. This book investigates the factors that give rise to the performance difference. It is based on the author's research at the Adam Smith Business School, University of Glasgow which involved a qualitative study of some 64 VC firms in the UK, continental Europe and the US, supplemented by 40 interviews with other stakeholders, including limited partner investors, corporate venturers, entrepreneurs and advisors. Readers will gain an in-depth understanding of the various structural, operational and wider environmental factors that impact on the performance difference between UK/European and US VC funds. The study is unique in that it provides, for the first time, a holistic and extensive analysis of the entire investment process from sourcing deals to exiting deals specifically contrasting Europe and the US in terms of the variables pertaining to the investment process and the impact on the fund performance. Factors impacting on the performance differential are structural, resulting from characteristics of the funds themselves, operational such as the investment practices of the VC firms which manage the funds and environmental such as culture and attitude to risk and the wider ecosystem in which the funds operate. These factors are set out clearly for the reader. The characteristics of the better performing funds in Europe and the US are also investigated. The book is aimed at academics who are researching venture capital fund performance and investment practices and also at practitioners, advisors and policymakers who want to learn about best VC investment practices. Whilst the book is focused on European and US VC investing, the best practices are also pertinent for VC firms and funds setting up in other geographies, particularly in emerging markets. To this end, best practice guidelines based on the research are included.

Author : Douglas Cumming
Publisher : John Wiley & Sons
Page : 604 pages
File Size : 48,8 Mb
Release : 2010-04-29
Category : Business & Economics
ISBN : 9780470599754

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Venture Capital by Douglas Cumming Pdf

An essential guide to venture capital Studies have shown that venture capital backed entrepreneurial firms are on average significantly more successful than non-venture capital backed entrepreneurial firms in terms of innovativeness, profitability, and share price performance upon going public. Understanding the various aspects of venture capital is something anyone in any industry should be familiar with. This reliable resource provides a comprehensive view of venture capital by describing the current state of research and best practices in this arena. Issues addressed include sources of capital-such as angel investment, corporate funds, and government funds-financial contracts and monitoring, and the efficiency implications of VC investment, to name a few. Opens with a review of alternative forms of venture capital Highlights the structure of venture capital investments Examines the role venture capitalists play in adding value to their investee firms This informative guide will help you discover the true potential of venture capital.

Author : Sean F. Everton
Publisher : Unknown
Page : 270 pages
File Size : 41,8 Mb
Release : 2007
Category : Electronic
ISBN : STANFORD:36105128086217

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To Have and Have Not by Sean F. Everton Pdf

Author : Hans Landstr”m,Colin Mason
Publisher : Edward Elgar Publishing
Page : 305 pages
File Size : 54,9 Mb
Release : 2012-01-01
Category : Business & Economics
ISBN : 9781781009116

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Handbook of Research on Venture Capital by Hans Landstr”m,Colin Mason Pdf

ÔThis exciting second volume of cutting-edge research on venture capital takes up where volume one leaves off, bringing greater depth to topics covered in the first volume (such as angel investing) and adding new topics and insights. It poses interesting questions such as Ð Is venture capital in crisis? Are new models of early investing needed? Ð and offers carefully researched answers. Landstršm and Mason provide insightful commentary and skillfully pinpoint the contributions of a talented set of researchers. Both scholars and practitioners of venture capital will want to read this book.Õ Ð Harry J. Sapienza, University of Minnesota, US ÔThe second edition of the Handbook of Research on Venture Capital provides an important guidepost for venture capital researchers. As Landstršm and Mason point out, the nature of venture capital has changed dramatically over the last ten years. The asset class as a whole has failed to return principal and the old model is under tremendous strain. The contributors nicely highlight many of these changes, especially how venture capital has scaled beyond the US. For those of us active in venture capital research, the chapters raise many interesting research questions that deserve further attention.Õ Ð Andrew Zacharakis, Babson College, US This Handbook charts the development of venture capital research in light of the global financial crisis, starting with an analysis of the current venture capital market and the changing nature of the business angel market. Looking at governance structures, the performance of venture capitalists in terms of investments, economic impact and human capital, and the geographical organization of business angels and venture capital global ÔhotspotsÕ, this book also analyses the current state of venture capital research and offers a roadmap for the future.

Author : Everest Media
Publisher : Everest Media LLC
Page : 43 pages
File Size : 50,8 Mb
Release : 2022-02-24T17:26:00Z
Category : Business & Economics
ISBN : 9781669346975

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Summary of Robert Finkel & David Geisingr's The Masters of Private Equity and Venture Capital by Everest Media Pdf

"Please note: This is a companion version & not the original book. Sample Book Insights: #1 The private-equity industry consists of a group of firms that use their own money to purchase companies and attempt to improve their performance. They accomplish this by implementing management techniques and tactics to enhance firm performance. #2 The amount of capital committed to private equity funds has grown exponentially over the past quarter century. Private equity enjoyed its first boom during the 1980s, and by the late 1990s, the amount of capital committed to private equity was at an all-time high. #3 Private equity involves taking a company that is publicly traded and making it private, thereby giving the managers more control and flexibility. #4 The third technique is known as governance engineering, and it refers to the increased involvement of private equity firms in the governance of their portfolio companies compared to the board of directors of public companies."

Author : Kevin Rudolph
Publisher : GRIN Verlag
Page : 29 pages
File Size : 47,8 Mb
Release : 2015-06-02
Category : Technology & Engineering
ISBN : 9783656972112

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Investigating the relative financial performance of Venture Capital Firms with objective modified TOPSIS approach by Kevin Rudolph Pdf

Bachelor Thesis from the year 2013 in the subject Engineering - Industrial Engineering and Management, grade: 2,0, Karlsruhe Institute of Technology (KIT), language: English, abstract: Venture Capital Firms (VCFs) are agents boosting the process of technology commercialization. They provide young and technology-oriented companies with private equity for a long term. Furthermore, they manage the Venture Capital funds and provide portfolio companies with managerial support. To date, there has not been utilized an adequate analytical model that simply, effectively and objectively measures the VCF's corporate financial performance in comparison to their competitors. In this analytical study we make use of the modified TOPSIS with objective weights (mTOPSISow) (Deng et al., 2000) for inter-company comparison of VCFs to evaluate their relative corporate financial performance and to identify influential Financial Performance Indicators (FPIs). Furthermore, we test and apply mTOPSISow on a sample of five large German VCFs. We come to the result that there is a high discrepancy regarding to the performances of the examined VCFs. Every VCF is geometrically more or less far away from a potential top achievement. Three out of four FPIs are nearly equally important for the final result, whereas one FPI is not influential. Consequently, this study is useful for individual VCFs to identify their relative financial performance and areas of improvement in an objective and simple way.

Author : Mahendra Ramsinghani
Publisher : John Wiley & Sons
Page : 297 pages
File Size : 54,5 Mb
Release : 2011-09-07
Category : Business & Economics
ISBN : 9781118130407

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The Business of Venture Capital by Mahendra Ramsinghani Pdf

The definitive guide demystifying the venture capital business The Business of Venture Capital covers the entire spectrum of a venture capital business, from raising venture funds to structuring investments, value creation as board member and assessing exit pathways. Author Mahendra Ramsinghani covers the distinct aspects of the venture capital fund raising and investment process with insights and perspectives from leading experts. Interviewees include Limited Partners (LPs) such as Credit Suisse, Grove Street Advisors and General Partners (GPs) from Foundry Group, Spark Capital, Benchmark Capital, Norwest Venture Partners, Shasta Ventures and Bessemer Venture Partners. If you’re curious about venture capital businesses, you’ve found the only book that covers it all. • The first book to address the full investment cycle of the venture capital business • Demystifies the key aspects of the business - raising venture funds, fund-level due diligence and fund terms, structuring investments, value creation, and exits • Foreword by Mark Heesen, President, National Venture Capital Association • Benefit from the experiences of the best-in-class practitioners, who have made investments in leading companies like Zynga, Twitter & Foursquare • Describes how venture capital is an art as well as a science In-depth and thorough, The Business of Venture Capital is the one book that includes insights, tools and real world examples every practitioner can benefit from.