Venture Capital and Firm Performance

Venture Capital and Firm Performance PDF

Author: Jaeho Lee

Publisher: Routledge

Published: 2017-08-15

Total Pages: 302

ISBN-13: 1351666843

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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.

Venture Capital and Firm Performance

Venture Capital and Firm Performance PDF

Author: Jaeho Lee

Publisher: Routledge

Published: 2017-08-15

Total Pages: 236

ISBN-13: 1351666851

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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.

How Venture Capital Works

How Venture Capital Works PDF

Author: Phillip Ryan

Publisher: The Rosen Publishing Group, Inc

Published: 2012-07-01

Total Pages: 82

ISBN-13: 1448867959

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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.

Intellectual Capital

Intellectual Capital PDF

Author: Thomas A. Stewart

Publisher: Crown Currency

Published: 2010-09-22

Total Pages: 316

ISBN-13: 0307765857

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Visionary in scope, Intellectual Capital is the first book that shows how to turn the untapped knowledge of an organization into its greatest competitive weapon. Thomas A. Stewart demonstrates how knowledge--not natural resources, machinery, or financial capital--has become the most important factor in economic life. Through practical advice, stories, and case histories, Stewart reveals how organizations and individuals can create and use the knowledge assets they need. Dazzling in its ability to make conceptual sense of the economic revolution we are living through, this ingenious book cuts through the vague rhetoric of "paradigm shifts" to show how the Information Age economy really works. Intellectual Capital should be read as if the futures of your company and your career depend on it. They do.

Venture Capital

Venture Capital PDF

Author: Douglas Cumming

Publisher: John Wiley & Sons

Published: 2010-04-29

Total Pages: 604

ISBN-13: 0470599758

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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.

Venture Capital Performance

Venture Capital Performance PDF

Author: KEITH. ARUNDALE

Publisher: Routledge

Published: 2021-06-30

Total Pages: 252

ISBN-13: 9781032084794

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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.

Corporate Venture Capital Investments and Firm Performance

Corporate Venture Capital Investments and Firm Performance PDF

Author: Paola Andrea Schmidt

Publisher:

Published:

Total Pages: 0

ISBN-13:

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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.

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

Summary of Robert Finkel & David Geisingr's The Masters of Private Equity and Venture Capital PDF

Author: Everest Media

Publisher: Everest Media LLC

Published: 2022-02-24T17:26:00Z

Total Pages: 43

ISBN-13: 1669346978

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"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."

Venture Capital, Corporate Governance, and Firm Value

Venture Capital, Corporate Governance, and Firm Value PDF

Author: Maik Kleinschmidt

Publisher: Springer Science & Business Media

Published: 2007-11-09

Total Pages: 297

ISBN-13: 3835095498

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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.