The entrepreneur's choice of a venture capital firm: Empirical evidence from two VC fund portfolios

被引：7

作者：

Andrieu, Guillaume ^{[1
]}

Stagliano, Raffaele ^{[1
]}

机构：

[1] Montpellier Business Sch, 2300 Ave Moulins, F-34185 Montpellier 4, France

来源：

FINANCE RESEARCH LETTERS | 2016年 / 17卷

关键词：

Venture capital; Entrepreneurial finance; Banking; CONTRACTS; BANKS;

D O I：

10.1016/j.frl.2016.03.008

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We examine the determinants of entrepreneurs' choices between an independent and a bank-affiliated venture capital firm operating in the same region of France. We find empirical support for a significant impact of the firm's support quality and the venture's liquidation value. (C) 2016 Elsevier Inc. All rights reserved.

引用

页码：141 / 145

页数：5

共 9 条

[1] THE IMPACT OF THE AFFILIATION OF VENTURE CAPITAL FIRMS: A SURVEY [J].

Andrieu, Guillaume .

JOURNAL OF ECONOMIC SURVEYS, 2013, 27 (02) :234-246

[2] Entrepreneurs' financing choice between independent and bank-affiliated venture capital firms [J].

Andrieu, Guillaume ;

Groh, Alexander Peter .

JOURNAL OF CORPORATE FINANCE, 2012, 18 (05) :1143-1167

[3] Venture capital and the structure of capital markets: banks versus stock markets [J].

Black, BS ;

Gilson, RJ .

JOURNAL OF FINANCIAL ECONOMICS, 1998, 47 (03) :243-277

[4] Adverse selection and capital structure: Evidence from venture capital [J].

Cumming, D .

ENTREPRENEURSHIP THEORY AND PRACTICE, 2006, 30 (02) :155-183

[5] Building relationships early: Banks in venture capital [J].

Hellmann, Thomas ;

Lindsey, Laura ;

Puri, Manju .

REVIEW OF FINANCIAL STUDIES, 2008, 21 (02) :513-541

[6] Characteristics, contracts, and actions:: Evidence from venture capitalist analyses [J].

Kaplan, SN ;

Strömberg, P .

JOURNAL OF FINANCE, 2004, 59 (05) :2177-2210

[7] INSIDERS AND OUTSIDERS - THE CHOICE BETWEEN INFORMED AND ARMS-LENGTH DEBT [J].

RAJAN, RG .

JOURNAL OF FINANCE, 1992, 47 (04) :1367-1400

[8] THE STRUCTURE AND GOVERNANCE OF VENTURE-CAPITAL ORGANIZATIONS [J].

SAHLMAN, WA .

JOURNAL OF FINANCIAL ECONOMICS, 1990, 27 (02) :473-521

[9] What do economists tell us about venture capital contracts? [J].

Tykvova, Tereza .

JOURNAL OF ECONOMIC SURVEYS, 2007, 21 (01) :65-89

← 1 →