up in contrast, the probability of exit via trade sales and the. Contrary to perceived wisdom, there is no difference in the likelihood latex thesis pictures or profitability of IPOs between European and US deals from the same vintage year. We examine the determinants of success in venture capital transactions using the largest deal-level data set to date, with special emphasis on comparing European to US transactions. Furthermore, when venture capitalists sell shares in the IPO there is positive concave parabolic association between the selling decision and the post-IPO long-run market performance. Association of insiders selling decision of VC-backed initial public offerings (IPOs) with the post-IPO long-run performance is analyzed.
The fact that repeat or serial entrepreneurs are less common in Europe and that European VCs lag US VCs in terms of experience completely explains any difference in performance between Europe and the. Please use this identifier to cite or link to this item: t/10603/160109. Evidence on selling decision of venture capitalists confirms the importance of reputation as a factor affecting insiders selling decisions. I find that the selling decision by insiders, measured as a fraction of shares sold by the selling stockholders to total shares sold in the offering, has significant positive association with the long-run profitability and negative association with the risk after the IPO. Theses and make it available to the entire scholarly community in open access. Show full item record. However, European trade sales are less likely and less profitable than US trade sales. PhD thesis, The London School of Economics and Political Science (LSE). However, venture capitalists selling of over-allotted shares and stock redemptions are not associated with superior post-IPO performance.
Initially fund a venture or to provide a venture with additional financing (Dean. In his doctoral dissertation (1998 and a number of subsequent publications. And I would definitely google other Master or PhD Theses on this topic. Startu p needs and perceptions towards venture capital firms, VC firm Case Study.