T Tykvová - Journal of Business Economics, 2018 - Springer
This paper surveys the growing body of recent literature on venture capital (VC) and private equity (PE) and formulates an agenda for future research. Specifically, it covers and …
We show that investors derive nonpecuniary utility from investing in dual-objective Venture Capital (VC) funds, thus sacrificing returns. Impact funds earn 4.7 percentage points (ppts) …
M Ewens, J Farre-Mensa - The Review of Financial Studies, 2020 - academic.oup.com
The deregulation of securities laws—in particular the National Securities Markets Improvement Act (NSMIA) of 1996—has increased the supply of private capital to late-stage …
M Da Rin, T Hellmann, M Puri - Handbook of the Economics of Finance, 2013 - Elsevier
This survey reviews the growing body of academic work on venture capital. It lays out the major data sources used. It examines the work on venture capital investments in companies …
The unique regulation of US public pension funds links their liability discount rate to the expected return on assets, which gives them incentives to invest more in risky assets in …
Private equity (PE) performance is persistent, with PE firms consistently producing high (or low) net-of-fees returns. We use a new variance decomposition model to isolate three …
S Ma - The Review of Financial Studies, 2020 - academic.oup.com
This paper investigates why industrial firms conduct Corporate Venture Capital (CVC) investment in entrepreneurial companies. I test alternative views on CVC by exploiting the …
We create a novel dataset to examine the recent rise in dual-class IPOs. We document that dual-class firms have different types of controlling shareholders and wedges between voting …
The growth of the private equity industry has spurred concerns about its impact on the economy. This analysis looks across nations and industries to assess the impact of private …