Equity financing in entrepreneurship primarily includes venture capital, corporate venture
capital, angel investment, crowdfunding, and accelerators. We take stock of venture …

This article provides an overview of the rapidly growing entrepreneurial finance literature.
The studies reviewed in the article focus on four primary areas of inquiry:(i) alternative …

We show that venture capitalists'(VCs) on‐site involvement with their portfolio companies
leads to an increase in both innovation and the likelihood of a successful exit. We rule out …

We compare the characteristics of real-world financial contracts to their counterparts in
financial contracting theory. We do so by studying the actual contracts between venture …

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 …

We study the investment analyses of 67 portfolio investments by 11 venture capital (VC)
firms. VCs describe the strengths and risks of the investments as well as expected …

ABSTRACT I find that companies funded by more experienced VCs are more likely to go
public. This follows both from the direct influence of more experienced VCs and from sorting …

This paper examines the determinants and consequences of investor activism in venture
capital. Using a hand-collected sample of European venture capital deals, it shows the …

To obtain more funds from the institutional investors, private equity (PE) fund managers may
report inflated valuations of private investee companies that are not yet sold. However, such …

We relate the property rights theory of the firm to empirical regularities in the market for
mergers and acquisitions. We first show that high market‐to‐book acquirers typically do not …