Signaling in equity crowdfunding

GKC Ahlers, D Cumming, C Günther… - … theory and practice, 2015 - journals.sagepub.com
This paper presents a first–ever empirical examination of the effectiveness of signals that
entrepreneurs use to induce (small) investors to commit financial resources in an equity …

What do we know about startup-valuation drivers? A systematic literature review

M Berre, B Le Pendeven - Venture Capital, 2023 - Taylor & Francis
Startup-valuation is a critical area of research within entrepreneurial finance, but research
on this topic is less consistent and thorough than overall valuation research. Peer-reviewed …

A survey of venture capital research

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 …

Making sense of entrepreneurial exit strategies: A typology and test

DR DeTienne, A McKelvie, GN Chandler - Journal of Business Venturing, 2015 - Elsevier
Entrepreneurial exit is a major event in the development of a venture. However, we have
little understanding of the factors that drive the development of an important pre-cursor to …

Outside enterpreneurial capital

A Cosh, D Cumming, A Hughes - The Economic Journal, 2009 - academic.oup.com
This article investigates factors that affect rejection rates in applications for outside finance
among different types of investors (banks, venture capital funds, leasing firms, factoring …

Contracts and exits in venture capital finance

D Cumming - The Review of Financial Studies, 2008 - academic.oup.com
Using a sample of European venture capital (VC) investments, I study the relation between
VC contracts and exits. The data indicate that ex ante, stronger VC control rights increase …

Entrepreneurial exits and innovation

VA Aggarwal, DH Hsu - Management Science, 2014 - pubsonline.informs.org
We examine how initial public offerings (IPOs) and acquisitions affect entrepreneurial
innovation as measured by patent counts and forward patent citations. We construct a firm …

Legality and venture capital exits

D Cumming, G Fleming, A Schwienbacher - Journal of Corporate Finance, 2006 - Elsevier
This paper introduces an analysis of the impact of Legality on the exiting of venture capital
investments. We consider a sample of 468 venture-backed companies from 12 Asia-Pacific …

[HTML][HTML] Demystifying massive and rapid business scaling–An explorative study on driving factors in digital start-ups

F Lange, N Tomini, F Brinkmann, DK Kanbach… - … Forecasting and Social …, 2023 - Elsevier
This study explores the concept of massive and rapid business scaling (MRBS) in the
context of digital start-ups by identifying 20 factors clustered into seven core drivers. Through …

The determinants of venture capital portfolio size: empirical evidence

DJ Cumming - The Journal of Business, 2006 - JSTOR
This paper explores factors that affect portfolio size among a sample of venture capital
financing data from 214 Canadian funds. Four categories of factors affect portfolio size:(1) …