Entrepreneurial finance: an overview of the issues and evidence

DJ Denis - Journal of corporate finance, 2004‏ - Elsevier
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 …

Challenges and dynamics of FinTech crowd funding: An innovation system approach

J Wonglimpiyarat - The Journal of High Technology Management …, 2018‏ - Elsevier
FinTech crowd funding mechanism has gained popularity as an alternative of
entrepreneurial financing worldwide. This paper reviews the challenges and dynamics of …

A theory of ICOs: Diversification, agency, and information asymmetry

J Chod, E Lyandres - Management Science, 2021‏ - pubsonline.informs.org
This paper develops a theory of financing of entrepreneurial ventures via crypto tokens,
which is not limited to platform-based ventures. We compare token financing with traditional …

The impact of venture capital monitoring

S Bernstein, X Giroud, RR Townsend - The Journal of Finance, 2016‏ - Wiley Online Library
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 …

Financial contracting theory meets the real world: An empirical analysis of venture capital contracts

SN Kaplan, P Strömberg - The review of economic studies, 2003‏ - academic.oup.com
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 …

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 …

Characteristics, contracts, and actions: Evidence from venture capitalist analyses

SN Kaplan, PER Strömberg - The journal of finance, 2004‏ - Wiley Online Library
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 …

Formal institutions, culture, and venture capital activity: A cross-country analysis

Y Li, SA Zahra - Journal of business venturing, 2012‏ - Elsevier
Why does the level of venture capital activity vary across countries? This study suggests that
the variation can be attributed to the different levels of formal institutional development …

How does venture capital financing improve efficiency in private firms? A look beneath the surface

TJ Chemmanur, K Krishnan… - The Review of Financial …, 2011‏ - academic.oup.com
Abstract We use the Longitudinal Research Database (LRD) of the US Census Bureau,
which covers the entire universe of private and public US manufacturing firms, to study …

Who are the active investors?: Evidence from venture capital

L Bottazzi, M Da Rin, T Hellmann - Journal of financial economics, 2008‏ - Elsevier
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 …