Startup valuation in the venture capital (VC) context is often said to be more art than science.
In view of this, it is particularly important to be aware of and understand the different …

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 …

When they lack resources to commercialize science, entrepreneurs rely on intermediary
organizations often within their local ecosystems. This paper seeks to improve our …

Abstract Using a new European Union-sponsored firm-level longitudinal dataset, we assess
the impact of government-managed (GVC) and independent venture capital (IVC) funds on …

We analyze the impact of institutional and cultural differences on success in global venture
capital (VC) investing. In both developed and emerging economies, superior legal rights …

A long stream of research has documented the positive effects that patents bring about to
emerging firms in high technology industries. The general consensus is that patents …

Valuating start-ups, especially at early stages, is a challenge given the lack of historical data
and many uncertain factors about the future. This article presents a methodology for the …

In this study, we explore the implications of institutional investor distraction for earnings
management. Our identification approach relies on a firm-level measure of institutional …

Because of the recent surge in the number of unicorns and their role in spurring
entrepreneurship and social impacts, venture capitalists, entrepreneurs, and regulators are …

We document the wide dispersion of private equity investment returns and examine
performance determinants using a newly constructed database of 7,500 investments …