Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/159452
Authors: 
Bottazzi, Laura
Da Rin, Marco
Hellmann, Thomas
Year of Publication: 
2007
Series/Report no.: 
Quaderni - Working Paper DSE 611
Abstract: 
are the active investors? Evidence from Venture Capital Abstract: 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 importance of human capital. Venture capital firms with partners that have prior business experience are more active recruiting managers and directors, helping with fundraising, and interacting more frequently with their portfolio companies. Independent venture capital firms are also more active than 'captive' (bank-, corporate-, or government-owned) firms. After controlling for endogeneity, investor activism is shown to be positively related to the success of portfolio companies.
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by-nc/3.0/
Document Type: 
Working Paper

Files in This Item:
File
Size
319.49 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.