Do Venture Capitalists Add Value to Small Manufacturing Firms? An Empirical Analysis of Venture and Nonventure Capital-Backed Initial Public Offerings

Journal of Small Business Management

Volumn 42, Issue 1, 2004, Pages 78-92

  Brau, James C ^a   Brown, Richard A ^d   Osteryoung, Jerome S ^b,c  

^a BRIGHAM YOUNG UNIVERSITY   (United States)

^b Jim Moran Inst Global E   (United States)

^c FLORIDA STATE UNIVERSITY   (United States)

^d NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 1442351837     PISSN: 00472778     EISSN: None     Source Type: Journal    
DOI: 10.1111/j.1540-627x.2004.00098.x     Document Type: Article

References (17)

1. Admati, A. R., and P. Pfleiderer (1994). "Robust Financial Contracting and the Role of Venture Capitalists," Journal of Finance 49(2), 371-402.
2. Amit, R., L. Glosten, and E. Muller (1990). "Entrepreneurial Ability, Venture Investments, and Risk Sharing," Management Science 36(10), 1232-1245.
3. Ang, James S. (1991). "Small Business Uniqueness and the Theory of Financial Management," Journal of Small Business Finance 1(1), 1-13.
4. Barry, Christopher B. (1994). "New Directions in Research on Venture Capital Finance," Financial Management 23(3), 3-15.
5. Barry, Christopher B., Chris J. Muscarella, John W. Peavy, III, and Michael R. Vetsuypens (1990). "The Role of Venture Capital in the Creation of Public Companies: Evidence from the Going-Public Process," Journal of Financial Economics 27(2), 447-471.
6. Brav, Alon, and Paul A. Gompers (1997). "Myth or Reality? The Long-Run Underperformance of Initial Public Offerings: Evidence from Venture and Nonventure Capital-Backed Companies," Journal of Finance 52(5), 1791-1822.
7. Carter, Richard and Steven Manaster (1990). "Initial Public Offerings and Underwriter Reputation," Journal of Finance 45(4), 1045-1068.
8. Fama, Eugene F., and Kenneth R. French (1993). "Common Risk Factors in the Returns on Stocks and Bonds," Journal of Financial Economics 33(1), 3-56.
9. Field, Laura Casares, and Gordon Hanka (2001). "The Expiration of IPO Share Lockups," Journal of Finance 56(2), 471-500.
10. Gompers, Paul A. (1996). "Grandstanding in the Venture Capital Industry," Journal of Financial Economics 42(1), 133-156.
11. Jensen, Michael C., and William H. Meckling (1976). "Theory of the Firm: Managerial Behavior, Agency Costs, and Ownership Structure," Journal of Financial Economics 3(4), 305-360.
12. Leland, Hayne E., and David H. Pyle (1977). "Information Asymmetries, Financial Structure, and Financial Intermediation," Journal of Finance 32(2), 371-387.
13. Lerner, Joshua (1994). "Venture Capitalists and the Decision to Go Public," Journal of Financial Economics 35(3), 293-316.
14. Megginson, William L., and Kathleen A. Weiss (1991). "Venture Capitalist Certification in Initial Public Offers," Journal of Finance 46(3), 879-903.
15. Ritter, Jay (2001). "Jay Ritter's Home Page." http://bear.cba.ufl.edu/ritter/ index.html. Accessed October 1, 2003.
16. Tyebjee, T. T., and A. V. Bruno (1984). "A Model of Venture Capitalist Investment Activity," Management Science 30(9), 1051-1066.
17. White, Halbert (1980). "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica 48(4), 817-838.