메뉴 건너뛰기




Volumn 33, Issue 5, 2009, Pages 1121-1155

Corporate relocation in venture capital finance

Author keywords

[No Author keywords available]

Indexed keywords


EID: 70349871192     PISSN: 10422587     EISSN: 15406520     Source Type: Journal    
DOI: 10.1111/j.1540-6520.2009.00337.x     Document Type: Article
Times cited : (48)

References (94)
  • 3
    • 4344671626 scopus 로고    scopus 로고
    • Internationalization in different industrial contexts
    • Andersson S. Internationalization in different industrial contexts. Journal of Business Venturing 2004, 19:851-875.
    • (2004) Journal of Business Venturing , vol.19 , pp. 851-875
    • Andersson, S.1
  • 5
    • 35448956146 scopus 로고    scopus 로고
    • Network triads: Transitivity, referral and venture capital decisions in China and Russia
    • Batjargal B. Network triads: Transitivity, referral and venture capital decisions in China and Russia. Journal of International Business Studies 2007, 38:998-1012.
    • (2007) Journal of International Business Studies , vol.38 , pp. 998-1012
    • Batjargal, B.1
  • 6
    • 3342963401 scopus 로고    scopus 로고
    • Private benefits and cross-listing in the United States
    • Benos E, Weisbach M. Private benefits and cross-listing in the United States. Emerging Markets Review 2004, 5:217-240.
    • (2004) Emerging Markets Review , vol.5 , pp. 217-240
    • Benos, E.1    Weisbach, M.2
  • 8
    • 44449179340 scopus 로고    scopus 로고
    • Institutional context and the allocation of entrepreneurial effort
    • Bowen H, De Clercq D. Institutional context and the allocation of entrepreneurial effort. Journal of International Business Studies 2008, 39:747-767.
    • (2008) Journal of International Business Studies , vol.39 , pp. 747-767
    • Bowen, H.1    De Clercq, D.2
  • 11
    • 0142157063 scopus 로고    scopus 로고
    • Financing and advising: Optimal financial contracts with venture capitalists
    • Casamatta C. Financing and advising: Optimal financial contracts with venture capitalists. Journal of Finance 2003, 58:2059-2086.
    • (2003) Journal of Finance , vol.58 , pp. 2059-2086
    • Casamatta, C.1
  • 12
    • 0040513098 scopus 로고
    • Stock market reaction to capital investment decisions: Evidence from business relocations
    • Chan SH, Gau GW, Wang K. Stock market reaction to capital investment decisions: Evidence from business relocations. Journal of Financial and Quantitative Analysis 1995, 30:81-100.
    • (1995) Journal of Financial and Quantitative Analysis , vol.30 , pp. 81-100
    • Chan, S.H.1    Gau, G.W.2    Wang, K.3
  • 13
    • 0000791373 scopus 로고
    • Learning, corporate control and performance requirements in venture capital contracts
    • Chan Y-S, Siegel DR, Thakor AV. Learning, corporate control and performance requirements in venture capital contracts. International Economic Review 1990, 31:365-382.
    • (1990) International Economic Review , vol.31 , pp. 365-382
    • Chan, Y.-.S.1    Siegel, D.R.2    Thakor, A.V.3
  • 14
    • 0042829594 scopus 로고    scopus 로고
    • The separation of ownership and control in East Asian corporations
    • Claessens S, Djankov S, Lang L. The separation of ownership and control in East Asian corporations. Journal of Financial Economics 2000, 58:81-112.
    • (2000) Journal of Financial Economics , vol.58 , pp. 81-112
    • Claessens, S.1    Djankov, S.2    Lang, L.3
  • 15
    • 11044231189 scopus 로고    scopus 로고
    • The risk and return to venture capital
    • Cochrane J. The risk and return to venture capital. Journal of Financial Economics 2005, 71(1):3-52.
    • (2005) Journal of Financial Economics , vol.71 , Issue.1 , pp. 3-52
    • Cochrane, J.1
  • 19
    • 0037362183 scopus 로고    scopus 로고
    • A cross-country comparison of full and partial venture capital exits
    • Cumming DJ, MacIntosh JG. A cross-country comparison of full and partial venture capital exits. Journal of Banking and Finance 2003, 27:511-548.
    • (2003) Journal of Banking and Finance , vol.27 , pp. 511-548
    • Cumming, D.J.1    MacIntosh, J.G.2
  • 21
    • 27844556951 scopus 로고    scopus 로고
    • When do venture capital firms learn from their investments?
    • De Clercq D, Sapienza HJ. When do venture capital firms learn from their investments?. Entrepreneurship Theory and Practice 2005, 29(4):517-535.
    • (2005) Entrepreneurship Theory and Practice , vol.29 , Issue.4 , pp. 517-535
    • De Clercq, D.1    Sapienza, H.J.2
  • 22
    • 23844501990 scopus 로고    scopus 로고
    • The internationalization of small and medium-sized firms: The role of organizational learning effort and entrepreneurial orientation
    • De Clercq D, Sapienza HJ, Crijns H. The internationalization of small and medium-sized firms: The role of organizational learning effort and entrepreneurial orientation. Small Business Economics 2005, 24:409-419.
    • (2005) Small Business Economics , vol.24 , pp. 409-419
    • De Clercq, D.1    Sapienza, H.J.2    Crijns, H.3
  • 24
    • 0040428176 scopus 로고    scopus 로고
    • International cross-listing and order-flow migration: Evidence from Mexico
    • Domowitz I, Glen J, Madhavan A. International cross-listing and order-flow migration: Evidence from Mexico. Journal of Finance 1998, 53:2001-2028.
    • (1998) Journal of Finance , vol.53 , pp. 2001-2028
    • Domowitz, I.1    Glen, J.2    Madhavan, A.3
  • 25
    • 19944408608 scopus 로고    scopus 로고
    • To steal or not to steal: Firm attributes, legal environment and valuation
    • Dumev A, Kim EH. To steal or not to steal: Firm attributes, legal environment and valuation. Journal of Finance 2005, 60:1461-1493.
    • (2005) Journal of Finance , vol.60 , pp. 1461-1493
    • Dumev, A.1    Kim, E.H.2
  • 29
    • 0002357241 scopus 로고    scopus 로고
    • The effects of market segmentation and investor recognition on asset prices: Evidence from foreign stocks listing in the United States
    • Foerster S, Karolyi GA. The effects of market segmentation and investor recognition on asset prices: Evidence from foreign stocks listing in the United States. Journal of Finance 1999, 54:981-1013.
    • (1999) Journal of Finance , vol.54 , pp. 981-1013
    • Foerster, S.1    Karolyi, G.A.2
  • 30
    • 0001603550 scopus 로고
    • Gains from corporate headquarters relocations: Evidence from the stock market
    • Ghosh C, Rodriguez M, Sirmans CF. Gains from corporate headquarters relocations: Evidence from the stock market. Journal of Urban Economics 1995, 38:291-311.
    • (1995) Journal of Urban Economics , vol.38 , pp. 291-311
    • Ghosh, C.1    Rodriguez, M.2    Sirmans, C.F.3
  • 31
    • 0001683992 scopus 로고    scopus 로고
    • Determinants of patent rights: A cross-national study
    • Ginarte JC, Park WG. Determinants of patent rights: A cross-national study. Research Policy 1997, 26:283-301.
    • (1997) Research Policy , vol.26 , pp. 283-301
    • Ginarte, J.C.1    Park, W.G.2
  • 32
    • 36248936032 scopus 로고    scopus 로고
    • Multinational corporation internationalization in the service sector: A study of Japanese trading companies
    • Goerzen A, Makino S. Multinational corporation internationalization in the service sector: A study of Japanese trading companies. Journal of International Business Studies 2007, 38:1149-1169.
    • (2007) Journal of International Business Studies , vol.38 , pp. 1149-1169
    • Goerzen, A.1    Makino, S.2
  • 33
    • 16244362373 scopus 로고    scopus 로고
    • Entrepreneurial spawning: Public corporations and the formation of new ventures, 1986-1999
    • Gompers P, Lerner J, Scharfstein D. Entrepreneurial spawning: Public corporations and the formation of new ventures, 1986-1999. Journal of Finance 2005, 60:577-614.
    • (2005) Journal of Finance , vol.60 , pp. 577-614
    • Gompers, P.1    Lerner, J.2    Scharfstein, D.3
  • 35
    • 70349883140 scopus 로고    scopus 로고
    • Institutions, networks, and organizational growth
    • Working Paper, Charlotte, NC, and Philadelphia, University of North Carolina at Chapel Hill and University of Pennsylvania
    • Guler I, Guillen MF. Institutions, networks, and organizational growth. 2006, Working Paper, Charlotte, NC, and Philadelphia, University of North Carolina at Chapel Hill and University of Pennsylvania
    • (2006)
    • Guler, I.1    Guillen, M.F.2
  • 36
    • 0001766028 scopus 로고
    • The common structure of statistical models of truncation, sample selection, and limited dependent variables and a simple estimator for such models
    • Heckman J. The common structure of statistical models of truncation, sample selection, and limited dependent variables and a simple estimator for such models. Annals of Economic and Social Measurement 1976, 5:475-492.
    • (1976) Annals of Economic and Social Measurement , vol.5 , pp. 475-492
    • Heckman, J.1
  • 37
    • 0000125534 scopus 로고
    • Sample selection bias as a specification error
    • Heckman J. Sample selection bias as a specification error. Econometrica 1979, 47:153-161.
    • (1979) Econometrica , vol.47 , pp. 153-161
    • Heckman, J.1
  • 38
    • 84155189516 scopus 로고    scopus 로고
    • Determinants of venture capital cerformance: Europe and the United States
    • forthcoming
    • Hege U, Palomino F, Schwienbacher A. Determinants of venture capital cerformance: Europe and the United States. Revue Finance 2009, forthcoming
    • (2009) Revue Finance
    • Hege, U.1    Palomino, F.2    Schwienbacher, A.3
  • 39
    • 4344630945 scopus 로고    scopus 로고
    • What do entrepreneurs pay for venture capital affiliation?
    • Hsu D. What do entrepreneurs pay for venture capital affiliation?. Journal of Finance 2004, 59:1805-1844.
    • (2004) Journal of Finance , vol.59 , pp. 1805-1844
    • Hsu, D.1
  • 40
    • 42449153471 scopus 로고    scopus 로고
    • The effects of direct and indirect foreign venture capital ties on exit market selection and exit modes
    • Working Paper, Helsinki, Helsinki University of Technology
    • Jääskeläinen M, Maula M. The effects of direct and indirect foreign venture capital ties on exit market selection and exit modes. 2005, Working Paper, Helsinki, Helsinki University of Technology
    • (2005)
    • Jääskeläinen, M.1    Maula, M.2
  • 41
    • 38249004905 scopus 로고
    • The impact of international cross-listings on risk and return: Evidence from American Depositary Receipts
    • Jayaraman N, Shastri K, Tandon K. The impact of international cross-listings on risk and return: Evidence from American Depositary Receipts. Journal of Banking and Finance 1993, 17:91-103.
    • (1993) Journal of Banking and Finance , vol.17 , pp. 91-103
    • Jayaraman, N.1    Shastri, K.2    Tandon, K.3
  • 42
    • 0037507344 scopus 로고    scopus 로고
    • The optimal portfolio of start-up firms in venture capital finance
    • Kanniainen V, Keuschnigg C. The optimal portfolio of start-up firms in venture capital finance. Journal of Corporate Finance 2003, 9:521-534.
    • (2003) Journal of Corporate Finance , vol.9 , pp. 521-534
    • Kanniainen, V.1    Keuschnigg, C.2
  • 43
    • 3042649312 scopus 로고    scopus 로고
    • Start-up investment with scarce venture capital support
    • Kanniainen V, Keuschnigg C. Start-up investment with scarce venture capital support. Journal of Banking and Finance 2004, 28:1935-1959.
    • (2004) Journal of Banking and Finance , vol.28 , pp. 1935-1959
    • Kanniainen, V.1    Keuschnigg, C.2
  • 44
    • 23944516772 scopus 로고    scopus 로고
    • Private equity returns: Returns, persistence and capital flows
    • Kaplan S, Schoar S. Private equity returns: Returns, persistence and capital flows. Journal of Finance 2005, 60:1791-1823.
    • (2005) Journal of Finance , vol.60 , pp. 1791-1823
    • Kaplan, S.1    Schoar, S.2
  • 45
    • 2942656034 scopus 로고    scopus 로고
    • Optimal public policy for venture capital backed innovation
    • CEPR Working Paper No. 3850, London, Centre for Economic Policy Research
    • Keuschnigg C. Optimal public policy for venture capital backed innovation. 2003, CEPR Working Paper No. 3850, London, Centre for Economic Policy Research
    • (2003)
    • Keuschnigg, C.1
  • 47
    • 1842782326 scopus 로고    scopus 로고
    • Taxation of a venture capitalist with a portfolio of firms
    • Keuschnigg C. Taxation of a venture capitalist with a portfolio of firms. Oxford Economic Papers 2004b, 56:285-306.
    • (2004) Oxford Economic Papers , vol.56 , pp. 285-306
    • Keuschnigg, C.1
  • 51
    • 0344663918 scopus 로고    scopus 로고
    • Start-ups, venture capitalists and the capital gains tax
    • Keuschnigg C, Nielsen SB. Start-ups, venture capitalists and the capital gains tax. Journal of Public Economics 2004, 88:1011-1042.
    • (2004) Journal of Public Economics , vol.88 , pp. 1011-1042
    • Keuschnigg, C.1    Nielsen, S.B.2
  • 52
    • 0001890387 scopus 로고    scopus 로고
    • The born global firm: A challenge to traditional internationalization theory
    • In, Ed., pp., Greenwich, CT, JAI Press
    • Knight G, Cavusgil ST, Zou S. The born global firm: A challenge to traditional internationalization theory. Advances in international marketing 1996, 11-26. In, Ed., pp., Greenwich, CT, JAI Press
    • (1996) Advances in international marketing , pp. 11-26
    • Knight, G.1    Cavusgil, S.T.2    Zou, S.3
  • 57
    • 15544376362 scopus 로고    scopus 로고
    • Does legal enforcement affect financial transactions? The contractual channel in private equity
    • Lerner J, Schoar A. Does legal enforcement affect financial transactions? The contractual channel in private equity. The Quarterly Journal of Economics 2005, 120:223-246.
    • (2005) The Quarterly Journal of Economics , vol.120 , pp. 223-246
    • Lerner, J.1    Schoar, A.2
  • 58
  • 61
    • 0031498093 scopus 로고    scopus 로고
    • The internationalization of born globals: An evolutionary process?
    • Madsen TK, Servais P. The internationalization of born globals: An evolutionary process?. International Business Review 1997, 6:561-583.
    • (1997) International Business Review , vol.6 , pp. 561-583
    • Madsen, T.K.1    Servais, P.2
  • 62
    • 0038360004 scopus 로고    scopus 로고
    • Venture capital, investment appraisal, and accounting information: A comparative study of the US, UK, France, Belgium and Holland
    • Manigart S, De Waele K, Wright M, Robbie K, Desbrières P, Sapienza H. Venture capital, investment appraisal, and accounting information: A comparative study of the US, UK, France, Belgium and Holland. European Financial Management 2000, 6:380-404.
    • (2000) European Financial Management , vol.6 , pp. 380-404
    • Manigart, S.1    De Waele, K.2    Wright, M.3    Robbie, K.4    Desbrières, P.5    Sapienza, H.6
  • 64
    • 18144431597 scopus 로고    scopus 로고
    • The impact of trust on private equity contracts
    • Working Paper, Gent, Vlerick Leuven Gent Management School
    • Manigart S, Korsgaard MA, Folger R, Sapienza H, Baeyens K. The impact of trust on private equity contracts. 2002, Working Paper, Gent, Vlerick Leuven Gent Management School
    • (2002)
    • Manigart, S.1    Korsgaard, M.A.2    Folger, R.3    Sapienza, H.4    Baeyens, K.5
  • 67
    • 84977723575 scopus 로고
    • Venture capitalist certification in initial public offerings
    • Megginson WL, Weiss KA. Venture capitalist certification in initial public offerings. Journal of Finance 1991, 46:879-903.
    • (1991) Journal of Finance , vol.46 , pp. 879-903
    • Megginson, W.L.1    Weiss, K.A.2
  • 69
    • 17144418624 scopus 로고    scopus 로고
    • Exit timing of venture capitalists in the course of an initial public offering
    • Neus W, Walz U. Exit timing of venture capitalists in the course of an initial public offering. Journal of Financial Intermediation 2005, 14:253-277.
    • (2005) Journal of Financial Intermediation , vol.14 , pp. 253-277
    • Neus, W.1    Walz, U.2
  • 70
    • 34548093310 scopus 로고    scopus 로고
    • The impact of corporate governance mechanisms on value increase in leveraged buyouts
    • Nikoskelainen E, Wright M. The impact of corporate governance mechanisms on value increase in leveraged buyouts. Journal of Corporate Finance 2007, 13:511-537.
    • (2007) Journal of Corporate Finance , vol.13 , pp. 511-537
    • Nikoskelainen, E.1    Wright, M.2
  • 72
    • 0002242966 scopus 로고
    • Global start-ups: Entrepreneurs on a world-wide stage
    • Oviatt B, McDougall P. Global start-ups: Entrepreneurs on a world-wide stage. Academy of Management Review 1995, 9:30-44.
    • (1995) Academy of Management Review , vol.9 , pp. 30-44
    • Oviatt, B.1    McDougall, P.2
  • 73
    • 70349880955 scopus 로고    scopus 로고
    • The development of entrepreneurial networks: A necessary condition for international new ventures?
    • Phelan SE, Dalgic T, Li D, Sethi D. The development of entrepreneurial networks: A necessary condition for international new ventures?. Strategic Management Reviews 2006, 0:1-21.
    • (2006) Strategic Management Reviews , vol.0 , pp. 1-21
    • Phelan, S.E.1    Dalgic, T.2    Li, D.3    Sethi, D.4
  • 74
    • 0011320537 scopus 로고
    • Capital gains tax policy towards entrepreneurship
    • Poterba J. Capital gains tax policy towards entrepreneurship. National Tax Journal 1989a, 42:375-389.
    • (1989) National Tax Journal , vol.42 , pp. 375-389
    • Poterba, J.1
  • 75
    • 0002655590 scopus 로고
    • Venture capital and capital gains taxation
    • In, Ed., Vol. 3, pp., Cambridge, MA, MIT Press
    • Poterba J, Summers LH. Venture capital and capital gains taxation. Tax policy and the economy 1989b, 47-67. In, Ed., Vol. 3, pp., Cambridge, MA, MIT Press
    • (1989) Tax policy and the economy , pp. 47-67
    • Poterba, J.1    Summers, L.H.2
  • 76
    • 0034009792 scopus 로고    scopus 로고
    • The Heckman correction for sample selection and its critique
    • Puhani PA. The Heckman correction for sample selection and its critique. Journal of Economic Surveys 2000, 14:53-68.
    • (2000) Journal of Economic Surveys , vol.14 , pp. 53-68
    • Puhani, P.A.1
  • 77
    • 0036788673 scopus 로고    scopus 로고
    • Protection of minority shareholder interests, cross-listings in the United States, and subsequent equity offerings
    • Reece W, Weisbach M. Protection of minority shareholder interests, cross-listings in the United States, and subsequent equity offerings. Journal of Financial Economics 2002, 66:65-104.
    • (2002) Journal of Financial Economics , vol.66 , pp. 65-104
    • Reece, W.1    Weisbach, M.2
  • 78
    • 13244273619 scopus 로고    scopus 로고
    • The phenomenon of early internationalizing firms: What do we know after a decade (1993-2003) of scientific enquiry?
    • Rialp A, Rialp J, Knight GA. The phenomenon of early internationalizing firms: What do we know after a decade (1993-2003) of scientific enquiry?. International Business Review 2005, 14:147-166.
    • (2005) International Business Review , vol.14 , pp. 147-166
    • Rialp, A.1    Rialp, J.2    Knight, G.A.3
  • 80
    • 33744792545 scopus 로고    scopus 로고
    • A capabilities perspective on the effects of new venture internationalization on survival and growth
    • Sapienza HJ, Autio E, George G, Zahra S. A capabilities perspective on the effects of new venture internationalization on survival and growth. Academy of Management Review 2006, 31:914-933.
    • (2006) Academy of Management Review , vol.31 , pp. 914-933
    • Sapienza, H.J.1    Autio, E.2    George, G.3    Zahra, S.4
  • 83
    • 3242876907 scopus 로고    scopus 로고
    • Political uncertainty and asset valuation: Evidence from business relocations in Canada
    • Tirtiroglu D, Bhabra H, Lel U. Political uncertainty and asset valuation: Evidence from business relocations in Canada. Journal of Banking and Finance 2004, 28:2237-2258.
    • (2004) Journal of Banking and Finance , vol.28 , pp. 2237-2258
    • Tirtiroglu, D.1    Bhabra, H.2    Lel, U.3
  • 85
    • 0000095552 scopus 로고
    • A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity
    • White H. A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity. Econometrica 1980, 48:817-838.
    • (1980) Econometrica , vol.48 , pp. 817-838
    • White, H.1
  • 86
    • 0344118821 scopus 로고    scopus 로고
    • The structure and management of alliances: Syndication in the venture Capital industry
    • Wright M, Lockett A. The structure and management of alliances: Syndication in the venture Capital industry. Journal of Management Studies 2003, 40:2073-2104.
    • (2003) Journal of Management Studies , vol.40 , pp. 2073-2104
    • Wright, M.1    Lockett, A.2
  • 89
    • 29344446796 scopus 로고    scopus 로고
    • International venture capital research: From cross country comparisons to crossing countries
    • Wright M, Pruthi S, Lockett A. International venture capital research: From cross country comparisons to crossing countries. International Journal of Management Reviews 2005, 7:135-165.
    • (2005) International Journal of Management Reviews , vol.7 , pp. 135-165
    • Wright, M.1    Pruthi, S.2    Lockett, A.3
  • 90
    • 34548058690 scopus 로고    scopus 로고
    • Venture capitalists' decision policies across three countries: An institutional theory perspective
    • Zacharakis AL, McMullen JS, Shepherd DA. Venture capitalists' decision policies across three countries: An institutional theory perspective. Journal of International Business Studies 2007, 38:691-708.
    • (2007) Journal of International Business Studies , vol.38 , pp. 691-708
    • Zacharakis, A.L.1    McMullen, J.S.2    Shepherd, D.A.3
  • 91
    • 0000532325 scopus 로고    scopus 로고
    • The nature of information and venture capitalists' overconfidence
    • Zacharakis AL, Shepherd DA. The nature of information and venture capitalists' overconfidence. Journal of Business Venturing 2001, 16:311-332.
    • (2001) Journal of Business Venturing , vol.16 , pp. 311-332
    • Zacharakis, A.L.1    Shepherd, D.A.2
  • 93
    • 14944385121 scopus 로고    scopus 로고
    • A theory of international ventures: A decade of research
    • Zahra S. A theory of international ventures: A decade of research. Journal of International Business Studies 2005, 36:20-28.
    • (2005) Journal of International Business Studies , vol.36 , pp. 20-28
    • Zahra, S.1
  • 94
    • 0034340997 scopus 로고    scopus 로고
    • International expansion, technological learning, and new venture performance
    • Zahra S, Ireland D, Hitt M. International expansion, technological learning, and new venture performance. Academy of Management Journal 2000, 43:925-950.
    • (2000) Academy of Management Journal , vol.43 , pp. 925-950
    • Zahra, S.1    Ireland, D.2    Hitt, M.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.