Venture capitalists, unquoted equity investment appraisal and the role of accounting information

Accounting and Business Research

Volumn 26, Issue 2, 1996, Pages 153-168

  Wright, Mike ^a   Robbie, Ken ^a  

^a UNIVERSITY OF NOTTINGHAM   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 77449108805     PISSN: 00014788     EISSN: None     Source Type: Journal    
DOI: 10.1080/00014788.1996.9729506     Document Type: Article

References (25)

1. Abbott, S. and Hay, M. (1995), Investing for the Future (London: FT-Pitman)
2. Amit, R., Glosten, L. and Muller, E. (1993), 'Challenges to Theory Development in Entrepreneurship Research', Journal of Management Studies, 30(5), pp. 815-834.
3. Arnold, J. and Moizer, P. (1984), 'A Survey of the Methods Used by UK Investment Analysts to Appraise Investments in Ordinary Shares', Accounting and Business Research, Summer, pp. 195-207.
4. British Venture Capital Association (1995), Report on Investment Activity 1994 (London: BVCA).
5. Bruno, A. and Tyebjee, T. (1985), 'The Entrepreneur's Search for Capital', Journal of Business Venturing, 1. pp. 61-74.
6. Bygrave, W. and Timmons, J. (1992), Venture Capital at the Crossroads (Boston, Harvard: Business School Press).
7. Day, J. (1986), 'The Use of Annual Reports by UK Investment Analysts', Accounting and Business Research, Autumn.
8. DeAngelo, L. (1990), 'Equity Valuation and Corporate Control', Accounting Review, Vol. 65, No. 1, pp. 93-112.
9. Dixon, R. (1991) 'Venture Capitalists and the Appraisal of Investments'. Omega. 19(5), pp. 333-4.
10. Elango, B., Fried, V., Hisrich, R. and Polonchek, A. (1995), 'How Venture Capital Firms Differ', Journal of Business Venturing, 10, pp. 157-179.
11. Fried, V. and Hisrich, R. (1994), 'Toward a Model of Venture Capital Investment Decision Making' Financial Management, 23(3), pp. 28-37.
12. Jensen, M.C. (1986), 'Agency Costs of Free Cash Flow, Corporate Finance and Takeovers', American Economic Review, May, pp. 326-9.
13. Lee, T.A. and Tweedie, D.P. (1981), The Institutional Investor and Financial Information (London: ICAEW).
14. Lorenz, T. (1989), Venture Capital Today, 2nd edition (Cambridge: Woodhead-Faulkner).
15. MacMillan, I.C., Zemann, L. and Subbanarasimha, P.N.S. (1987), 'Criteria Distinguishing Successful from Unsuccessful Ventures in the Venture Screening Process', Journal of Business Venturing, 3, pp. 123-137.
16. Mitchell, F., Reid, G. and Terry, N. (1995), 'Post Investment Demand for Accounting Information by Venture Capitalists', Accounting and Business Research, Vol. 25, No. 99. pp. 186-196.
17. Moizer, P. and Arnold, J. (1984), 'Share Appraisal by Investment Analysts-A Comparison of the Techniques Used by Portfolio and Non-portfolio Managers', Accounting and Business Research, Vol.14 No.56, pp. 341-348
18. Pike, R., Meerjanssen, J. and Chadwick, L. (1993), 'The Appraisal of Ordinary Shares by Investment Analysts in the UK and Germany', Accounting and Business Research, Vol. 23, No. 92, pp. 489-499.
19. Sahlman, W. (1990). 'The Structure and Governance of Venture Capital Organisations', Journal of Financial Economics 27(2), pp. 473-524.
20. Sharp, G. (1993), The Management Buy-out Manual, Euro-money Books, London.
21. Steier, L. and Greenwood, R. (1995), 'Venture Capitalist Relationships in the Deal Structuring and Post-investment Stages of New Firm Creation', Journal of Management Studies, 32(3), pp. 337-357.
22. Stiglitz, J. and Weiss, A. (1981), 'Credit Rationing in Markets with Imperfect Information', American Economic Review, 71, June, pp. 393-410.
23. Sweeting, R. (1991) 'Early-stage New Technology-based Business: Interactions with Venture Capitalists and the Development of Accounting Techniques and Procedures', British Accounting Review, 23, pp. 3-21.
24. Walker, A. (1990), 'Types of Finance Available and How They Can Be Used', Ch.5 in de Caires (ed), Corporate Restructuring, (London: Euromoney Books).
25. Wright, M., Robbie, K. and Ennew, C. (1995), 'Venture Capitalists and Second Time Entrepreneurs', in Bygrave, W. et al., Frontiers of Entrepreneurship Research (Boston: Wellesley).