메뉴 건너뛰기




Volumn 41, Issue 4, 2010, Pages 727-754

Private equity returns and disclosure around the world

Author keywords

International financial reporting; Private equity and portfolio diversification; Venture capital

Indexed keywords


EID: 77951854660     PISSN: 00472506     EISSN: 14786990     Source Type: Journal    
DOI: 10.1057/jibs.2009.62     Document Type: Article
Times cited : (283)

References (95)
  • 1
    • 34547299405 scopus 로고    scopus 로고
    • Venture capital in China: Past, present, and future
    • Ahlstrom, D., Bruton, G., & Kuang, 2007. Venture capital in China: Past, present, and future. Asia Pacific Journal of Management, 24(3): 247-268.
    • (2007) Asia Pacific Journal of Management , vol.24 , Issue.3 , pp. 247-268
    • Ahlstrom, D.1    Bruton, G.2    Kuang3
  • 2
    • 33749632310 scopus 로고    scopus 로고
    • The legislative road to Silicon Valley
    • Armour, J., & Cumming, D. J. 2006. The legislative road to Silicon Valley. Oxford Economic Papers, 58(4): 596-635.
    • (2006) Oxford Economic Papers , vol.58 , Issue.4 , pp. 596-635
    • Armour, J.1    Cumming, D.J.2
  • 3
    • 33645564951 scopus 로고    scopus 로고
    • Venture-backed private equity valuation and financial statement information
    • Armstrong, C., Davila, A., & Foster, G. 2005. Venture-backed private equity valuation and financial statement information. Review of Accounting Studies, 11(1): 119-135.
    • (2005) Review of Accounting Studies , vol.11 , Issue.1 , pp. 119-135
    • Armstrong, C.1    Davila, A.2    Foster, G.3
  • 4
    • 0042780791 scopus 로고    scopus 로고
    • The effect of international institutional factors on properties of accounting earnings
    • Ball, R., Kothari, S. P., & Robin, A. 2000. The effect of international institutional factors on properties of accounting earnings. Journal of Accounting and Economics, 29(1): 1-51.
    • (2000) Journal of Accounting and Economics , vol.29 , Issue.1 , pp. 1-51
    • Ball, R.1    Kothari, S.P.2    Robin, A.3
  • 5
    • 0001671710 scopus 로고
    • The role of venture capital in the creation of public companies: Evidence from the going-public process
    • Barry, C. B., Muscarella, C. J., Peavy III, J. W., & Vetsuypens, M. R. 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.
    • (1990) Journal of Financial Economics , vol.27 , Issue.2 , pp. 447-471
    • Barry, C.B.1    Muscarella, C.J.2    Peavy III, J.W.3    Vetsuypens, M.R.4
  • 6
    • 22144449657 scopus 로고    scopus 로고
    • Conditional and unconditional conservatism: Concepts and modelling
    • Beaver, W. H., & Ryan, S. G. 2005. Conditional and unconditional conservatism: Concepts and modelling. Review of Accounting Studies, 10(2-3): 269-309.
    • (2005) Review of Accounting Studies , vol.10 , Issue.2-3 , pp. 269-309
    • Beaver, W.H.1    Ryan, S.G.2
  • 7
    • 84960610685 scopus 로고
    • Using privileged information to manipulate markets: Insiders, gurus and credibility
    • Benabou, R., & Laroque, G. 1992. Using privileged information to manipulate markets: Insiders, gurus and credibility. Quarterly Journal of Economics, 107(3): 921-958.
    • (1992) Quarterly Journal of Economics , vol.107 , Issue.3 , pp. 921-958
    • Benabou, R.1    Laroque, G.2
  • 8
    • 0037306950 scopus 로고    scopus 로고
    • Economic development, legality, and the transplant effect
    • Berkowitz, D., Pistor, K., & Richard, J. F. 2003. Economic development, legality, and the transplant effect. European Economic Review, 47(1): 165-195.
    • (2003) European Economic Review , vol.47 , Issue.1 , pp. 165-195
    • Berkowitz, D.1    Pistor, K.2    Richard, J.F.3
  • 9
    • 34548078540 scopus 로고    scopus 로고
    • Financial reporting quality in private equity backed companies: The impact of ownership concentration
    • Beuselinck, C., & Manigart, S. 2007. Financial reporting quality in private equity backed companies: The impact of ownership concentration. Small Business Economics, 29(3): 261-274.
    • (2007) Small Business Economics , vol.29 , Issue.3 , pp. 261-274
    • Beuselinck, C.1    Manigart, S.2
  • 12
    • 44449179340 scopus 로고    scopus 로고
    • Institutional context and the allocation of entrepreneurial effort
    • Bowen, H., & De Clercq, D. 2008. Institutional context and the allocation of entrepreneurial effort. Journal of International Business Studies, 39(4): 747-767.
    • (2008) Journal of International Business Studies , vol.39 , Issue.4 , pp. 747-767
    • Bowen, H.1    De Clercq, D.2
  • 13
    • 0036021940 scopus 로고    scopus 로고
    • Venture-capital syndication: Improved venture selection vs. the value-added hypothesis
    • Brander, J. A., Amit, R., & Antweiler, W. 2002. Venture-capital syndication: Improved venture selection vs. the value-added hypothesis. Journal of Economics & Management Strategy, 11(3): 423-452.
    • (2002) Journal of Economics & Management Strategy , vol.11 , Issue.3 , pp. 423-452
    • Brander, J.A.1    Amit, R.2    Antweiler, W.3
  • 14
    • 33745588709 scopus 로고    scopus 로고
    • The importance of reporting incentives: Earnings management in European private and public firms
    • Burgstahler, D., Hail, L., & Leuz, C. 2006. The importance of reporting incentives: Earnings management in European private and public firms. The Accounting Review, 81(5): 983-1016.
    • (2006) The Accounting Review , vol.81 , Issue.5 , pp. 983-1016
    • Burgstahler, D.1    Hail, L.2    Leuz, C.3
  • 15
    • 0032116927 scopus 로고    scopus 로고
    • The influence of institutional investors on myopic R&D investment behaviour
    • Bushee, B. 1998. The influence of institutional investors on myopic R&D investment behaviour. The Accounting Review, 73(3): 305-333.
    • (1998) The Accounting Review , vol.73 , Issue.3 , pp. 305-333
    • Bushee, B.1
  • 16
    • 0142157063 scopus 로고    scopus 로고
    • Financing and advising: Optimal financial contracts with venture capitalists
    • Casamatta, C. 2003. Financing and advising: Optimal financial contracts with venture capitalists. Journal of Finance, 58(5): 2059-2086.
    • (2003) Journal of Finance , vol.58 , Issue.5 , pp. 2059-2086
    • Casamatta, C.1
  • 18
    • 33748050800 scopus 로고    scopus 로고
    • Board composition, regulatory regime, and voluntary disclosure
    • Chen, K. C. W. 2006. Board composition, regulatory regime, and voluntary disclosure. The International Journal of Accounting, 41(3): 290-292.
    • (2006) The International Journal of Accounting , vol.41 , Issue.3 , pp. 290-292
    • Chen, K.C.W.1
  • 19
    • 11044231189 scopus 로고    scopus 로고
    • The risk and return of venture capital
    • Cochrane, J. 2005. The risk and return of venture capital. Journal of Financial Economics, 75(1): 3-52.
    • (2005) Journal of Financial Economics , vol.75 , Issue.1 , pp. 3-52
    • Cochrane, J.1
  • 20
    • 44349164416 scopus 로고    scopus 로고
    • Regulatory environments and the location decision: Evidence from the early foreign market entries of new-technology-based firms
    • Coeurduroy, R., & Murray, G. C. 2008. Regulatory environments and the location decision: Evidence from the early foreign market entries of new-technology-based firms. Journal of International Business Studies, 39(4): 670-687.
    • (2008) Journal of International Business Studies , vol.39 , Issue.4 , pp. 670-687
    • Coeurduroy, R.1    Murray, G.C.2
  • 21
    • 33644807710 scopus 로고    scopus 로고
    • The determinants of venture capital portfolio size: Empirical evidence
    • Cumming, D. J. 2006. The determinants of venture capital portfolio size: Empirical evidence. Journal of Business, 79(3): 1083-1126.
    • (2006) Journal of Business , vol.79 , Issue.3 , pp. 1083-1126
    • Cumming, D.J.1
  • 22
    • 52449132640 scopus 로고    scopus 로고
    • Contracts and exits in venture capital finance
    • Cumming, D. J. 2008. Contracts and exits in venture capital finance. Review of Financial Studies, 21(5): 1947-1982.
    • (2008) Review of Financial Studies , vol.21 , Issue.5 , pp. 1947-1982
    • Cumming, D.J.1
  • 23
    • 34548489159 scopus 로고    scopus 로고
    • Regulatory harmonization and the development of private equity markets
    • Cumming, D. J., & Johan, S. A. 2007. Regulatory harmonization and the development of private equity markets. Journal of Banking and Finance, 31(10): 3218-3250.
    • (2007) Journal of Banking and Finance , vol.31 , Issue.10 , pp. 3218-3250
    • Cumming, D.J.1    Johan, S.A.2
  • 25
    • 0037362183 scopus 로고    scopus 로고
    • A cross-country comparison of full and partial venture capital exits
    • Cumming, D. J., & MacIntosh, J. G. 2003. A cross-country comparison of full and partial venture capital exits. Journal of Banking and Finance, 27(3): 511-548.
    • (2003) Journal of Banking and Finance , vol.27 , Issue.3 , pp. 511-548
    • Cumming, D.J.1    Macintosh, J.G.2
  • 28
    • 1342308717 scopus 로고    scopus 로고
    • Private equity returns: An empirical examination of the exit of venture-backed companies
    • Das, S., Jagannathan, M., & Sarin, A. 2003. Private equity returns: An empirical examination of the exit of venture-backed companies. Journal of Investment Management, 1(1): 152-177.
    • (2003) Journal of Investment Management , vol.1 , Issue.1 , pp. 152-177
    • Das, S.1    Jagannathan, M.2    Sarin, A.3
  • 29
    • 52649174948 scopus 로고    scopus 로고
    • Firm and group influences on venture capital firms' involvement in new ventures
    • De Clercq, D., Sapienza, H. J., & Zaheer, A. 2008. Firm and group influences on venture capital firms' involvement in new ventures. Journal of Management Studies, 45(7): 1169-1194.
    • (2008) Journal of Management Studies , vol.45 , Issue.7 , pp. 1169-1194
    • De Clercq, D.1    Sapienza, H.J.2    Zaheer, A.3
  • 30
    • 85198017350 scopus 로고    scopus 로고
    • European Union (EU). 1978. Fourth Council Directive 78/660/ EEC of 25 July 1978 based on Article 54 (3) (g) of the Treaty on the annual accounts of certain types of companies
    • European Union (EU). 1978. Fourth Council Directive 78/660/EEC of 25 July 1978 based on Article 54 (3) (g) of the Treaty on the annual accounts of certain types of companies.
  • 34
    • 0001094026 scopus 로고    scopus 로고
    • Money chasing deals? The impact of fund inflows on private equity valuation
    • Gompers, P. A., & Lerner, J. 2000. Money chasing deals? The impact of fund inflows on private equity valuation. Journal of Financial Economics, 55(2): 281-325.
    • (2000) Journal of Financial Economics , vol.55 , Issue.2 , pp. 281-325
    • Gompers, P.A.1    Lerner, J.2
  • 35
    • 18944369743 scopus 로고    scopus 로고
    • The value relevance of financial statements in the venture capital market
    • Hand, J. R. M. 2005. The value relevance of financial statements in the venture capital market. The Accounting Review, 80(2): 613-648.
    • (2005) The Accounting Review , vol.80 , Issue.2 , pp. 613-648
    • Hand, J.R.M.1
  • 36
    • 0012319054 scopus 로고    scopus 로고
    • Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature
    • Healy, P., & Palepu, K. 2001. Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature. Journal of Accounting and Economics, 31(1-3): 405-440.
    • (2001) Journal of Accounting and Economics , vol.31 , Issue.1-3 , pp. 405-440
    • Healy, P.1    Palepu, K.2
  • 37
    • 0000388461 scopus 로고    scopus 로고
    • Stock performance and intermediation changes surrounding increases in disclosure
    • Healy, P., Hutton, A., & Palepu, K. 1999. Stock performance and intermediation changes surrounding increases in disclosure. Contemporary Accounting Research, 16(3): 485-520.
    • (1999) Contemporary Accounting Research , vol.16 , Issue.3 , pp. 485-520
    • Healy, P.1    Hutton, A.2    Palepu, K.3
  • 38
    • 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. 1976. 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, 5(Fall): 475-492.
    • (1976) Annals of Economic and Social Measurement , vol.5 , Issue.FALL , pp. 475-492
    • Heckman, J.1
  • 39
    • 0000125534 scopus 로고
    • Sample selection bias as a specification error
    • Heckman, J. 1979. Sample selection bias as a specification error. Econometrica, 47(1): 153-161.
    • (1979) Econometrica , vol.47 , Issue.1 , pp. 153-161
    • Heckman, J.1
  • 40
    • 85198035381 scopus 로고    scopus 로고
    • Forthcoming. Determinants of venture capital performance: Europe and the United States
    • Hege, U., Palomino, F., & Schwienbacher, A. forthcoming. Determinants of venture capital performance: Europe and the United States. Revue Finance.
    • Revue Finance
    • Hege, U.1    Palomino, F.2    Schwienbacher, A.3
  • 41
    • 33846190557 scopus 로고    scopus 로고
    • Whom you know matters: Venture capital networks and investment performance
    • Hochberg, Y., Ljungqvist, A. P., & Lu, Y. 2007. Whom you know matters: Venture capital networks and investment performance. Journal of Finance, 62(1): 251-301.
    • (2007) Journal of Finance , vol.62 , Issue.1 , pp. 251-301
    • Hochberg, Y.1    Ljungqvist, A.P.2    Lu, Y.3
  • 42
    • 4344630945 scopus 로고    scopus 로고
    • What do entrepreneurs pay for venture capital affiliation
    • Hsu, D. 2004. What do entrepreneurs pay for venture capital affiliation? Journal of Finance, 59(4): 1805-1844.
    • (2004) Journal of Finance , vol.59 , Issue.4 , pp. 1805-1844
    • Hsu, D.1
  • 44
    • 33644789788 scopus 로고    scopus 로고
    • Allocation of attention to portfolio companies and the performance of venture capital firms
    • Jääskeläinen, M., Maula, M., & Seppä, T. 2006. Allocation of attention to portfolio companies and the performance of venture capital firms. Entrepreneurship Theory & Practice, 30(2): 185-206.
    • (2006) Entrepreneurship Theory & Practice , vol.30 , Issue.2 , pp. 185-206
    • Jääskeläinen, M.1    Maula, M.2    Seppä, T.3
  • 45
    • 0037507344 scopus 로고    scopus 로고
    • The optimal portfolio of start-up firms in venture capital finance
    • Kanniainen, V., & Keuschnigg, C. 2003. The optimal portfolio of start-up firms in venture capital finance. Journal of Corporate Finance, 9(5): 521-534.
    • (2003) Journal of Corporate Finance , vol.9 , Issue.5 , pp. 521-534
    • Kanniainen, V.1    Keuschnigg, C.2
  • 46
    • 3042649312 scopus 로고    scopus 로고
    • Start-up investment with scarce venture capital support
    • Kanniainen, V., & Keuschnigg, C. 2004. Start-up investment with scarce venture capital support. Journal of Banking and Finance, 28(8): 1935-1959.
    • (2004) Journal of Banking and Finance , vol.28 , Issue.8 , pp. 1935-1959
    • Kanniainen, V.1    Keuschnigg, C.2
  • 47
    • 23944516772 scopus 로고    scopus 로고
    • Private equity performance: Returns, persistence and capital flows
    • Kaplan, S. N., & Schoar, A. 2005. Private equity performance: Returns, persistence and capital flows. Journal of Finance, 60(4): 1791-1823.
    • (2005) Journal of Finance , vol.60 , Issue.4 , pp. 1791-1823
    • Kaplan, S.N.1    Schoar, A.2
  • 49
    • 2942644235 scopus 로고    scopus 로고
    • Venture capital backed growth
    • Keuschnigg, C. 2004. Venture capital backed growth. Journal of Economic Growth, 9(2): 239-261.
    • (2004) Journal of Economic Growth , vol.9 , Issue.2 , pp. 239-261
    • Keuschnigg, C.1
  • 51
    • 34249681331 scopus 로고    scopus 로고
    • Managing financial risk and uncertainty: The case of venture capital and buy-out funds
    • Kut, C., Pramborg, B., & Smolarski, J. 2007. Managing financial risk and uncertainty: The case of venture capital and buy-out funds. Global Business and Organizational Excellence, 26(2): 53-64.
    • (2007) Global Business and Organizational Excellence , vol.26 , Issue.2 , pp. 53-64
    • Kut, C.1    Pramborg, B.2    Smolarski, J.3
  • 55
    • 21844491518 scopus 로고
    • The syndication of venture capital investments
    • Lerner, J. 1994. The syndication of venture capital investments. Financial Management, 23(3): 16-27.
    • (1994) Financial Management , vol.23 , Issue.3 , pp. 16-27
    • Lerner, J.1
  • 56
    • 1542402022 scopus 로고    scopus 로고
    • The illiquidity puzzle: Theory and evidence from private equity
    • Lerner, J., & Schoar, A. 2004. The illiquidity puzzle: Theory and evidence from private equity. Journal of Financial Economics, 72(1): 3-40.
    • (2004) Journal of Financial Economics , vol.72 , Issue.1 , pp. 3-40
    • Lerner, J.1    Schoar, A.2
  • 57
    • 15544376362 scopus 로고    scopus 로고
    • Does legal enforcement affect financial transactions? The contractual channel in private equity
    • Lerner, J., & Schoar, A. 2005. Does legal enforcement affect financial transactions? The contractual channel in private equity. Quarterly Journal of Economics, 120(1): 223-246.
    • (2005) Quarterly Journal of Economics , vol.120 , Issue.1 , pp. 223-246
    • Lerner, J.1    Schoar, A.2
  • 63
    • 0038360004 scopus 로고    scopus 로고
    • Venture capitalists, investment appraisal and accounting information: A comparative study of the USA, UK, France, Belgium and Holland
    • Manigart, S., De Waele, K., Wright, M., Robbie, K., Desbrières, P., Sapienza, H., & Beekman, A. 2000. Venture capitalists, investment appraisal and accounting information: A comparative study of the USA, UK, France, Belgium and Holland. European Financial Management, 6(3): 389-403.
    • (2000) European Financial Management , vol.6 , Issue.3 , pp. 389-403
    • Manigart, S.1    De Waele, K.2    Wright, M.3    Robbie, K.4    Desbrières, P.5    Sapienza, H.6    Beekman, A.7
  • 68
    • 84977723575 scopus 로고
    • Venture capitalist certification in initial public offerings
    • Megginson, W. L., & Weiss, K. A. 1991. Venture capitalist certification in initial public offerings. Journal of Finance, 46(3): 879-903.
    • (1991) Journal of Finance , vol.46 , Issue.3 , pp. 879-903
    • Megginson, W.L.1    Weiss, K.A.2
  • 70
    • 0040080308 scopus 로고    scopus 로고
    • The returns to entrepreneurial investment: A private equity premium puzzle
    • Moskowitz, T., & Vissing-Jorgensen, A. 2002. The returns to entrepreneurial investment: A private equity premium puzzle? American Economic Review, 92(4): 745-778.
    • (2002) American Economic Review , vol.92 , Issue.4 , pp. 745-778
    • Moskowitz, T.1    Vissing-Jorgensen, A.2
  • 71
    • 17144418624 scopus 로고    scopus 로고
    • Exit timing of venture capitalists in the course of an initial public offering
    • Neus, W., & Walz, U. 2005. Exit timing of venture capitalists in the course of an initial public offering. Journal of Financial Intermediation, 14(2): 253-277.
    • (2005) Journal of Financial Intermediation , vol.14 , Issue.2 , pp. 253-277
    • Neus, W.1    Walz, U.2
  • 72
    • 44849126834 scopus 로고    scopus 로고
    • Institutional investors and private equity
    • Nielsen, K. M. 2008. Institutional investors and private equity. Review of Finance, 12(1): 185-219.
    • (2008) Review of Finance , vol.12 , Issue.1 , pp. 185-219
    • Nielsen, K.M.1
  • 73
    • 34548093310 scopus 로고    scopus 로고
    • The impact of corporate governance mechanisms on value increase in leveraged buyouts
    • Nikoskelainen, E., & Wright, M. 2007. The impact of corporate governance mechanisms on value increase in leveraged buyouts. Journal of Corporate Finance, 13(4): 511-537.
    • (2007) Journal of Corporate Finance , vol.13 , Issue.4 , pp. 511-537
    • Nikoskelainen, E.1    Wright, M.2
  • 74
    • 84892702170 scopus 로고    scopus 로고
    • Estimating standard errors in finance panel data sets: Comparing approaches
    • Petersen, M. A. 2009. Estimating standard errors in finance panel data sets: Comparing approaches. Review of Financial Studies, 22(1): 435-480.
    • (2009) Review of Financial Studies , vol.22 , Issue.1 , pp. 435-480
    • Petersen, M.A.1
  • 76
    • 0034009792 scopus 로고    scopus 로고
    • The Heckman correction for sample selection and its critique
    • Puhani, P. A. 2000. The Heckman correction for sample selection and its critique. Journal of Economic Surveys, 14(1): 53-68.
    • (2000) Journal of Economic Surveys , vol.14 , Issue.1 , pp. 53-68
    • Puhani, P.A.1
  • 77
    • 33947395642 scopus 로고    scopus 로고
    • The impact of legal and voluntary investor protection on the early adoption of international financial reporting standards (IFRS)
    • Renders, A., & Gaeremynck, A. 2007. The impact of legal and voluntary investor protection on the early adoption of International Financial Reporting Standards (IFRS). De Economist, 155(1): 49-72.
    • (2007) De Economist , vol.155 , Issue.1 , pp. 49-72
    • Renders, A.1    Gaeremynck, A.2
  • 78
    • 0000887602 scopus 로고
    • The structure and governance of venture capital organizations
    • Sahlman, W. A. 1990. The structure and governance of venture capital organizations. Journal of Financial Economics, 27(2): 473-521.
    • (1990) Journal of Financial Economics , vol.27 , Issue.2 , pp. 473-521
    • Sahlman, W.A.1
  • 79
    • 0030295259 scopus 로고    scopus 로고
    • Venture capitalist governance and value-added in four countries
    • Sapienza, H., Manigart, S., & Vermeir, W. 1996. Venture capitalist governance and value-added in four countries. Journal of Business Venturing, 11(6): 439-469.
    • (1996) Journal of Business Venturing , vol.11 , Issue.6 , pp. 439-469
    • Sapienza, H.1    Manigart, S.2    Vermeir, W.3
  • 80
    • 0030305172 scopus 로고    scopus 로고
    • Do stock prices fully reflect information in accruals and cash flows about future earnings
    • Sloan, R. 1996. Do stock prices fully reflect information in accruals and cash flows about future earnings? The Accounting Review, 71(3): 289-315.
    • (1996) The Accounting Review , vol.71 , Issue.3 , pp. 289-315
    • Sloan, R.1
  • 81
    • 0142219284 scopus 로고    scopus 로고
    • Convertible securities and venture capital finance
    • Schmidt, K. M. 2003. Convertible securities and venture capital finance. Journal of Finance, 58(3): 1139-1166.
    • (2003) Journal of Finance , vol.58 , Issue.3 , pp. 1139-1166
    • Schmidt, K.M.1
  • 83
    • 84986014892 scopus 로고    scopus 로고
    • Investment analysis in the private equity industry: A study of La Porta's argument
    • Smolarski, J. 2007. Investment analysis in the private equity industry: A study of La Porta's argument. International Journal of Emerging Markets, 2(4): 335-347.
    • (2007) International Journal of Emerging Markets , vol.2 , Issue.4 , pp. 335-347
    • Smolarski, J.1
  • 84
    • 0034377306 scopus 로고    scopus 로고
    • Credibility of voluntary disclosure
    • Stocken, P. C. 2000. Credibility of voluntary disclosure. RAND Journal of Economics, 31(2): 359-374.
    • (2000) RAND Journal of Economics , vol.31 , Issue.2 , pp. 359-374
    • Stocken, P.C.1
  • 89
    • 84984199207 scopus 로고
    • Disclosure policy, information asymmetry, and liquidity in equity markets
    • Welker, M. 1995. Disclosure policy, information asymmetry, and liquidity in equity markets. Contemporary Accounting Research, 11(2): 801-827.
    • (1995) Contemporary Accounting Research , vol.11 , Issue.2 , pp. 801-827
    • Welker, M.1
  • 90
    • 34547375018 scopus 로고    scopus 로고
    • Venture capital in China: A view from Europe
    • Wright, M. 2007. Venture capital in China: A view from Europe. Asia Pacific Journal of Management, 24(3): 269-281.
    • (2007) Asia Pacific Journal of Management , vol.24 , Issue.3 , pp. 269-281
    • Wright, M.1
  • 91
    • 0344118821 scopus 로고    scopus 로고
    • The structure and management of alliances: Syndication in the venture capital industry
    • Wright, M., & Lockett, A. 2003. The structure and management of alliances: Syndication in the venture capital industry. Journal of Management Studies, 40(8): 2073-2102.
    • (2003) Journal of Management Studies , vol.40 , Issue.8 , pp. 2073-2102
    • Wright, M.1    Lockett, A.2
  • 93
    • 29344446796 scopus 로고    scopus 로고
    • International venture capital research: From cross-country comparisons to crossing borders
    • Wright, M., Pruthi, S., & Lockett, A. 2005. International venture capital research: from cross-country comparisons to crossing borders. International Journal of Management Reviews, 7(3): 135-165.
    • (2005) International Journal of Management Reviews , vol.7 , Issue.3 , pp. 135-165
    • Wright, M.1    Pruthi, S.2    Lockett, A.3
  • 94
    • 0035639864 scopus 로고    scopus 로고
    • The mispricing of abnormal accruals
    • Xie, H. 2001. The mispricing of abnormal accruals. The Accounting Review, 76(3): 357-373.
    • (2001) The Accounting Review , vol.76 , Issue.3 , pp. 357-373
    • Xie, H.1
  • 95
    • 34548058690 scopus 로고    scopus 로고
    • Venture capitalists' decision policies across three countries: An institutional theory perspective
    • Zacharakis, A. L., McMullen, J., & Shepherd, D. A. 2007. Venture capitalists' decision policies across three countries: An institutional theory perspective. Journal of International Business Studies, 38(5): 691-708.
    • (2007) Journal of International Business Studies , vol.38 , Issue.5 , pp. 691-708
    • Zacharakis, A.L.1    Mcmullen, J.2    Shepherd, D.A.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.