메뉴 건너뛰기




Volumn 19, Issue 6, 2011, Pages 601-621

Shareholders' rights and the effect of the origin of venture capital firms on the underpricing of US IPOs

Author keywords

Corporate governance; Initial public offerings; Institutional theory; Legal protection rights; Underpricing; Venture capital

Indexed keywords


EID: 80054901221     PISSN: 09648410     EISSN: 14678683     Source Type: Journal    
DOI: 10.1111/j.1467-8683.2011.00857.x     Document Type: Article
Times cited : (22)

References (82)
  • 1
    • 21144478930 scopus 로고
    • The effect of the trading system on the underpricing of initial public offerings
    • Affleck-Graves, J., Hedge, S., Miller, R., & Reilly, F. 1993. The effect of the trading system on the underpricing of initial public offerings. Financial Management, 22: 99-108.
    • (1993) Financial Management , vol.22 , pp. 99-108
    • Affleck-Graves, J.1    Hedge, S.2    Miller, R.3    Reilly, F.4
  • 2
    • 0038711743 scopus 로고    scopus 로고
    • The cross-national diversity of corporate governance: Dimensions and determinants
    • Aguilera, R. & Jackson, G. 2003. The cross-national diversity of corporate governance: Dimensions and determinants. Academy of Management Review, 28: 447-465.
    • (2003) Academy of Management Review , vol.28 , pp. 447-465
    • Aguilera, R.1    Jackson, G.2
  • 3
    • 46749095659 scopus 로고    scopus 로고
    • An organizational approach to comparative corporate governance costs, contingencies, and complementarities
    • Aguilera, R., Filatotchev, I., Gospel, H., & Jackson, G. 2008. An organizational approach to comparative corporate governance costs, contingencies, and complementarities. Organization Science, 19: 475-492.
    • (2008) Organization Science , vol.19 , pp. 475-492
    • Aguilera, R.1    Filatotchev, I.2    Gospel, H.3    Jackson, G.4
  • 4
    • 0001671710 scopus 로고
    • The role of venture capital in the creation of public companies: Evidence from the going-public process
    • Barry, C., Muscarella, C., Peavy, J., & Michael, V. 1990. The role of venture capital in the creation of public companies: Evidence from the going-public process. Journal of Financial Economics, 27: 447-471.
    • (1990) Journal of Financial Economics , vol.27 , pp. 447-471
    • Barry, C.1    Muscarella, C.2    Peavy, J.3    Michael, V.4
  • 5
    • 37149005683 scopus 로고
    • Investments banking reputation and underpricing of initial public offerings
    • Beatty, R. & Ritter, J. 1986. Investments banking reputation and underpricing of initial public offerings. Journal of Financial Economics, 15: 213-232.
    • (1986) Journal of Financial Economics , vol.15 , pp. 213-232
    • Beatty, R.1    Ritter, J.2
  • 6
    • 33745787883 scopus 로고    scopus 로고
    • Does corporate governance predict firm's market values? Evidence from Korea
    • Black, B., Jang, H., & Kim, W. 2006. Does corporate governance predict firm's market values? Evidence from Korea. Journal of Law, Economics, and Organization, 22: 366-413.
    • (2006) Journal of Law, Economics, and Organization , vol.22 , pp. 366-413
    • Black, B.1    Jang, H.2    Kim, W.3
  • 7
    • 77952172617 scopus 로고    scopus 로고
    • Governance, ownership structure, and performance of IPO firms: The impact of different types of private equity investors and legal institutions in two European nations
    • Bruton, G., Filatotchev, I., Chahine, S., & Wright, M. 2010. Governance, ownership structure, and performance of IPO firms: The impact of different types of private equity investors and legal institutions in two European nations. Strategic Management Journal, 31: 491-509.
    • (2010) Strategic Management Journal , vol.31 , pp. 491-509
    • Bruton, G.1    Filatotchev, I.2    Chahine, S.3    Wright, M.4
  • 9
    • 0031477023 scopus 로고    scopus 로고
    • A prisoner's dilemma approach to entrepreneur-venture capitalist relationships
    • Cable, D. & Shane, S. 1997. A prisoner's dilemma approach to entrepreneur-venture capitalist relationships. The Academy of Management Review, 22: 142-176.
    • (1997) The Academy of Management Review , vol.22 , pp. 142-176
    • Cable, D.1    Shane, S.2
  • 10
    • 0037857038 scopus 로고    scopus 로고
    • Signaling firm value through board structure: An investigation of initial public offerings
    • Certo, T., Daily, C., & Dalton, D. 2001. Signaling firm value through board structure: An investigation of initial public offerings. Entrepreneurship: Theory and Practice, 26(2): 33-50.
    • (2001) Entrepreneurship: Theory and Practice , vol.26 , Issue.2 , pp. 33-50
    • Certo, T.1    Daily, C.2    Dalton, D.3
  • 11
    • 41449111242 scopus 로고    scopus 로고
    • Information disclosure, corporate governance, and performance of IPOs
    • Chahine, S. & Filatotchev, I. 2008. Information disclosure, corporate governance, and performance of IPOs. Journal of Small Business Management, 46: 219-241.
    • (2008) Journal of Small Business Management , vol.46 , pp. 219-241
    • Chahine, S.1    Filatotchev, I.2
  • 14
    • 34249807054 scopus 로고    scopus 로고
    • Venture capitalists, business angels, and performance of entrepreneurial IPOs in the UK and France
    • Chahine, S., Filatotchev, I., & Wright, M. 2007. Venture capitalists, business angels, and performance of entrepreneurial IPOs in the UK and France. Journal of Business Finance and Accounting, 34: 505-528.
    • (2007) Journal of Business Finance and Accounting , vol.34 , pp. 505-528
    • Chahine, S.1    Filatotchev, I.2    Wright, M.3
  • 15
    • 79952712246 scopus 로고    scopus 로고
    • Building reputation and underpricing trend in venture capital backed IPOs
    • Chahine, S., Filatotchev, I., & Zahra, S. 2011. Building reputation and underpricing trend in venture capital backed IPOs. Entrepreneurship: Theory and Practice, 35: 319-335.
    • (2011) Entrepreneurship: Theory and Practice , vol.35 , pp. 319-335
    • Chahine, S.1    Filatotchev, I.2    Zahra, S.3
  • 16
    • 0000200532 scopus 로고    scopus 로고
    • Expropriation of minority shareholders in East Asia
    • Claessens, S., Djankov, S., Fan, J., & Lang, L. 2002. Expropriation of minority shareholders in East Asia. Journal of Finance, 57: 2741-2771.
    • (2002) Journal of Finance , vol.57 , pp. 2741-2771
    • Claessens, S.1    Djankov, S.2    Fan, J.3    Lang, L.4
  • 17
    • 52449132640 scopus 로고    scopus 로고
    • Contracts and exits in venture capital finance
    • Cumming, D. 2008. Contracts and exits in venture capital finance. Review of Financial Studies, 21: 1947-1982.
    • (2008) Review of Financial Studies , vol.21 , pp. 1947-1982
    • Cumming, D.1
  • 19
    • 70449626242 scopus 로고    scopus 로고
    • Legality and venture capital governance around the world
    • Cumming, D., Schmidt, D., & Walz, U. 2010. Legality and venture capital governance around the world. Journal of Business Venturing, 25: 54-72.
    • (2010) Journal of Business Venturing , vol.25 , pp. 54-72
    • Cumming, D.1    Schmidt, D.2    Walz, U.3
  • 20
    • 42249103289 scopus 로고    scopus 로고
    • Internal knowledge development and external knowledge access in venture capital investment performance
    • De Clercq, D. & Dimov, D. 2008. Internal knowledge development and external knowledge access in venture capital investment performance. Journal of Management Studies, 45: 585-612.
    • (2008) Journal of Management Studies , vol.45 , pp. 585-612
    • De Clercq, D.1    Dimov, D.2
  • 21
    • 0034339147 scopus 로고    scopus 로고
    • Privatization in emerging economies: An agency theory perspective
    • Dharwadkar, R., George, G., & Brandes, P. 2000. Privatization in emerging economies: An agency theory perspective. Academy of Management Review, 25: 650-669.
    • (2000) Academy of Management Review , vol.25 , pp. 650-669
    • Dharwadkar, R.1    George, G.2    Brandes, P.3
  • 23
    • 33745472164 scopus 로고    scopus 로고
    • Foreign and domestic ownership, business groups, and firm performance: Evidence from a large emerging market
    • Douma, S., George, R., & Kabir, R. 2006. Foreign and domestic ownership, business groups, and firm performance: Evidence from a large emerging market. Strategic Management Journal, 27: 637-657.
    • (2006) Strategic Management Journal , vol.27 , pp. 637-657
    • Douma, S.1    George, R.2    Kabir, R.3
  • 24
    • 77953534434 scopus 로고    scopus 로고
    • Underpricing of IPOs: Firm-, issue-, and country-specific characteristics
    • Engelen, P.-J. & Van Essen, M. 2010. Underpricing of IPOs: Firm-, issue-, and country-specific characteristics. Journal of Banking & Finance, 34: 1958-1969.
    • (2010) Journal of Banking & Finance , vol.34 , pp. 1958-1969
    • Engelen, P.-J.1    Van Essen, M.2
  • 25
  • 26
    • 0012073772 scopus 로고    scopus 로고
    • The expiration of IPO share lockups
    • Field, L. C. & Hanka, G. 2001. The expiration of IPO share lockups. Journal of Finance, 56: 471-500.
    • (2001) Journal of Finance , vol.56 , pp. 471-500
    • Field, L.C.1    Hanka, G.2
  • 27
    • 0036783881 scopus 로고    scopus 로고
    • Board composition, share ownership, and underpricing of U.K. firms
    • Filatotchev, I. & Bishop, K. 2002. Board composition, share ownership, and underpricing of U.K. firms. Strategic Management Journal, 23: 941-955.
    • (2002) Strategic Management Journal , vol.23 , pp. 941-955
    • Filatotchev, I.1    Bishop, K.2
  • 28
    • 85192555100 scopus 로고    scopus 로고
    • Venture capital and modern capitalism
    • V. Nee & R. Swedberg (Eds.), Princeton, NJ: Princeton University Press
    • Freeman, J. 2005. Venture capital and modern capitalism. In V. Nee & R. Swedberg (Eds.), The economic sociology of capitalism: 144-167. Princeton, NJ: Princeton University Press.
    • (2005) The economic sociology of capitalism , pp. 144-167
    • Freeman, J.1
  • 29
    • 84993858218 scopus 로고
    • Optimal investment, monitoring, and the staging of venture capital
    • Gompers, P. 1995. Optimal investment, monitoring, and the staging of venture capital. Journal of Finance, 50: 1461-1489.
    • (1995) Journal of Finance , vol.50 , pp. 1461-1489
    • Gompers, P.1
  • 30
    • 0030240848 scopus 로고    scopus 로고
    • Grandstanding in the venture capital industry
    • Gompers, P. 1996. Grandstanding in the venture capital industry. Journal of Financial Economics, 42: 133-156.
    • (1996) Journal of Financial Economics , vol.42 , pp. 133-156
    • Gompers, P.1
  • 33
    • 76849094152 scopus 로고    scopus 로고
    • Institutions and the internationalization of US venture capital firms
    • Guler, I. & Guillen, M. 2010. Institutions and the internationalization of US venture capital firms. Journal of International Business Studies, 41: 185-205.
    • (2010) Journal of International Business Studies , vol.41 , pp. 185-205
    • Guler, I.1    Guillen, M.2
  • 34
    • 0000975175 scopus 로고    scopus 로고
    • Institutional affiliation and the role of venture capital: Evidence from initial public offerings in Japan
    • Hamao, Y., Packer, F., & Ritter, J. 2000. Institutional affiliation and the role of venture capital: Evidence from initial public offerings in Japan. Pacific-Basin Finance Journal, 8: 529-558.
    • (2000) Pacific-Basin Finance Journal , vol.8 , pp. 529-558
    • Hamao, Y.1    Packer, F.2    Ritter, J.3
  • 35
    • 80054922855 scopus 로고    scopus 로고
    • Success in global venture capital investing: Do institutional and cultural differences matter? Working Paper, City University of New York
    • Hazarika, S., Nahata, R., & Tandon, K. 2009. Success in global venture capital investing: Do institutional and cultural differences matter? Working Paper, City University of New York.
    • (2009)
    • Hazarika, S.1    Nahata, R.2    Tandon, K.3
  • 36
    • 0000125534 scopus 로고
    • Sample selection bias as a specification error
    • Heckman, J. 1979. Sample selection bias as a specification error. Econometrica, 47: 153-161.
    • (1979) Econometrica , vol.47 , pp. 153-161
    • Heckman, J.1
  • 37
    • 0032387703 scopus 로고    scopus 로고
    • The allocation of control rights in venture capital contracts
    • Hellmann, T. 1998. The allocation of control rights in venture capital contracts. The Rand Journal of Economics, 29: 57-76.
    • (1998) The Rand Journal of Economics , vol.29 , pp. 57-76
    • Hellmann, T.1
  • 38
    • 0038509933 scopus 로고    scopus 로고
    • Getting off to a start: The effects of upper echelon affiliations on prestige of investment bank and IPO success
    • Higgins, M. & Gulati, R. 2003. Getting off to a start: The effects of upper echelon affiliations on prestige of investment bank and IPO success. Organization Science, 14: 244-263.
    • (2003) Organization Science , vol.14 , pp. 244-263
    • Higgins, M.1    Gulati, R.2
  • 39
    • 80054928294 scopus 로고    scopus 로고
    • Venture capital and corporate governance of in the newly public firm, Working Paper, Northwestern University
    • Hochberg, Y. 2008. Venture capital and corporate governance of in the newly public firm, Working Paper, Northwestern University.
    • (2008)
    • Hochberg, Y.1
  • 40
    • 28144464839 scopus 로고    scopus 로고
    • Diversified business groups and corporate refocusing in emerging economies
    • Hoskisson, R., Johnson, R., Tihanyi, L., & White, R. 2005. Diversified business groups and corporate refocusing in emerging economies. Journal of Management, 31: 941-965.
    • (2005) Journal of Management , vol.31 , pp. 941-965
    • Hoskisson, R.1    Johnson, R.2    Tihanyi, L.3    White, R.4
  • 42
    • 0001244650 scopus 로고    scopus 로고
    • The determinants of venture capital funding: Evidence across countries
    • Jeng, L. & Wells, P. 2000. The determinants of venture capital funding: Evidence across countries. Journal of Corporate Finance, 6: 241-289.
    • (2000) Journal of Corporate Finance , vol.6 , pp. 241-289
    • Jeng, L.1    Wells, P.2
  • 43
    • 6344239443 scopus 로고    scopus 로고
    • Bids and Allocation in European IPO Book-Building
    • Jenkinson, T. & Jones, H. 2004. Bids and Allocation in European IPO Book-Building. Journal of Finance, 59: 2309-2339.
    • (2004) Journal of Finance , vol.59 , pp. 2309-2339
    • Jenkinson, T.1    Jones, H.2
  • 44
    • 6344230194 scopus 로고    scopus 로고
    • Characteristics, contracts, and actions: Evidence from venture capitalist Analyses
    • Kaplan, S. & Stromberg, P. 2004. Characteristics, contracts, and actions: Evidence from venture capitalist Analyses. Journal of Finance, 59: 2177-2210.
    • (2004) Journal of Finance , vol.59 , pp. 2177-2210
    • Kaplan, S.1    Stromberg, P.2
  • 45
  • 46
    • 8844252399 scopus 로고    scopus 로고
    • Corporate governance, investor protection, and performance in emerging markets
    • Klapper, L. & Love, I. 2004. Corporate governance, investor protection, and performance in emerging markets. Journal of Corporate Finance, 10: 703-728.
    • (2004) Journal of Corporate Finance , vol.10 , pp. 703-728
    • Klapper, L.1    Love, I.2
  • 52
    • 3242758176 scopus 로고    scopus 로고
    • Grandstanding, certification and the underpricing of venture backed IPOs
    • Lee, P. & Wahal, S. 2004. Grandstanding, certification and the underpricing of venture backed IPOs. Journal of Financial Economics, 73: 375-407.
    • (2004) Journal of Financial Economics , vol.73 , pp. 375-407
    • Lee, P.1    Wahal, S.2
  • 53
    • 84993865817 scopus 로고
    • Venture capitalists and the oversight of private firms
    • Lerner, J. 1995. Venture capitalists and the oversight of private firms. Journal of Finance, 10: 301-318.
    • (1995) Journal of Finance , vol.10 , pp. 301-318
    • Lerner, J.1
  • 54
    • 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: 223-246.
    • (2005) Quarterly Journal of Economics , vol.120 , pp. 223-246
    • Lerner, J.1    Schoar, A.2
  • 55
    • 80054909259 scopus 로고    scopus 로고
    • Venture capital investments by IPO underwriters: Certification alignment or moral hazard? Working Paper, Vanderbuilt University
    • Li, X. & Masulis, R. 2004. Venture capital investments by IPO underwriters: Certification alignment or moral hazard? Working Paper, Vanderbuilt University.
    • (2004)
    • Li, X.1    Masulis, R.2
  • 56
    • 34249784157 scopus 로고    scopus 로고
    • The certification role of large block shareholders in initial public offerings: The case of venture capitalists
    • Lin, T. 1996. The certification role of large block shareholders in initial public offerings: The case of venture capitalists. Quarterly Journal of Business and Economics, 35: 55-66.
    • (1996) Quarterly Journal of Business and Economics , vol.35 , pp. 55-66
    • Lin, T.1
  • 57
    • 0344685289 scopus 로고    scopus 로고
    • Global integration in primary equity markets: The role of US banks and US investors
    • Ljungqvist, A., Jenkinson, T., & Wilhelm, W. 2003. Global integration in primary equity markets: The role of US banks and US investors. Review of Financial Studies, 16: 63-99.
    • (2003) Review of Financial Studies , vol.16 , pp. 63-99
    • Ljungqvist, A.1    Jenkinson, T.2    Wilhelm, W.3
  • 58
    • 0036108222 scopus 로고    scopus 로고
    • Why don't issuers get upset about leaving money on the table in IPOs?
    • Loughran, T. & Ritter, J. 2002. Why don't issuers get upset about leaving money on the table in IPOs? Review of Financial Studies, 15: 413-443.
    • (2002) Review of Financial Studies , vol.15 , pp. 413-443
    • Loughran, T.1    Ritter, J.2
  • 59
    • 6344270172 scopus 로고    scopus 로고
    • Why has IPO underpricing changed over time?
    • Loughran, T. & Ritter, J. 2004. Why has IPO underpricing changed over time? Financial Management, 33(3): 5-37.
    • (2004) Financial Management , vol.33 , Issue.3 , pp. 5-37
    • Loughran, T.1    Ritter, J.2
  • 60
    • 75849134255 scopus 로고    scopus 로고
    • The impact of liability of foreignness on international venture capital firms in Singapore
    • Lu, Q. & Hwang, P. 2010. The impact of liability of foreignness on international venture capital firms in Singapore. Asia Pacific Journal of Management, 27: 81-97.
    • (2010) Asia Pacific Journal of Management , vol.27 , pp. 81-97
    • Lu, Q.1    Hwang, P.2
  • 61
    • 38249005593 scopus 로고
    • Going public: The impact of insider's holdings on the price of initial public offering
    • McBain, M. & Krause, D. 1989. Going public: The impact of insider's holdings on the price of initial public offering. Journal of Business Venturing, 4: 419-428.
    • (1989) Journal of Business Venturing , vol.4 , pp. 419-428
    • McBain, M.1    Krause, D.2
  • 62
    • 80054883085 scopus 로고    scopus 로고
    • McKinsey & Company. Global investor opinion survey: Key findings, online
    • McKinsey & Company 2002. Global investor opinion survey: Key findings, online.
    • (2002)
  • 63
    • 27144463958 scopus 로고    scopus 로고
    • Cross-border venture capital and new venture internationalization: An isomorphism perspective
    • Mäkelä, M. & Maula, M. 2005. Cross-border venture capital and new venture internationalization: An isomorphism perspective. Venture Capital, 7: 227-257.
    • (2005) Venture Capital , vol.7 , pp. 227-257
    • Mäkelä, M.1    Maula, M.2
  • 64
    • 42449123076 scopus 로고    scopus 로고
    • Attracting cross-border venture capital: The role of local investor
    • Mäkelä, M. & Maula, M. 2008. Attracting cross-border venture capital: The role of local investor. Entrepreneurship and Regional Development, 20: 237-257.
    • (2008) Entrepreneurship and Regional Development , vol.20 , pp. 237-257
    • Mäkelä, M.1    Maula, M.2
  • 65
    • 84977723575 scopus 로고
    • Venture capitalist certification in initial public offerings
    • Megginson, W. & Weiss, K. 1991. Venture capitalist certification in initial public offerings. Journal of Finance, 46: 879-903.
    • (1991) Journal of Finance , vol.46 , pp. 879-903
    • Megginson, W.1    Weiss, K.2
  • 66
    • 78049300967 scopus 로고    scopus 로고
    • Cross border private equity syndication: Cultural barriers, legal context, and learning
    • Meuleman, M. & Wright, M. 2010. Cross border private equity syndication: Cultural barriers, legal context, and learning. Journal of Business Venturing, 26: 35-48.
    • (2010) Journal of Business Venturing , vol.26 , pp. 35-48
    • Meuleman, M.1    Wright, M.2
  • 67
    • 0031161492 scopus 로고    scopus 로고
    • Ownership and operating performance of companies that go public
    • Mikkelson, W., Partch, M., & Shah, K. 1997. Ownership and operating performance of companies that go public. Journal of Financial Economics, 44: 281-307.
    • (1997) Journal of Financial Economics , vol.44 , pp. 281-307
    • Mikkelson, W.1    Partch, M.2    Shah, K.3
  • 68
    • 17144418624 scopus 로고    scopus 로고
    • Exit timing of venture capitalists in the course of an initial public offering
    • Neus, W. & Walz, U. 2003. Exit timing of venture capitalists in the course of an initial public offering. Journal of Financial Intermediation, 14: 253-277.
    • (2003) Journal of Financial Intermediation , vol.14 , pp. 253-277
    • Neus, W.1    Walz, U.2
  • 71
    • 13444289767 scopus 로고    scopus 로고
    • Do foreign and domestic venture capital firms differ in their monitoring of investees?
    • Pruthi, S., Wright, M., & Lockett, A. 2003. Do foreign and domestic venture capital firms differ in their monitoring of investees? Asia Pacific Journal of Management, 20: 175-204.
    • (2003) Asia Pacific Journal of Management , vol.20 , pp. 175-204
    • Pruthi, S.1    Wright, M.2    Lockett, A.3
  • 72
    • 0030101180 scopus 로고    scopus 로고
    • Commercial banks in investment banking: Conflict of interest or certification role?
    • Puri, M. 1996. Commercial banks in investment banking: Conflict of interest or certification role? Journal of Financial Economics, 40: 373-401.
    • (1996) Journal of Financial Economics , vol.40 , pp. 373-401
    • Puri, M.1
  • 73
    • 0001609305 scopus 로고    scopus 로고
    • Commercial banks as underwriters: Implications for the going public process
    • Puri, M. 1999. Commercial banks as underwriters: Implications for the going public process. Journal of Financial Economics, 54: 133-163.
    • (1999) Journal of Financial Economics , vol.54 , pp. 133-163
    • Puri, M.1
  • 75
    • 0001026456 scopus 로고    scopus 로고
    • A survey of corporate governance
    • Shleifer, A. & Vishny, R. 1997. A survey of corporate governance. Journal of Finance, 52: 737-783.
    • (1997) Journal of Finance , vol.52 , pp. 737-783
    • Shleifer, A.1    Vishny, R.2
  • 76
    • 60649116047 scopus 로고    scopus 로고
    • The impact of venture capital backing on the corporate governance of Australian initial public offerings
    • Suchard, J.-A. 2009. The impact of venture capital backing on the corporate governance of Australian initial public offerings. Journal of Banking and Finance, 33: 765-774.
    • (2009) Journal of Banking and Finance , vol.33 , pp. 765-774
    • Suchard, J.-A.1
  • 77
    • 80054947697 scopus 로고    scopus 로고
    • Are IPOs of different VCs different? Working Paper, Goethe University
    • Tykvova, T. & Walz, U. 2004. Are IPOs of different VCs different? Working Paper, Goethe University.
    • (2004)
    • Tykvova, T.1    Walz, U.2
  • 78
    • 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, 8: 2073-2102.
    • (2003) Journal of Management Studies , vol.8 , pp. 2073-2102
    • Wright, M.1    Lockett, A.2
  • 79
    • 44049122590 scopus 로고
    • Venture capital and management-led leveraged buy-outs: A European perspective
    • Wright, M., Thompson, S., & Robbie, K. 1992. Venture capital and management-led leveraged buy-outs: A European perspective. Journal of Business Venturing, 7: 47-71.
    • (1992) Journal of Business Venturing , vol.7 , pp. 47-71
    • Wright, M.1    Thompson, S.2    Robbie, K.3
  • 80
    • 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: 135-166.
    • (2005) International Journal of Management Reviews , vol.7 , pp. 135-166
    • Wright, M.1    Pruthi, S.2    Lockett, A.3
  • 81
    • 84993045814 scopus 로고
    • Overcoming the liability of foreignness
    • Zaheer, S. 1995. Overcoming the liability of foreignness. Academy of Management Journal, 38: 341-363.
    • (1995) Academy of Management Journal , vol.38 , pp. 341-363
    • Zaheer, S.1
  • 82
    • 21344488480 scopus 로고
    • The value of the voting right: A study of the Milan stock exchange experience
    • Zingales, L. 1994. The value of the voting right: A study of the Milan stock exchange experience. The Review of Financial Studies, 7: 125-148.
    • (1994) The Review of Financial Studies , vol.7 , pp. 125-148
    • Zingales, L.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.