On the Life Cycle Dynamics of Venture-Capital- and Non-Venture-Capital-Financed Firms

Journal of Finance

Volumn 67, Issue 6, 2012, Pages 2247-2293

  Puri, Manju ^a   Zarutskie, Rebecca ^a  

^a DUKE UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84869761706     PISSN: 00221082     EISSN: 15406261     Source Type: Journal    
DOI: 10.1111/j.1540-6261.2012.01786.x     Document Type: Article

References (28)

1. Abadie, Alberto, and Guido W. Imbens, 2006, Large sample properties of matching estimators for average treatment effects, Econometrica 74, 235-267.
2. Baker, Malcolm, and Paul A. Gompers, 1999, Executive ownership and control in newly public firms: The role of venture capitalists, Working paper, Harvard Business School.
3. Baron, James N., Michael T. Hannan, and M. Diane Burton, 1999, Building the iron cage: Determinants of managerial intensity in the early years of organizations, American Sociological Review 64, 527-547.
4. Barry, Christopher B., Chris J. Muscarella, John W. Peavey III, and Michael R. Vetsuypens, 1990, The role of venture capital in the creation of public companies, Journal of Financial Economics 27, 447-471.
5. Botazzi, Laura, Thomas Hellmann, and Marco da Rin, 2008, Who are the active investors? Evidence from venture capital, Journal of Financial Economics 89, 488-512.
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, 1791-1821.
7. Chemmanur, Thomas J., Krishnan Karthik, and Debarshi Nandy, 2009, How does venture capital improve the efficiency of private firms? A look beneath the surface, Working paper, York University.
8. Clementi, Gina Luca, and Hugo A. Hopenhayn, 2006, A theory of financing constraints and firm dynamics, Quarterly Journal of Economics 121, 229-265.
9. Cooley, Thomas F., and Vincenzo Quadrini, 2001, Financial markets and firm dynamics, American Economic Review 91, 1286-1310.
10. Desai, Mihir, Paul Gompers, and Josh Lerner, 2003, Institutions, capital constraints and firm dynamics: Evidence from Europe, NBER working paper no. 10165.
11. Gompers, Paul A., 1996 Grandstanding in the venture capital industry, Journal of Financial Economics 42, 133-156.
12. Gompers, Paul, and Josh Lerner, 2001, The venture capital revolution, Journal of Economic Perspectives 15, 145-168
13. Hellmann, Thomas, and Manju Puri, 2000, The interaction between product market and financing strategy: The role of venture capital, Review of Financial Studies 13, 959-984.
14. Hellmann, Thomas, and Manju Puri, 2002, Venture capital and the professionalization of start-up firms: Empirical evidence, Journal of Finance 57, 169-197.
15. Hsu, David H., 2004, What do entrepreneurs pay for venture capital affiliation Journal of Finance 59, 1805-1844.
16. Jarmin, Ron S., and Javier Miranda, 2002, The longitudinal business database, CES working paper no. 02-17.
17. Kaplan, Steven N., and Antoinette Schoar, 2005, Private equity performance: Returns, persistence, and capital flows, Journal of Finance 60, 1791-1823.
18. Kaplan, Steven N., Berk A. Sensoy, and Per Strömberg, 2002, How well do venture capital databases reflect actual investments?, Working paper, University of Chicago.
19. Kaplan, Steven N., Berk A. Sensoy, and Per Strömberg, 2009, Should investors bet on the jockey or the horse? Evidence from the evolution of firms from early business plans to public companies, Journal of Finance 64, 75-115.
20. Kaplan, Steven N., and Per Strömberg, 2003, Financial contracting theory meets the real world: Evidence from venture capital contracts, Review of Economic Studies 70, 281-315.
21. Kaplan, Steven N., and Per Strömberg, 2004, Characteristics, contracts, and actions: Evidence from venture capitalist analyses, Journal of Finance 59, 2177-2210.
22. Kortum, Samuel, and Josh Lerner, 2000, Assessing the contribution of venture capital to innovation, Rand Journal of Economics 31, 674-692.
23. Landier, Augustin, 2003, Entrepreneurial finance: From banks to venture capital, Working paper, University of Chicago.
24. Lerner, Josh, 1995, Venture capitalists and the oversight of private firms, Journal of Finance 50, 301-318.
25. Lindsey, Laura, 2008, Blurring the boundaries: The role of venture capital in strategic alliances, Journal of Finance 63, 1137-1168.
26. Megginson, William L., and Kathleen A. Weiss, 1991, Venture capital certification in initial public offerings, Journal of Finance 46, 879-893.
27. Sørensen, Morten, 2007, How smart is smart money? An empirical two-sided matching model of venture capital, Journal of Finance 62, 2725-2762.
28. Zarutskie, Rebecca, 2010, The role of top management team human capital in venture capital markets: Evidence from first-time funds, Journal of Business Venturing 25, 155-172.