메뉴 건너뛰기




Volumn 107, Issue 3, 2013, Pages 655-670

Strategic alliances, venture capital, and exit decisions in early stage high-tech firms

Author keywords

Initial public offering; Strategic alliance; Venture capital

Indexed keywords


EID: 84875499444     PISSN: 0304405X     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jfineco.2012.09.009     Document Type: Article
Times cited : (105)

References (38)
  • 1
    • 33644695999 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., Vetsuypens M.R. The role of venture capital in the creation of public companies. evidence from the going-public process. Journal of Financial Economics 1990, 15:213-232.
    • (1990) Journal of Financial Economics , vol.15 , pp. 213-232
    • Barry, C.1    Muscarella, C.2    Peavy, J.3    Vetsuypens, M.R.4
  • 3
    • 84977731975 scopus 로고
    • Initial public offerings and underwriter reputation
    • Carter R.B., Manaster S. Initial public offerings and underwriter reputation. Journal of Finance 1990, 45:1045-1067.
    • (1990) Journal of Finance , vol.45 , pp. 1045-1067
    • Carter, R.B.1    Manaster, S.2
  • 4
    • 77951212918 scopus 로고    scopus 로고
    • The going public decision and the product market
    • Chemmanur T., He S., Nandy D. The going public decision and the product market. Review of Financial Studies 2009, 23:1855-1908.
    • (2009) Review of Financial Studies , vol.23 , pp. 1855-1908
    • Chemmanur, T.1    He, S.2    Nandy, D.3
  • 8
    • 84989045978 scopus 로고
    • The effect of strategic technology alliances on company performance
    • Hagedoorn J., Schakenraad J. The effect of strategic technology alliances on company performance. Strategic Management Journal 1994, 15:291-309.
    • (1994) Strategic Management Journal , vol.15 , pp. 291-309
    • Hagedoorn, J.1    Schakenraad, J.2
  • 9
    • 0034552621 scopus 로고    scopus 로고
    • The interaction between product market and financing strategy. the role of venture capital
    • Hellmann T., Puri M. The interaction between product market and financing strategy. the role of venture capital. Review of Financial Studies 2000, 13:959-984.
    • (2000) Review of Financial Studies , vol.13 , pp. 959-984
    • Hellmann, T.1    Puri, M.2
  • 10
    • 0013118760 scopus 로고    scopus 로고
    • Venture capital and the professionalization of start-up firms. empirical evidence
    • Hellmann T., Puri M. Venture capital and the professionalization of start-up firms. empirical evidence. Journal of Finance 2002, 57:169-197.
    • (2002) Journal of Finance , vol.57 , pp. 169-197
    • Hellmann, T.1    Puri, M.2
  • 11
    • 33846190557 scopus 로고    scopus 로고
    • Whom you know matters. venture capital networks and investment performance
    • Hochberg Y., Ljungqvist A., Lu Y. Whom you know matters. venture capital networks and investment performance. Journal of Finance 2007, 62:251-301.
    • (2007) Journal of Finance , vol.62 , pp. 251-301
    • Hochberg, Y.1    Ljungqvist, A.2    Lu, Y.3
  • 12
    • 4344630945 scopus 로고    scopus 로고
    • What do entrepreneurs pay for venture capital affiliation?
    • Hsu D.H. 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.H.1
  • 13
    • 33644685604 scopus 로고    scopus 로고
    • Venture capitalists and cooperative start-up commercialization strategy
    • Hsu D.H. Venture capitalists and cooperative start-up commercialization strategy. Management Science 2006, 52:204-219.
    • (2006) Management Science , vol.52 , pp. 204-219
    • Hsu, D.H.1
  • 15
    • 0038660446 scopus 로고    scopus 로고
    • Financial contracting theory meets the teal world. an empirical analysis of venture capital contracts
    • Kaplan S.N., Strömberg P.M. Financial contracting theory meets the teal world. an empirical analysis of venture capital contracts. Review of Economic Studies 2003, 70:281-315.
    • (2003) Review of Economic Studies , vol.70 , pp. 281-315
    • Kaplan, S.N.1    Strömberg, P.M.2
  • 16
    • 28244478078 scopus 로고    scopus 로고
    • Do firms rebalance their capital structures?
    • Leary M., Roberts M. Do firms rebalance their capital structures?. Journal of Finance 2005, 60:2575-2620.
    • (2005) Journal of Finance , vol.60 , pp. 2575-2620
    • Leary, M.1    Roberts, M.2
  • 17
    • 0001200084 scopus 로고
    • Venture capitalists and the decision to go public
    • Lerner J. Venture capitalists and the decision to go public. Journal of Financial Economics 1994, 35:293-316.
    • (1994) Journal of Financial Economics , vol.35 , pp. 293-316
    • Lerner, J.1
  • 18
    • 0032380390 scopus 로고    scopus 로고
    • The control of technology alliances. an empirical analysis of the biotechnology industry
    • Lerner J., Merges R.P. The control of technology alliances. an empirical analysis of the biotechnology industry. Journal of Industrial Economics 1998, 46:125-156.
    • (1998) Journal of Industrial Economics , vol.46 , pp. 125-156
    • Lerner, J.1    Merges, R.P.2
  • 19
    • 0037319366 scopus 로고    scopus 로고
    • Do equity financing cycles matter? Evidence from biotechnology alliances
    • Lerner J., Shane H., Tsai A. Do equity financing cycles matter? Evidence from biotechnology alliances. Journal of Financial Economics 1998, 67:411-446.
    • (1998) Journal of Financial Economics , vol.67 , pp. 411-446
    • Lerner, J.1    Shane, H.2    Tsai, A.3
  • 20
    • 43649101762 scopus 로고    scopus 로고
    • Blurring firm boundaries. the role of venture capital in strategic alliances
    • Lindsey L. Blurring firm boundaries. the role of venture capital in strategic alliances. Journal of Finance 2008, 63:1137-1168.
    • (2008) Journal of Finance , vol.63 , pp. 1137-1168
    • Lindsey, L.1
  • 22
    • 84977723575 scopus 로고
    • Venture capital certification in initial public offerings
    • Megginson W., Weiss K. Venture capital certification in initial public offerings. Journal of Finance 1991, 46:879-903.
    • (1991) Journal of Finance , vol.46 , pp. 879-903
    • Megginson, W.1    Weiss, K.2
  • 23
    • 0030353938 scopus 로고    scopus 로고
    • Survival of businesses using collaborative relationships to commercialize complex goods
    • Mitchell W., Singh K. Survival of businesses using collaborative relationships to commercialize complex goods. Strategic Management Journal 1996, 17:169-195.
    • (1996) Strategic Management Journal , vol.17 , pp. 169-195
    • Mitchell, W.1    Singh, K.2
  • 24
    • 27644580704 scopus 로고    scopus 로고
    • Biotech-pharmaceutical alliances as a signal of asset and firm quality
    • Nicholson S., Danzon P., McCullough J. Biotech-pharmaceutical alliances as a signal of asset and firm quality. Journal of Business 2005, 78:1433-1464.
    • (2005) Journal of Business , vol.78 , pp. 1433-1464
    • Nicholson, S.1    Danzon, P.2    McCullough, J.3
  • 25
    • 0009895248 scopus 로고    scopus 로고
    • Why do companies go public? An empirical analysis
    • Pagano M., Panetta F., Zingales L. Why do companies go public? An empirical analysis. Journal of Finance 1998, 53:27-64.
    • (1998) Journal of Finance , vol.53 , pp. 27-64
    • Pagano, M.1    Panetta, F.2    Zingales, L.3
  • 26
    • 84989103663 scopus 로고
    • Knowledge, integration, and the locus of learning. an empirical-analysis of process-development
    • Pisano G.P. Knowledge, integration, and the locus of learning. an empirical-analysis of process-development. Strategic Management Journal 1994, 15:85-100.
    • (1994) Strategic Management Journal , vol.15 , pp. 85-100
    • Pisano, G.P.1
  • 27
    • 0035402977 scopus 로고    scopus 로고
    • Networks as the pipes and prisms of the market
    • Podolny J.M. Networks as the pipes and prisms of the market. American Journal of Sociology 2001, 107:33-60.
    • (2001) American Journal of Sociology , vol.107 , pp. 33-60
    • Podolny, J.M.1
  • 28
    • 0030306449 scopus 로고    scopus 로고
    • Interorganizational collaboration and the locus of innovation. networks of learning in biotechnology
    • Powell W.W., Koput K.W., Smith-Doerr L. Interorganizational collaboration and the locus of innovation. networks of learning in biotechnology. Administrative Science Quarterly 1996, 41:116-145.
    • (1996) Administrative Science Quarterly , vol.41 , pp. 116-145
    • Powell, W.W.1    Koput, K.W.2    Smith-Doerr, L.3
  • 29
    • 84875499095 scopus 로고    scopus 로고
    • princeton.edu., Princeton University
    • Rodriguez G. Website is data. 2012, princeton.edu., Princeton University.
    • (2012) Website is data.
    • Rodriguez, G.1
  • 30
  • 32
    • 84989135041 scopus 로고
    • Interfirm cooperation and startup innovation in the biotechnology industry
    • Shan W.J., Walker G., Kogut B. Interfirm cooperation and startup innovation in the biotechnology industry. Strategic Management Journal 1994, 15:387-394.
    • (1994) Strategic Management Journal , vol.15 , pp. 387-394
    • Shan, W.J.1    Walker, G.2    Kogut, B.3
  • 33
    • 18744397235 scopus 로고    scopus 로고
    • Growth dynamics. the bidirectional relationship between interfirm collaboration and business sales in entrant and incumbent alliances
    • Singh K., Mitchell W. Growth dynamics. the bidirectional relationship between interfirm collaboration and business sales in entrant and incumbent alliances. Strategic Management Journal 2005, 26:497-521.
    • (2005) Strategic Management Journal , vol.26 , pp. 497-521
    • Singh, K.1    Mitchell, W.2
  • 35
    • 0000837320 scopus 로고    scopus 로고
    • Interorganizational alliances and the performance of firms. a study of growth and innovation rates in a high-technology industry
    • Stuart T.E. Interorganizational alliances and the performance of firms. a study of growth and innovation rates in a high-technology industry. Strategic Management Journal 2000, 21:791-811.
    • (2000) Strategic Management Journal , vol.21 , pp. 791-811
    • Stuart, T.E.1
  • 36
    • 0033243272 scopus 로고    scopus 로고
    • Interorganizational endorsements and the performance of entrepreneurial ventures
    • Stuart T., Hoang H., Hybels R. Interorganizational endorsements and the performance of entrepreneurial ventures. Administrative Science Quarterly 1999, 44:315-349.
    • (1999) Administrative Science Quarterly , vol.44 , pp. 315-349
    • Stuart, T.1    Hoang, H.2    Hybels, R.3
  • 37
    • 0032220670 scopus 로고    scopus 로고
    • Producer network positions and propensities to collaborate: an investigation of strategic alliance formations in a high-technology industry
    • Stuart T.E. Producer network positions and propensities to collaborate: an investigation of strategic alliance formations in a high-technology industry. Administrative Science Quarterly 1998, 43:668-698.
    • (1998) Administrative Science Quarterly , vol.43 , pp. 668-698
    • Stuart, T.E.1
  • 38
    • 33746787205 scopus 로고    scopus 로고
    • External finance constraints and the intertemporal pattern of intermittent investment
    • Whited T. External finance constraints and the intertemporal pattern of intermittent investment. Journal of Financial Economics 2006, 81:467-502.
    • (2006) Journal of Financial Economics , vol.81 , pp. 467-502
    • Whited, T.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.