Venture capital, corporate governance, and firm value

Venture Capital, Corporate Governance, and Firm Value

Volumn , Issue , 2007, Pages 1-295

  Kleinschmidt, Maik ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84891434131     PISSN: None     EISSN: None     Source Type: Book    
DOI: 10.1007/978-3-8350-9549-6     Document Type: Book

References (427)

1. Achleitner A.-K. (2002): Entregpreneurial Finance - Herausforderungen auch in Deutschland, in: BetriebsBerater, 57. Jg., 2002, pp. 142-150.
2. Achleitner, A.-K./Bassen, A. (2002): Controllingsysteme in jungen Wachstumsunternehmen - terra incognita, in: Betriebs-Berater, 57 Jg., 2002, pp. 1192-1198.
3. Achleitner, A.-K./Bassen, A. (2004): Venture-Capital-bezogenes Controlling: Wie unterscheiden sich die Aspekte der verschiedenen Ebenen?, in: C. Meyer/D. Pfaff: Finanz-und Rechnungswesen, Jahrbuch 2004, Zürich 2004.
4. Admati, A. R./Pfleiderer, P. (1994): Robust Financial Contracting and the Role of Venture Capitalists, in: Journal of Finance, vol. 49, 1994, pp. 371-402.
5. Adner, R./Helfat, C. E. (2003): Corporate Effects And Dynamic Managerial Capabilities, in: Strategic Management Journal, vol. 24, 2003, pp. 1011-1025.
6. Aggarwal, R. K./Samwick, A. A. (1999): The Other Side Of The Trade-Off: The Impact of Risk on Executive Compensation, in: Journal of Political Economy, vol. 107, 1999, pp. 65-105.
7. Aghion, P./Bolton, P. (1992): An Incomplete Contracts Approach to Financial Contracting, in: Review of Economic Studies, vol. 59, pp. 473-494.
8. Alchian, A. A./Demsetz. H. (1973): The Property Rights Paradigm, in: Journal of Economic History, vol. 33, 1973, pp. 16-27.
9. Alchian, A./Woodward, S. (1988): The Firm is Dead; long live the Firm - A Review of Oliver E. Williamson's The Economic Institutions of Capitalism, in: Journal of Economic Literature, vol. 26, 1988, pp. 65-79.
10. Aldrighi, D. M. (2003): The Mechanisms of Corporate Governance in the United States: An Assessment, in: Revista Brasileira de Economia, vol. 57, 2003, pp. 469-514.
11. Alvarez, S. A./Busenitz, L. W. (2001): The entrepreneurship of resource-based theory, in: Journal of Management, vol. 27, 2001, pp. 755-775.
12. Amit, R./Brander, J./Zott, C. (1998): Why Do Venture Capital Firms Exist? Theory And Canadian Evidence, in: Journal of Business Venturing, vol. 13, 1998, pp. 441-466.
13. Amit, R./Glosten, L./Muller, E. (1990): Entrepreneurial Ability, Venture Investments, And Risk Sharing, in: Management Science, vol. 36, 1990, pp. 1232-1245.
14. Anderson, M. C./Banker, R. D./Ravindran, S. (2000): Executive Compensation in the Information Technology Industry, in: Management Science, vol. 46, 2000, pp. 530-547.
15. Andersson, S./Gunnarsson, K. (1999): Riskfinansiärerns roll is tyrelsearbetet, Thesis at Halmstadt University.
16. Aoki, M. (1999): Information and Governance in the Silicon Valley Model, Working Paper Stanford University, available at: http://ideas.repec.org/p/wop/ stanec/99028.html, call date: 04.02.06.
17. Aragon-Correa, J. A./Sharma, S. (2003): A Contingent Resource-Based View Of Proactive Corporate Environmental Strategy, in: Academy of Management Review, vol. 28, 2003, pp. 71-88.
18. Arthurs, J. D./Busenitz, L. W. (2003): The Boundaries and Limitations of Agency Thoery and Stewardship Theory in the Venture Capitalist/Entrepreneur Relationship, in: Entrepreneurship Theory and Practice, vol. 28, 2003, pp. 145-162.
19. Audretsch, D. B./Lehmann, E. (2002): Does The New Economy Need New Governance? Ownership, Knowledge And Performance, Centre for Economic Policy Research Discussion Paper No. 3626, available at: http://www.cepr.org/pubs/dps/ DP3626.asp, call date: 08.03.2005.
20. Bader, H. (1996): Private Equity als Anlagekategorie - Theorie, Praxis und Portfoliomanagement für institutionelle Investoren, Diss., Stuttgart 1996.
21. Baker, M./Gompers, P. A. (2003): The Determinants Of Board Structure At The Initial Public Offering, in: Journal of Law and Economics, vol. 46, 2003, pp. 569-598.
22. Bankman, J. (1994): The Structure Of Silicon Valley Start-Ups, in: UCLA Law Journal, vol. 41, 1994, pp. 1737-1768.
23. Barney, J. B. (1991): Firm Resources and Sustained Competitive Advantage. In: Journal of Management, vol. 17, pp. 99-120.
24. Barney, J. B./Busenitz, L. W./Fiet, J. O./Moesel, D. D. (1989): The Structure of Venture Capital Governance: An Organizational Economic Analysis of Relations Between Venture Capital Firms and New Ventures, in:, in: Best Paper Proceedings of Academy of Management 1989, pp. 64-68.
25. Barney, J. B./Busenitz, L. W./Fiet, J. O./Moesel, D. D. (1994): The Relationship Between Venture Capitalists and Managers in New Firms: Determinants of Contractual Covenants, in: Managerial Finance, vol. 20, 1994, pp. 19-30.
26. Barney, J. B./Busenitz, L. W./Fiet, J. O./Moesel, D. D. (1996a): The Substitution of Bonding For Monitoring In Venture Capitalist Relations With High Technology Enterprises, in: Journal of High Technology Management Research, vol. 7, 1996, pp. 91-105.
27. Barney, J. B./Busenitz, L. W./Fiet, J. O./Moesel, D. D. (1996b): New Ventures Teams' Assessment Of Learning Assistance From Venture Capital Firms, in: Journal of Business Venturing, vol. 11, 1996, pp. 257-272.
28. Barney, J. B./Hansen, M. H. (1994): Trustworthiness As A Source Of Competitive Advantage, in: Strategic Management Journal, vol. 15, 1994, pp. 175-190.
29. Barney, J. B./Wright, M./Ketchen, D. (2001): The Resource-Based View of the Firm: Ten Years after 1991, in: Journal of Management, vol. 27, 2001, pp. 525-642.
30. Bascha, A./Walz, U. (2000): Hybride Finanzierungsinstrumente als Anreiz-und Kontrollmechanismen bei Venture Capital, in: FinanzBetrieb, 2. Jg., 2000, pp. 410-418.
31. Bascha, A./Walz, U. (2001): Convertible securities and optimal exit decisions in venture capital finance, in: Journal of Corporate Finance, vol. 8, 2001, pp. 285-306.
32. Bassen, A. (2002a): Institutionelle Investoren und Corporate Governance - Analyse der Einflussnahme unter besonderer Berücksichtigung börsennotierter Wachstumsunternehmen, Habil., Wiesbaden 2002.
33. Bassen, A. (2002b): Ausgestaltung der Corporate Governance bei Start-up-Unternehmen, in: Hommel, U././Knecht, T. C. (Ed.): Wertorientiertes Start-up-Management, München 2002, pp. 149-162.
34. Bassen, A./Kleinschmidt M./Prigge, S./Zöllner, C. (2006a): Deutscher Corporate Governance Kodex und Unternehmenserfolg, in: DBW, 66. Jg., 2006, pp. 375-401.
35. Bassen, A./Kleinschmidt M./Zöllner, C. (2004): Corporate Governance Quality Study 2004 - Analyse der Corporate Governance deutscher Unternehmen aus Investorensicht, FinanzBetrieb, 6. Jg. (2004), pp. 527-533.
36. Bassen, A./Kleinschmidt M./Zöllner, C. (2006b): Corporate Governance of German Growth Companies - Empirical Analysis of the Corporate Governance Quality and the Structure of Supervisory Boards of Companies listed on Tec-Dax, in: Journal of Corporate Ownership and Control, vol. 3, 2006, pp. 128-137.
37. Bauer, R./Günster, N./Otten, R. (2003): Empirical Evidence on Corporate Governance in Europe, Working Paper, available at: http://ssrn. com/abstract=444543; call date: 31.01.2006.
38. Baum, J. A. C./Silverman, B. S. (2004): Picking winners of building them? Alliance, intellectual and human capital as selection criteria in venture financing and performance of biotechnology startups. In: Journal of Business Venturing, vol. 19, 2004, pp. 411-436.
39. Baums, T./Möller, M. (2002): Vertragsgestaltung zwischen Start-up-Unternehmen und Investoren (Contracting), in: U. Hommel/T. Knecht: Wertorientiertes Start-Up Management, München 2002, pp. 396-412.
40. Baysinger, B./Hoskisson, R. E. (1990): The Composition of Board of Directors and Corporate Strategy, in: Academy of Management Review, vol. 15, 1990, pp. 72-87.
41. Beatty, R. P./Zajac, E. J. (1994): Managerial Incentives, Monitoring, and Risk Bearing: A Study of Executive Compensation, Ownership, and Board Structure in Initial Public Offerings, in:, in: Administrative Science Quarterly, vol. 39, 1994, pp. 313-335.
42. Bebchuk, L./Cohen, A./Ferrell, A. (2004): What matters In Corporate Governance, Harvard - John M. Olin Center for Law, Economics, And Business, Working Paper No. 491, available at: http://papers.ssrn. com/abstract-id=593423, call date: 08.03.2005.
43. Bebchuk, L./Roe, M. J. (1999): A Theory of Path Dependence in Corporate Governance and Ownership, Working Paper, Columbia Law School Working Paper Series, available at: http://papers.ssrn. com/paper.taf?abstract-id=192414, call date: 27.10.2005.
44. Becht, M. (1999): European Corporate Governance: Trading off liquidity against control, in: European Economic Review, vol. 43, pp. 1071-1083.
45. Becht, M./Bolton, P./Röell, A. (2002): Corporate Governance and Control, ECGI Working Paper Series in Finance, Working paper No. 02/2002, available at: www.ssrn.com/abstract-id=343461, Call date: 22.10.2004.
46. Becker, G. (1964): Human Capital, Columbia University Press, New York 1964.
47. Beckman, C. M./Burton, M. D. (2004): Founding the Future: The Evolution of Top Management Teams from Founding to IPO, Working Paper, available at: http://web.mit.edu/iandeseminar/Papers/Fall2005/BurtonBeckman2005.pdf, call date: 04.02.06.
48. Begley, T. M./Boyd, D. P. (1987): Psychological Characteristics associated with performance in entrepreneurial firms and small businesses, in: Journal of Business Venturing, vol. 2, 1987, pp. 79-93.
49. Beiner, S./Drobetz, W./Schmid, M. M./Zimmermann, H. (2004): An Integrated Framework of Corporate Governance and Firm Valuation - Evidence from Switzerland, ECGI Working Paper Series in Finance No. 34/2004, available at: http://ssrn.com/abstract=479322, call date: 28.02.2005.
50. Benston, G. J./Smith, C. W. Jr. (1976): A Transaction Cost Approach to the Theory of Financial Intermediaries, in: Journal of Finance, vol. 31, 1976, pp. 215-231.
51. Berg, A./Gottschalg, O. (2003): Understanding Value Generation in Buyouts, INSEAD Working Paper Series 2003/42/SM, Paris 2003.
52. Bergemann, D./Hege, U. (1998): Venture capital financing, moral hazard, and learning, in: Journal of Banking & Finance, vol. 22, 1998, pp. 703-735.
53. Berger, A. N./Udell, G. F. (1998): The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle, in: Journal of Banking & Finance, vol. 22, 1998, pp. 617-673.
54. Berle, A. A./Means, G. C. (1932): The Modern Corporation And Private Property, MacMillan, New York 29132.
55. Berliner Iniativkreis (2000): German Code of Corporate Governance, Berlin 2000, available at: http://www.gccg.de/deu-German-Code-of-Corporate-Governance. pdf, call date: 23.09.2004.
56. Beuselinck, C./Deloof, M./Manigart, S. (2004): Venture Capital, Corporate Governance and Earnings Quality, Working Paper University of Gent, available at: http://www.feb.ugent.be/fac/research/WP/Papers/wp-04-221.pdf; call date: 31.01.2006.
57. Blac, B. S./Jang, H./Kim, W. (2003): Does Corporate Governance Predict Firms' Market Values? Evidence from Korea, Stanford Law School, Working Paper No. 237, available at: http://papers.ssrn. com/abstract=311275, call date: 07.03.2005.
58. Blaikie, N. W. H. (1991): A critique of triangulation in social research, in: Quality & Quantity, vol. 25, 1991, pp. 115-136.
59. Blair, N./Wallman, S. (2003): The Growing Intangibles Reporting Discrepancy, in: J. Hand/L. Baruch (Ed.): Intangible Assets: Values, Measures, and Risks, Oxford University Press, Oxford 2003, pp. 449-470.
60. Bloom, M. C./Milkovich, G. T. (1995): The Relationship Between Risk, Performance-Based Pay, And Organizational Performance, Paper presented at the Academy of Management Annual Meeting 1995, available at: http://www.nd.edu/ ~mbloom/amj-risk.pdf, call date: 31.01.06.
61. Boeker, W./Goodstein, J. (1991): Organizational Performance And Adaptation: Effects Of Environment And Performance On Changes In Board Composition, in: Academy of Management Journal, vol. 14, 1991, pp. 805-826.
62. Boeker, W./Wiltbank, R. (2005): New Venture Evolution and Managerial Capabilities, in: Organization Science, vol. 16, 2005, pp. 123-133.
63. Börsch-Supan, A./Köke, J. (2002): An Applied Econometricians' View of Empirical Corporate Governance Studies, in: German Economic Review, vol. 3, 2002, pp. 295-326.
64. Bortz, J./Döring, N. (1996): Forschungsmethoden und Evaluation, Berlin 1995.
65. Bourseli, A. K./Davidson, W. N. III/Abdulsalam, F. A. (2004): Role of Venture Capitalists in IPO Corporate Governance and Operating Performance, in: Quarterly Journal of Business & Economics, vol. 44, 2004, pp. 71-82.
66. Bowden, B. J. (1994): Bargaining, Size, And Return In Venture Capital Funds, in: Journal of Business Venturing, vol. 9, 1994, pp. 307-330.
67. Boyd, B. (1990): Corporate Linkages And Organizational Environment: A Test Of The Resource Dependence Model, in: Strategic Management Journal, vol. 11, 1990, pp. 419-430.
68. Boyd, B. (1994): Board Control And CEO Compensation, in: Strategic Management Journal, vol. 15, 1994, pp. 335-344.
69. Boyd, B. (1995): CEO Duality And Firm Performance: A Contingency Model, in: Strategic Management Journal, vol. 16, pp. 301-312.
70. Bradley, M./Jarrell, G. A./Kim, E. H. (1984): On the Existence of an Optimal Capital Structure: Theory and Evidence, in: Journal of Finance, vol. 39, 1984, pp. 857-878.
71. Brealey, R. A./Myers, S. C. (2000): Principles of Corporate Finance, Sixth Ed., Irwin McGraw-Hill, Boston 2000.
72. Brinkrolf, A. (2002): Managementunterstützung durch Venture-Capital-Gesellschaften, Eine Untersuchung des nichtfinanziellen Beitrags von Venture-Capital-Gesellschaften bei der Entwicklung ihrer Portfoliounternehmen, Diss., Wiesbaden 2002.
73. Brown, L. D./Caylor, M. L. (2004): Corporate Governance Study: The Correlation between Corporate Governance and Company Performance, available at: http://www.issproxy.com/pdf/Corporate%20Governance%20Study%201.04.p df, call date: 01.02.06.
74. Brush, C. G./Vanderwerf, P. A. (1992): A Comparison Of Methods And Sources For Obtaining Estimates Of New Venture Performance, in: Journal of Business Venturing, vol. 7, 1992, pp. 157-170.
75. Budäus, D./Gerum, E./Zimmermann, G. (1988): Betriebswirtschaftslehre und Theorie der Verfügungsrechte, Hrsg., Wiesbaden 1988.
76. Busenitz, L. W./Fiet, J. O. (1996): The Effects of Early Stage Venture Capitalist Actions on Eventual Venture Disposition, in: Entrepreneurial and Small Business Finance, vol. 5, 1996, pp. 97-114.
77. Bushman, R. M./Smith, A. J. (2001): Financial accounting information and corporate governance, in: Journal of Accounting and Economics, vol. 32, 2001, pp. 237-333.
78. Bygrave, W. D. (1987): Syndicated Investments By Venture Capital Firms: A Network Perspective, in: Journal of Business Venturing, vol. 2, 1987, pp. 139-154.
79. Bygrave, W./Fast, N./Khoylian, R./Vincent, L./Yue, W. (1989): Early Rates Of Return Of 131 Venture Capital Funds Started 1978-1984, in: Journal of Business Venturing, vol. 4, 1989, pp. 93-105.
80. Cadbury Report (The Financial Aspects of Corporate Governance) in the version of 1 December 1992, available at: http://www.ecgi.org/codes/code.php? code-id=132, call date: 06.01.2006.
81. Callison, J. W. (2000): Venture Capital and Corporate Governance: Evolving the Limited Liability Company to Finance the Entrepreneurial Business, in: Journal of Corporate Law, vol. 25, 2000, pp. 97-124.
82. Carmines, E. G./Zeller, R. A. (1980): Reliability & Valididty Assessment, Thousand Oaks, London, New Dehli, 1980.
83. Carney, M. (2005): Corporate Governance and Competitive Advantage in Family-Controlled Firms, in: Entrepreneurship Theory and Practice, vol. 29, 2005, pp. 249-265.
84. Carpenter, M. A./Pollock, T. G./Leary, M. M. (2003): Testing A Model Of Reasoned Risk-Taking: Governance, The Experience Of Principals And Agents, And Global Strategy In High-Technology IPO Firms, in:, in: Strategic Management Journal, vol. 24, 2003, pp. 803-820.
85. Carpenter, M. A./Westphal, J. D. (2001): The Strategic Context Of External Network Ties: Examining The Impact Of Director Appointments On Board Involvement In Strategic Decision Making, in:, in: Academy of Management Journal, vol. 4, 2001, pp. 639-660.
86. Castanias, R. P./Helfat, C. E. (1991): Managerial Resources and Rent, in: Journal of Management, vol. 17, 1991), pp. 155-171.
87. Certo, S. T. (2003): Influencing Initial Public Offering Investors With Prestige: Signaling with Board Structures, in: Academy of Management Review, vol. 28, 2003, pp. 432-446.
88. Certo, S. T./Daily, C. M./Dalton, D. R. (2001): Signalling Firm Value Through Board Structure: An Investigation of Initial Public Offerings, in: Entrepreneurship: Theory and Practice, vol. 26, pp. 33-50.
89. Chan, Y.-S. (1983): On the Positive Role of Financial Intermediation in Allocation of Venture Capital in a Market with Imperfect Information, in: Journal of Finance, vol. 38, 1983, pp. 1543-1568.
90. Charan, R. (1998): Boards at Work: How Corporate Boards Create Competitive Advantage, Jossey-Bass, San Francisco 1998.
91. Chua, J. H./Woodward, R. S. (1993): Splitting The Firm Between The Entrepreneur And The Venture Capitalist With The Help Of Stock Options, in: Journal of Business Venturing, vol. 8, 1993, pp. 43-58.
92. Coase, R. H. (1937): The Nature of the Firm, in: Econometrica, New Series, vol. 4, 1937, pp. 386-405.
93. Coase, R. H. (1960): The Problem Of Social Cost, in: Journal of Law and Economics, vol. 3, 1960, pp. 1-44.
94. Coff, R. W. (1999): When Competitive Advantage Doesn't Lead to Performance: The Resource-Based View and Stakeholder Bargaining Power, in: Organization Science, vol. 10, 1999, pp. 119-133.
95. Coles, J. W./McWilliams, V. B./Sen, N. (2001): An examination of the relationship of governance mechanisms to performance, in: Journal of Management, vol. 27, 2001, pp. 23-50.
96. Collis, D. J. (1994): Research Note: How Valuable Are Organizational Capabilities?, in: Strategic Management Journal, vol. 15, 1994, pp. 143-152.
97. Combs, J. G./Ketchen, D. J. (1999): Explaining interfirm cooperation and performance: Towards a reconcipliation of predictions from the resource-based view and organizational economics, in:, in: Strategic Management Journal, vol. 20, pp. 867-888
98. Conner, K. R. (1991): A Historical Comparison of Resource-Based Theory and Five Schools of Thought Within Industrial Organization Economics: Doe We Have a New Theory of the Firm?, in:, in: Journal of Management, vol. 17, 1991, pp. 121-154.
99. Coopey, R. (2003): Corporate Governance, Management and British Venture Capital since 1945, in: R. Fitzgerald/A. Etsuo (Ed.): The Development of Corporate Governance in Japan and Britain, Ashgate 2003.
100. Core, J. E./Guay, W./Rusticus, T. (2004): Does weak governance cause weak stock returns? An examination of firm operating performance and analysts expectations, Working Paper, available at: http://papers.ssrn. com/sol3/papers.cfm?abstract-id=533582, call date: 23.01.2006.
101. Core, J. E./Holthausen, R. W./Larcker, D. F. (1999): Corporate governance, chief executive officer compensation, and firm performance, in: Journal of Financial Economics, vol. 51, 1999, pp. 371-406.
102. Cumming, D. J./MacIntosh, J. G. (2002): Comparative Venture Capital Governance: Private Versus Labour Sponsored Venture Capital Funds, CESIFO Working Paper No. 853, available at: http://papers.ssrn. com/sol3/papers.cfm? abstract-id=382933, call date: 25.01.2006.
103. Cumming, D. J./MacIntosh, J. G. (2003): A cross-country comparison of full and partial venture capital exits, in: Journal of Banking & Finance, vol. 27, 2003, pp. 511-648.
104. Cyert, R. M./Kang, S.-H./Kumar, P. (2002): Corporate Governance, Takeovers, and Top-Management Compensation: Theory and Evidence, in: Management Science, vol. 48, 2002, pp. 453-469.
105. Daft, R. L. (1983): Learning the craft of organizational research, in: Academy of Management Review, vol. 8, 1983, pp. 539-546.
106. Dahlquist, M/Pinkowitz, L./Stulz, R. M./Williamson, R. (2002): Corporate Governance and the Home Bias, Georgetown University Working Paper, available at: http://faculty.msb.edu/lfp/hb102602.pdf, call date: 23.01.2006.
107. Daily, C. M./Dalton, D. R. (1992): The Relationship Between Governance Structure And Corporate Performance In Entrepreneurial Firms, in: Journal of Business Venturing, vol. 7, 1992, pp. 375-386.
108. Daily, C. M./Dalton, D. R./Canella, A. A. (2003): Corporate Governance: Decades of Dialogue and Data, in: Academy of Management Review, vol. 28, 2003, pp. 371-382.
109. Daily, C. M./McDougall, P. P./Covin, J. G./Dalton, D. R. (2002): Governance and Strategic Leadership in Entrepreneurial Firms, in: Journal of Management, vol. 28, 2002, pp. 387-412.
110. Dalton, D. R./Daily, C. M./Ellstand, A,/Johnson, J. L. (1996): Meta-Analytic Reviews Of Board Composition, Leadership Structure, And Financial Performance, in: Strategic Management Journal. vol. 19, 1998, pp. 269-290.
111. Dalton, D. R./Daily, C. M./Johnson, J. L./Ellerstrand, A. E. (1999): Number of directors and financial performance: A meta analysis, in: Academy of Management Journal. vol. 42, 1999, pp. 674-686.
112. Deakins, D./O'Neill, E./Mileham, P. (2000): The role and influence of external directors in small entrepreneurial companies: some evidence on VC and non-VC appointed external directors, in:, in: Venture Capital, vol. 2(2000), pp. 111-127.
113. Demirag, I./Sudarsanam, S./Wright, M. (2000): Corporate Governance: Overview and Research Agenda, in: British Accounting Review, vol. 32, 1999, pp. 341-354.
114. Demsetz, H. (1967): Toward A Theory Of Property Rights, in: American Economic Review - Paper and Proceedings of the 79th Annual Meeting of the American Economic Association, vol. 57, 1967, pp. 347-359.
115. Denis, D. K. (2001): Twenty-five years of corporate governance research... and counting, in: Review of Financial Economics, vol. 10, 2001, pp. 191-212.
116. Denis, D. K./McConell, J. J. (2003): International Corporate Governance, In Journal of Financial and Quantitative Analysis, vol. 28, 2003, pp. 1-36.
117. Dennis, W. J. Jr. (2003): Raising Response Rates in Mail Surveys of Small Business Owners: Results of an Experiment, in: Journal of Small Business Management, vol. 41, 2003, pp. 278-295.
118. Deutsch, Y./Ross, T. W. (2003): You Are Known by the Directors You Keep: Reputable Directors as a Signalling Mechanism for Young Firms, in: Management Science, vol. 49, 2003, pp. 1003-1017.
119. Deutsche Bank (2004): Beyond the Numbers - Corporate Governance in the UK, London 2004.
120. Dierickx, I./Cool, K. (1989): Asset Stock Accumulation And Sustainability Of Competitive Advantage, in: Management Science, vol. 35, 1989, pp. 1504-1513.
121. Dimov, D, P./Shepherd, D. A. (2005): Human capital theory and venture capital firms: exploring "home runs" and "strike outs", in: Journal of Business Venturing, vol. 20, 2005, pp. 1-21.
122. Dotzler, F. (2001): What Do Venture Capitalists Really Do, and Where Do They Learn to Do It?, in: The Journal of Private Equity, vol. 5, 2001, pp. 6-12.
123. Drobetz, W./Schillhofer, A./Zimmermann, H. (2003): Corporate Governance and Expected Return, ECGI Finance Working Paper No. 11/2003, available at: http://www.ssrn. com/abstract-id=379102, call date: 05.05.2005.
124. Drukarzcyk, J./Schmidt, H. (1998): Lenders as a Force in Corporate Governance - Enabling Covenants and the Impact of Bankruptcy Law, in: Hopt, K. J./Kanda, H./Roe, M. J./Wymeersch, E./Prigge, S. (Ed.): Eumparative Corporate Governance - The State of the Art and Emerging Research, Oxford 1998, pp. 759-786.
125. Duffner, S. (2003): Prinicipal-Agent Problems in Venture Capital Finance, WWZ/Department of Finance Working Paper No. 11/03, available at: http://www.wwz.unibas.ch/finance/publications/researchpapers/11-03%20PrincAgent. pdf, call date: 04.02.06.
126. ECGI (2005): Index of Codes, available at: http://www.ecgi.org/codes/all- codes.php, call date: 06.01.2006.
127. Ehrlich, S. B./De Noble, A. F./Moore, T./Weaver, R. R. (1994): After The Cash Arrives: A Comparative Study Of Venture Capital Investor Involvement In Entrepreneurial Firms, in: Journal of Business Venturing, vol. 9, 1994, pp. 67-82.
128. Eisele, F./Habermann, M./Oesterle, R. (2003): Die Beteiligungsauswahl durch Venture Capital-Gesellschaften: Entscheidungskriterien bei Projekten unterschiedlicher Reife, in: FinanzBetrieb, 5. Jg., 2003, pp. 403-413.
129. Eisenhardt, K. M. (1989a): Agency Theory: An Assessment and Review, in: Academy of Management Review, vol. 14, 1989, pp. 57-74.
130. Eisenhardt, K. M. (1989b): Marking Fast Strategic Decisions In High-Velocity Environments, in: Academy of Management Journal, vol. 32, pp. 543-576.
131. Eisenhardt, K. M./Winter, J. A. (2000): Dynamic Capabilities: What Are They?, in: Strategic Management Journal, vol. 21, 2000, pp. 1105-1121.
132. Elango, B./Fried, V. H./Hisrich, R. T./Polonchek, A. (1995): How Venture Capital Firms differ, in: Journal of Business Venturing, vol. 10, 1995, pp. 157-179.
133. Ellis, J. (2003): What's Wrong With Risk-Averse Venture Capitalists?; In: Fast Company, issue 72, July 2003, p. 54.
134. Engel, E./Gordon, E. A./Hayes, R. M. (2002): The Roles of Performance Measures and Monitoring in Annual Governance Decisions in Entrepreneurial Firms, in: Journal of Accounting Research, vol. 40. (2002), pp. 485-518.
135. EVCA (2004): Why and How to Invest in Private Equity, Special Paper, An EVCA Investor Relations Paper, Written by Alex Bance, Zaventem 2004.
136. EVCA (2005a): Employment Contribution of Private Equity and Venture Capital in Europe, Zaventem 2005, available at: http://www.evca.com/images/ attachments/tmpl-13-art-89-att-928.pdf, call date: 11.06.2005.
137. EVCA (2005b): EVCA Final Activity Figures for 2004, Zaventem 2005, available at: http://www.pwcmoneytree.com/exhibits/EVCA-Final-Activity-2004- Release.pdf, call date: 11.06.2005.
138. EVCA (2005c): EVCA Corporate Governance Guidelines - Guidelines and good practice in the management of privately held companies in the private equity and venture capital industry, Zaventem 2005, available at: http://www.evca.com/pdf/ evca-corporate-governance-guidelines.pdf, call date: 12.06.2006.
139. EVCA (2006): EVCA Yearbook 2006 - Annual Survey 2005, Zaventem 2006.
140. Falconer, M./Reid, G. C./Terry, N. G. (1995): Post Investment Demand for Accounting Information by Venture Capitalists. In: Accounting and Business Research, vol. 25, 1999, pp. 186-196.
141. Fama, E. F. (1978): The Effects of a Firm's Investment and Financing Decision on the Welfare of ist Security Holders, in: American Economic Review, vol. 68, 1978, pp. 272-284.
142. Fama, E. F. (1980): Agency Problems and the Theory of the Firm, in: The Journal of Political Economy, vol. 88, 1999, pp. 288-307.
143. Fama, E. F. (1991): Efficient Capital Markets: II, in: Journal of Finance, vol. 46, 1991, pp. 1575-1617.
144. Fama, E. F./Jensen, M. C. (1983): Separation of Ownership and Control, in: Journal of Law and Economics, vol. 26, 1983, pp. 301-325.
145. Feinendegen, S./Schmidt, D./Wahrenburg, M. (2003): Die Vertragsbeziehung zwischen Investoren und europäischen Venture Capital-Fonds: eine empirische Untersuchung und Klassifizierung unterschiedlicher Vertragsmuster, in:, in: Zeitschrift für Betriebswirtschaft, 23. Jg., 2003, pp. 1167-1195.
146. Feldmann, H. (1995): Eine institutionalistische Revolution?: Zur dogmenhistorischen Bedeutung der modernen Institutionenökonomik, Berlin 1995. Fenn, G./Liang, N./Prowse, S. (1997): The Private Equity Market, An Overview, in:, in: Financial Markets, Institutions & Instruments, vol. 6, 1997, pp. 1-105.
147. Fielding, N./Schreier, M. (2001): Introduction: On the Compatibility between Qualitative and Quantitative Research Methods, in: Qualitative Social Research, vol. 2, 2001, available at: http://qualitative-research.net/fqs-end. htm, call date: 15.03.2006.
148. Fiet, J, O. (1991): Venture Capital Risk Assessment: An Empirical Test Comparing Business Angels And Venture Capital Firms, in: Academy of Management Proceedings 1991, 1991, pp. 73-77.
149. Fiet, J. O. (1995): Risk Avoidance Strategies In Venture Capital Market, in: Journal of Management Studies, vol. 32, 1995, pp. 551-574.
150. Fiet, J. O. (1998): Reliance Upon Informants In The Venture Capital Industry, in: Journal of Business Venturing, vol. 10, 1998, pp. 195-223.
151. Fiet, J. O./Hellriegel, D. (1995): Postcontractual Safeguards Against Venture Capital Risk, in: Entrepreneurship, Innovation, and Change, vol. 4, 1995, pp. 23-37.
152. Filatotchev, I./Chahine, S./Wright, M./Arberk, M. (2005): Founders' Characteristics, Venture Capital Syndication and Governance in Entrepreneurial IPOs, Working Paper King's College London, London 2005.
153. Finkelstein, S./D'Aveni, R. A. (1994): CEO duality as a double-edged sword: How boards of directors balance entrechment avoidance and units of command, in: Academy of Management Journal. vol. 37, 1994, pp. 1079-1108.
154. Fleischhauer, U./Hoyer, G. A. (2004): Studie: Private Equity als fester Bestandteil der Anlageportfolios europäischer Institutionen, in: FinanzBetrieb, 6. Jg., 2004, pp. 395-397.
155. Franke, N./Gruber, M./Henkel, J./Hoisl, K. (2004): Die Bewertung von Gründerteam durch Venture-Capital-Geber - Eine empirische Untersuchung, in: DBW, 64. Jg., 2004, pp. 651-669.
156. Franks, J./Mayer, C. (1990): Takeovers: Capital markets and corporate control: A study of France, Germany, and the UK, in: Policy: A European Forum, vol. 10, pp. 189-231.
157. Franks, J./Mayer, C. (1998): Bank Control, Takeovers, and Corporate Governance in Germany, in: Hopt, K. J./Kanda, H./Roe, M. J./Wymeersch, E./Prigge, pp. (Ed.): Comparative Corporate Governance - The State of the Art and Emerging Research, Oxford 1998, pp. 641-658.
158. Franks, J./Mayer, C./Renneboog, L. (2001): Who Disciplines Management in Poorly Performing Companies?, in: Journal of Financial Intermediation, vol. 10, 2001, pp. 209-248.
159. Fredrickson, J. W. (1984): The Comprehensiveness of Strategic Decision Processes: Extension, Observations, Future Directions, in: Academy of Management Journal, vol. 27, 1984, pp. 445-466.
160. Fredriksen, Ø./Klofsten, M. (1999): CEO Vs Board Typoologes In Venture Capital-Entrepreneur Relationships, Paper presented at the Babson Kauffman Entrepreneurship Research Conference 1999, available at: http://www.babson. edu/entrep/fer/papers99/XV/XV-A/XV-A%20Text.htm, call date: 27.06.05.
161. Fredriksen, Ø./Klofsten, M. (2001): Venture Capitalists' Governance Of Their Portfolio Companies, in: Journal of Enterprising Culture, vol. 9, 2001, pp. 201-209.
162. Fredriksen, Ø./Klofsten, M./Landström, H./Olofsson, C./Wahlbin, C. (1990): Entrepreneur-Venture Capitalist Relations: The Entrepreneurs' View, in: Frontiers of Entrepreneurship Research 1990, pp. 251-265, Wellsley 1990.
163. Freear, J./Sohl, J. E./Wetzel, Jr., W. E. (1994): Angels And Non-Angels: Are There Differences?, in: Journal of Business Venturing, vol. 9, 1994, pp. 109-123.
164. Fried, V. H./Bruton. G. D./Hisrich, R, D. (1998): Strategy And The Board Of Directors In Venture capital-backed Firms, in: Journal of Business Venturing, vol. 13, 1998, pp. 493-503.
165. Fried, V. H./Hisrich, R. D. (1994): Toward a Model of Venture Capital Investment Decision Making, in: Financial Management, vol. 23, 1994, pp. 28-37.
166. Furubotn, E. G./Pejovich, S. (1972): Property Rights and Economic Theory: A Survey of Recent Literature, in: Journal of Economic Literature, vol. 10, 1972, pp. 1137-1162.
167. Furubotn, E. G./Richter, R. (2000): Institutions and Economic Theory, Ann Arbor 2000.
168. Gabrielsson, J./Huse, M. (2002): The venture capitalist and the board of directors in SMEs: roles and processes, in: Venture Capital, vol. 4, 2002, pp. 125-146.
169. Gaida, M. (2002): How To Venture Capital: Finanzierung Von Start-Ups im Gefüge von Staat, Banken und Börsen. Eine vergleichende Untersuchung der deutschen und US-amerikanischen Unternehmensfinanzierung, Diss., Wiesbaden 2002.
170. Galbareth, J./Galvin, P. (2004): Which Resources Matter? A Fine-Grained Test Of The Resource-Based View Of The Firm, Academy of Management Proceedings 2004, Business Policy and Strategy Division, pp. L1-L6.
171. Galbraith, J. A. (1973): Designing Complex Organizations, Addison-Wesley Longman Publishing Co, Boston 1972.
172. German Corporate Governance Code (GCGC) as amended on May 21, 2003, available at: http://www.ecgi.org/codes/code.php?code-id=43, call date: 06.01.2006.
173. Gerum, E./Wagner, H. (1998): Economics of Co-Determination in View of Corporate Governance, in: Hopt, K. J./Kanda, H./Roe, M. J./Wymeersch, E./Prigge, S. (Ed.): Comparative Corporate Governance - The State of the Art and Emerging Research, Oxford 1998, pp. 341-360.
174. Gibbs, P. A. (1993): Determinants of Corporate Restructuring: The Relative Importance of Corporate Governance, Takeover Threat, and Free Cashflow, in: Strategic Management Journal, vol. 14, 1993, pp. 51-68.
175. Gifford, S. (1997): Limited Attention And The Role Of The Venture Capitalist, in: Journal of Business Venturing, vol. 12, 1997, pp. 459-482.
176. Godfrey, P. C./Hill, C. W. L. (1995): The Problem Of Unobservables in Strategic Management Research, in: Strategic Management Journal, vol. 16, 1995, pp. 519-533.
177. Goergen, M./Manjou, M. C./Renneboog, L. (2004): Recent Developments in German Corporate Governance, ECGI Working Paper Series in Finance, Working paper No. 41/2004, available at: http://www.ssrn. com/abstract-id=539383, call date: 22.10.2004.
178. Gompers, P. A. (1995): Optimal Investment, Monitoring, and the Staging of Venture Capital, in: Journal of Finance, vol. 50, 1995, pp. 1461-1489.
179. Gompers, P. A. (1998): Venture capital growing pains: Should the market diet?, in: Journal of Banking & Finance, vol. 22, 1998, pp. 1089-1104.
180. Gompers, P. A./Ishii, J. L./Metrick, A. (2003): Corporate Governance and Equity Prices, in: Quarterly Journal of Economics, vol. 118, 2003, pp. 107-155.
181. Gompers, P. A./Lerner, J. (1996): The Use Of Covenants: An Empirical Analysis of Venture Partnership Agreements, in: Journal of Law and Economics, vol. 39, 1996, pp. 463-499.
182. Gompers, P. A./Lerner, J. (1999): Am analysis of compensation in the U. S. venture capital partnership, in: Journal of Financial Economics, vol. 51, 1999, pp. 3-44.
183. Gompers, P. A./Lerner, J. (2001): The Venture Capital Revolution, in: Journal of Economic Perspectives, vol. 15, 2001, pp. 145-168.
184. Gompers, P./Lerner, J. (2001): The venture capital revolution, in: Journal of Economic Perspective, vol. 15, 2001, pp. 145-168.
185. Gompers, P./Lerner, J. (2002): The venture capital cycle Cambridge M. A. 2002.
186. Gorman, M./Sahlman, W. A. (1989): What do Venture Capitalists Do?, in: Journal of Business Venturing, vol. 4, 1989, pp. 231-248.
187. Grossman, S. J./Hart, O. D. (1983): An Analysis of the Prinicipal-Agent Problem, in: Econometrica, vol. 51, 1983, pp. 7-46.
188. Grundei, J./Talaulicar, T. (2003): Aufsichtsräte in jungen Technologieunternehmen: Ursachen und Implikationen von Ü berwachsungsdefiziten, in: FinanzBetrieb, vol. 5, 2003, pp. 190-202.
189. Grundsatzkomission Corporate Governance (2000): Corproate Governance-Grundsätze ('Code of Best Practice') für börsennotierte Gesellschaften, Frankfurt am Main 2000, available at: http://www.dai.de/internet/dai/dai-20.nsf/LookupDL/ 9F31DE0AC7378FFDC1256B29005EAA3B/$File/code0700d.pdf, call date: 23.09.2004.
190. Gugler, K. (2001): Takeovers and the market for corporate control, in: K. Gugler (Ed.): Corporate Governance and Economic Performance, Oxford University Press, Oxford 2001.
191. Gupta, A. K./Sapienza, H. J. (1992): Determinants Of Venture Capital Firms' Preferences Regarding The Industry Diversity And Geographic Scope of Their Investments, in: Journal of Business Venturing, vol. 7, 1992, pp. 347-362.
192. Gustafsson, A.-K. (1998): Vilken betydelse har externa riskfinansiärer för styrelsearbetet I SMEs?, Thesis at Halmstadt University.
193. Hall, R. (1992): The Strategic Analysis Of Intangible Resources, in: Strategic Management Journal, vol. 13, 1992, pp. 135-144.
194. Hall, R. (1993): A Framework Linking Intangible Resources And Capabilities To Sustainable Competitive Advantage, in: Strategic Management Journal, vol. 14, 1993, pp. 607-618.
195. Halloran J. M. (1985): Venture Capital And Public Offering Negotiations, 2nd edition (includes 1983 and 1984 supplements), New York/Washington 1985.
196. Hambrick, D. C. (1987): The Top Management Team: Key to Strategic Success, in: California Management Review, vol. 29, 1987, pp. 88-108.
197. Harrison, J, (1987): Strategic Use of Corporate Board Committees, in: California Management Review, vol. 29, pp. 109-125.
198. Hart, O. D. (1983): The Market Mechanism as an Incentive Scheme, in: The Bell Journal of Economics, vol. 14, 1983, pp. 366-382.
199. Hartmann-Wendels, T. (1987): Venture Capital aus finanzierungstheoretischer Sicht, in: Zeitschrift für betriebswirtschaflichte Forschung, 39. Jg. 1987, pp. 16-31.
200. Hartzell, J. C./Kallberg, J. G./Liu, C. H. (2004): The Role Of Corporate Governance In Initial Public Offerings: Evidence from Real Estate Investment Trusts, Working Paper, available at: http://papers.ssrn. com/sol3/abstract-id= 342700, call date: 27.01.2006.
201. Hatherly, D./Innes, J./MacAndrew, J./Mitchell, F. (1994): An exploration of the MBO-financial relationship, in: Corporate Governance, vol. 2, 1994, pp. 20-29.
202. Hayn, M. (1998): Bewertung junger Unternehmen, Diss. Berlin 1998.
203. He L./Conyon M. J. (2004): CEO Compensation, Incentives. And Governance In New Enterprise Firms, in: Journal of Derivatives Accounting, vol. 1, 2004, pp. 47-60.
204. Healy, P. M./Wahlen, J. (1999): A review of the earnings management literature and its implications for standard setting, in: Accounting Horizons, vol. 13, 1999, pp. 365-383.
205. Heim, D. (2001): Private Equity-Fonds in der Portfoliotheorie aus Sicht deutscher Anleger, in: FinanzBetrieb, 3. Jg., 2001. S. 487-495.
206. Helfat, C. E./Peteraf, M. A. (2002): The Dynamic Resource-Based View: Capability Lifecycles, Tuck School of Business at Dartmouth Working Paper No. 03-08, available at: http://ssrn.com/abstract=386620, call date: 01.02.06.
207. Hellmann, T. (1998): The allocation of control rights in venture capital contracts, in: RAND Journal of Economics, vol. 29, 1998, pp. 57-76.
208. Hellmann, T. (2002): A theory of strategic venture investing, in: Journal of Financial Economics, vol. 64, 2002, pp. 285-314.
209. Hellmann, T./Lindsey, L/Puri, M. (2004): Building Relationships Early: Banks in Venture Capital, Discussion Paper Stanford University, available at: http://papers.ssrn. com/sol3/papers.cfm?abstract-id=474500, call date: 15.10.2005.
210. Hellmann, T./Puri, M. (2002): Venture Capital and the Professionlisation of Start-Up Firms: Empirical Evidence, in: Journal of Finance, vol. 57, 2002, pp. 169-197.
211. Hellwig, M. (1991): Banking, financial intermediation and corporate finance, in: A. Giovannini, A./Mayer,.: European financial integration, Cambridge 1991, pp. 35-72.
212. Hermalin, B. E./Weisbach, M. S. (2001): Boards of Directors as an Endogenously Determined Institution: A Survey of the Economic Literature, Working Paper, available at: http://islandia.law.yale.edu/ccl/papers/pan1.pdf; call date: 20.10.2004.
213. Hertig, G. (1998): Lenders as A Force in Corporate Governance - Criteria and Practical Examples for Switzerland, in: Hopt, K. J./Kanda, H./Roe, M. J./Wymeersch, E./Prigge, S. (Ed.): Comparative Corporate Governance - The State of the Art and Emerging Research, Oxford 1998, pp. 809-835.
214. Higashide, H./Birley, S. (1998): Consequences of Conflicts in the Venture Capitalist-Entrepreneur Team Relationship in the United Kingdom, in: Frontiers of Entrepreneurship Research 1998, Wellesley 1998; available at: http://www.babson.edu/entrep/fer/XVI/XVIA/html/xvi-a.htm, call date: 14.03.05.
215. Higashide, H./Birley, S. (2002): The consequences of conflict between the venture capitalist and the entrepreneurial team in the United Kingdom from the perspective of the venture capitalist, in:, in: Journal of Business Venturing, vol. 17, 2002, pp. 59-81.
216. Hill, C. W. L./Snell, S. A. (1988): External Control, Corporate Strategy, And Firm Performance In Research-Intensive Industries, in: Strategic Management Journal, vol. 9, 1988, pp. 577-590.
217. Hillman, A. J./Canella, A. A./Paetzold, R. L. (2000): The Resource Dependence Role Of Corporate Directors: Strategic Adaptation Of Board Composition In Response To Environmental Chance, in: Journal of Management Studies, vol. 37, 2000, pp. 235-255.
218. Hillman, A. J./Dalziel, T. (2003): Boards of Directors And Firm Performance: Integrating Agency And Resource Dependence Perspective, in: Academy of Management Review, vol. 28, 2003, pp. 383-396.
219. Himmelberg, C. P./Hubbard, R. G./Palia, D. (1999): Understanding the determinants of managerial ownership and the link between ownership and performance, in: Journal of Financial Economics, vol. 53, 1999, pp. 353-384.
220. Hochberg, Y. V. (2002): Venture Capital and Corporate Governance in the Newly Public Firm, Working Paper Stanford University Graduate School of Business, available at: http://www.stanford.edu/group/stvp/research/Hochberg. pdf, call date: 21.02.05.
221. Hoffmann, G. (2003): Corporate-Governance-Systeme und ihr Einfluss auf die Innovationsfinanzierung, Diss., Wiesbaden 2003.
222. Holderness, C. G./Sheehan, D. P. (1988): The Role Of Majority Shareholders In Publicly Held Corporations, in: Journal of Political Economics, vol. 20, 1988, pp. 317-346.
223. Holmström, B. (1979): Moral hazard and observability, in: Bell Journal of Economics, vol. 10, 1979, pp. 74-91.
224. Holström, B. (1999): Managerial Incentive Problems: A Dynamic Perspective, in: The Review of Economic Studies, vol. 66, 1999, pp. 169-182.
225. Hommel, U./Ritter, M./Wright, M. (2003): Verhalten der Beteiligungsfinanzierer nach dem "Downturn" - Ergebnisse einer empirischen Untersuchung, in: FinanzBetrieb, 5. Jg., 2003, pp. 323-333.
226. Hopt, K. J. (1998): The German Two-Tier Board: Experience, Theories, Reforms, in: Hopt, K. J./Kanda, H./Roe, M. J./Wymeersch, E./Prigge, S. (Ed.): Comparative Corporate Governance - The State of the Art and Emerging Research, Oxford 1998, pp. 227-258.
227. Hopt, K./Wymeersch, E. (1997): Comparative Corporate Governance: Essays and Materials, Hrsg., Berlin/New York 1997.
228. Hosmer, D. W./Lemeshow, S. (1989): Applied Logistic Regression - Whiley Series in Probability and Mathematical Statistics, New York 1989.
229. Hsu, D. H. (2004): What Do Entrepreneurs Pay for Venture Capital Affiliation, in: Journal of Finance, vol. 59, 2004, pp. 1805-1844.
230. Huber, T./Böhler, C. (2003): Externe Berichterstattung und Corporate Governance von Private Equity Funds - Anforderungen und Erwartungen der Schweizer Investoren, in: der Schweizer Treuhänder, 8. Jg., 2003, pp. 1000-1006.
231. Hung, H. (1998): A typology of the theories of the roles of governing boards, in: Corporate Governance, vol. 6, 1998, pp. 101-111.
232. Huse, M. (2000): Boards of directors in SMEs: a review and research agenda, In. Entrepreneurship & Regional Development, vol. 12, 2000, pp. 271-290.
233. Huse, M. (2005): Corporate Governance: Understanding Important Contingencies, in: Corporate Ownership & Control, vol. 2, 2005, pp. 41-50.
234. Huse, M./Landström, H. (2002): Teaching Corporate Governance: Challenges For Research and Practice, Paper presented at EURAM conference Stockholm 2002, available at: http://www.ecsocman. edu.ru/images/pubs/2002/12/ 11/0000015723/corp-gov-teaching.pdf, call date: 31.10.2005
235. Huson, M. R./Parrino, R./Starks, L. T. (2001): Internal Monitoring Mechanisms and CEO Turnover: A Long-Term Perspective, in: Journal of Finance, vol. 56, 2001, pp. 2265-2297.
236. Ingley, C. B./Van Der Walt, N. T. (2001): The Strategic Board: the changing role of directors in developing and maintating corporate capability, in: Corporate Governance, vol. 9, 2001, pp. 174-185.
237. Ingley, C. B./Van Der Walt, N. T. (2003): Do Board Processes Influence Director and Board Performance? Statutory and performance implications, in: Corporate Governance, vol. 13, 2005, pp. 632-653.
238. Jackson, S. E./Dutton, J. E. (1988): Discerning Threats and Opportunities, in: Administrative Science Quarterly, vol. 33, 1988, pp. 370-387.
239. Jain, B. A. (2001): Predictors of performance of venture capital-backed organizations, in: Journal of Business Research, vol. 52, 2001, pp. 223-233.
240. Janssen, J./Laatz, W. (2003): Statistische Datenanalyse mit SPSS für Windows, 4. Auflage, Berlin 2003.
241. Jeng, L. A./Wells, P. C. (2000): The determinants of venture capital funding: evidence across countries, in: Journal of Corporate Finance, vol. 6, 2000, pp. 241-289.
242. Jensen, M. C. (1986): Agency Costs of Free Cashflow, Corporate Finance, and Takeovers, American Economic Review, vol. 76, 1986, pp. 323-329.
243. Jensen, M. C. (1993): The Modern Industrial Revolution, Exit, and the Failure of Internal Control System, in: Journal of Finance, vol. 48, pp. 831-880.
244. Jensen, M. C./Meckling, W. H. (1976): Theory of the Firm: Managerial Behavior, Agency Costs And Ownership Structure, in: Journal of Financial Economics, vol. 3, 1976, pp. 305-360.
245. Jensen, M. C./Warner. J. B. (1988): The Distribution of Power Among Corporate Managers, Shareholders, And Directors, in: Journal of Financial Economics, vol. 20, 1988, pp. 3-24.
246. Jensen, M./Ruback, R. S. (1983): The market for corporate control: the scientific evidence, In. Journal of Financial Economics, vol. 11, 1983, pp. 5-50.
247. Joh, S. W. (2003): Corporate governance and firm profitability: evidence from Korea before the economic crisis, in: Journal of Financial Economics, vol. 68, 2003, pp. 287-322.
248. John, K./Lang, L. H. P./Netter, J. (1992): The Voluntary Restructuring of Large Firms in Response to Performance Decline, in: Journal of Finance, vol. 47, 1992, pp. 891-917.
249. Johnson, J. L./Daily, C. M./Ellstrand, A. E. (1996): Boards of Directors: A Review and Research Agenda, in: Journal of Management, vol. 22, 1996, pp. 409-438.
250. Johnson, R. A./Hoskisson, R. E./Hitt, M. A. (1993): Board of Director Involvement in Restructuring: The Effects of Board versus Managerial Control and Characteristics, in: Strategic Management Journal, vol. 14, Special Issue Summer 1993, pp. 33-50.
251. Johnson, R. B./Onwuegbuzie, A. J. (2004): Mixed Methods Research: A Research Paradigm Whose Time Has Come, In: Educational Researcher, Vol. 33, 2004, pp. 14-26.
252. Judge, W. Q./Miller, A. (1991): Antecedents And Outcomes Of Decision Speed In Different Environmental Contexts, in: Academy of Management Journal, vol. 34, 1991, 449-463.
253. Judge, W. Q./Zeithaml, C. P. (1992): Institutional And Strategic Choice Perspectives On Board Involvement In The Strategic Decision Process, in: Academy of Management Journal, vol. 35, 1992, pp. 766-794.
254. Kale, J. R./Noe, T. H./Ramirez, G. G. (1991): The Effect of Business Risk on Corporate Capital Structure: Theory and Evidence, in: Journal of Finance, vol. 46, 1991, pp. 1693-1715.
255. Kanniainen, V./Keuschnigg, C. (2003): The optimal portfolio of start-up firms in venture capital finance, in: Journal of Corporate Finance, vol. 9, 2003, pp. 521-534.
256. Kaplan, S. N./Reishus. D. (1990): Outside directorships and corporate performance, in: Journal of Financial Economics, vol. 27, 1990, pp. 389-410.
257. Kaplan, S. N./Strömberg, P. (2001): Venture Capitalists as Principals: Contracting, Screening, and Monitoring, in: American Economic Review, vol. 91, 2001, pp. 426-430.
258. Kaplan, S. N./Strömberg, P. (2003): Financial Contracting Theory Meets the Real World: An Empirical Analysis of Venture Capital Contracts, in: Review of Economic Studies (2003), vol. 70, pp. 281-315.
259. Kaplan, S. N./Strömberg, P. (2004): Characteristics, Contracts, and Actions: Evidence from Venture Capitalist Analyses, in: Journal of Finance vol. 59, 2004, pp. 2177-2209.
260. Kenney, M. (2000): Note on "Venture Capital", BRIE Working Paper142, E-conomy Project Working Paper 17, University of California, Berkeley, available at: http://e-conomy.berkeley.edu/publications/wp/wp142.pdf, call date: 01.08.2004.
261. Kiel, G. C./Nicholson, G. J. (2005): Evaluating Boards and Directors, in: Corporate Governance, vol. 13, 2005, pp. 613-631.
262. Kirzner, I. M. (1997): Entrepreneurial Discovery and the Competitive Market Process: An Austrian Approach, in: Journal of Economic Literature, vol. 35, 1997, pp. 60-85.
263. Klapper, L. F./Love, I. (2002): Corporate Governance, Investor Protection, and Performance in Emerging Countries, World Bank Policy Research Working Paper 2818, April 2002, available at: http://econ. worldbank.org; call date: 07.03.200.
264. Klein, B./Crawford, R. G./Alchian, A. A. (1978): Vertical Integration, Appropriable Rents, and the Competitive Contracting Process, in: The Journal of Law and Economics, vol. 26, 1978, pp. 297-326.
265. Klein, B./Leffler, K. (1981): The Role of Market Forces in Assuring Contractual Performance, in: Journal of Political Economy, vol. 89, 1981, pp. 615-641.
266. Knott, A. M./Bryce, D. J./Posen, H. E. (2003): On the Strategic Accumulation of Intangible Assets, in: Organization Science, vol. 14, 2003, pp. 192-207.
267. Kozer, M. (2002): Corporate Governance: Das Zusammenspiel von Internal Control und External Control, Diss., Aachen 2002.
268. Kraft, M. (1997): der Ansatz der Logistischen Regression, in: Zeitschrift für Betriebswirtschaft, 67. Jg, pp. 636-641.
269. Kraft, V. (2001): Private Equity-Investitionen in Turnarounds und Restrukturierungen, Diss., Frankfurt am Main 2001.
270. Kroll, M./Wright, P./Toombs, L./Leavell, H. (1997): Forms of Control: A Critical Determinant of Acquisition Performance and CEO Rewards, in: Strategic Management Journal, vol. 18, 1997, pp. 85-96.
271. Krosnick, J. A./Fabrigar, L. R. (1997): Designing Rating Scales for Effective Measurement in Surveys, in: Lyberg, L./Biemer, P./Collins, M./Decker, L./De Leeuw, E./Dippo, C./Schwarz, N./Trewin, D. (Eds.): Survey Measurement and Process Quality. New York, 1997.
272. Kroszner, R. S./Strahan, P. E. (2001): Bankers on boards: monitoring, conflicts of interst and lender liability, in: Journal of Financial Economics, vol. 62, 2001, pp. 415-452.
273. Küting, K. (2000b): Möglichkeiten und Grenzen der Bilanzanalyse am neuen Markt (Teil II), in: Finanz Betrieb, 2. Jg., 2000, pp. 674-683.
274. La Porta, R./Lopez-De-Silanes, F./Shleifer, A./Vishny, R. W. (1998): Law and Finance, in: Journal of Political Economy, vol. 106, pp. 1113-1155.
275. La Porta, R./Lopez-De-Silanes, Fö./Shleifer, A./Vishny, R. (2000): Investor protection and corporate governance, in: Journal of Financial Economics, vol. 58, 2000, pp. 3-27.
276. Landström, H. (1993): Informal Risk Capital In Sweden And Some International Comparisons; In: Journal of Business Venturing, vol. 8, 1993, pp. 525-540.
277. Langberg, M. (2006): Why Enron wouldn't happen in the valley, in: San Jose Mercury News, 26.05.2006.
278. Lee, C./Lee, K./Pennings, J. M. (2001): Internal Capabilities, External Networks, And Performance: A Study on Technology-Based Ventures, in: Strategic Management Journal, vol. 22, 2001, pp. 615-640.
279. Leland, H. E./Pyle, D. H. (1977): Informational Asymmetries, Financial Structure, And Financial Intermediation, in: Journal of Finance, vol. 32, 1977, pp. 371-387.
280. Leleux, B./Surlemont, B. (2003): Public Versus Private Venture Capital: Seeding Or Crowding Out? A Pan-European Analysis, in: Journal of Business Venturing, Vol 18, 2003, pp. 81-104.
281. Lengström, D./Platin, J. (2000): Riskkapitalisters aktivitet i portföljbolagens styrelse, Thesis at Halmstadt University.
282. Lerner, J. (1994): The Syndication of Venture Capital Investments, in: Financial Management, vol. 23, 2994, pp. 16-27.
283. Lerner, J. (1995): Venture Capital and the Oversight of Private Firms, in: The Journal of Finance, Vol. 50, 1995, pp. 301-318.
284. Lerner, J. (1998): "Angel" financing and public policy: An overview, in: Journal of Banking & Finance, vol. 22, 1998, pp. 773-783.
285. Lerner, J. (1999): The government as venture capitalist: The long-run effects of the SBIR program, in: Journal of Business, vol. 72, 1999, pp. 285-318.
286. Lippert, R. L./Moore, W. T. (1995): Monitoring versus Bonding - shareholder rights and management compensation, In: Financial Management, Vol. 24, 1995, pp. 54-62.
287. Lippman S. A./Rumelt, R. P. (1982): Uncertain imitability: an analysis of interfirm differences in efficiency under competition, in: Bell Journal of Economics, vol. 13, 1982, pp. 418-438.
288. Lockett, A./Thompson, S. (2001): The Resource-Based View and Economics, in: Jopurnal of Management, vol. 27, pp. 723-754.
289. Long, T./Dulewicz, V./Gay, K. (2005): The Role of the Non-executive Director: findings of an empirical investigation into the differences between listed and unlisted UK boards, in:, in: Corporate Governance, vol. 13, 2005, pp. 667-679.
290. Lynall, M. D./Golden, B. R./Hillman, A. J. (2003): Board Composition From Adolescence To Maturity: A Multitheoretic View, in: Academy of Management Review, vol. 28, pp. 416-431.
291. Macmillan, I. C./Khulow, D./Khoylian, R. (1988): Venture Capitalists' involvement in their investments: Extent and performance, in: Journal of Business Venturing, vol. 4, 1988, pp. 27-47.
292. Macmillan, I. C./Zeman, L./Subbanarasimha, P. N. (1987): Criteria Distinguishing Successful From Unsuccessful Ventures In The Venture Screening Process, in: Journal of Business Venturing, vol. 2, 1987, pp. 123-137.
293. Makadok, R. (2001): Towards A Synthesis Of The Resource-Based And Dynamic Capability Views of Rent Creation, in: Strategic Management Journal, vol. 22, 2001, pp. 387-401.
294. Manigart, S. (1994): The Founding Rate Of Venture Capital Firms In Three European Countries (1970-1990), in: Journal of Business Venturing, vol. 9, 1994, pp. 525-541.
295. Manigart, S./Lockett, A./Meuleman, M./Wright, M./Landström, H./Bruining, H./Desbrières, P./Hommel, U. (2002): Why Do European Venture Capital Comapanies Syndicate?, ERIM Report Series Research in Management, ERS-2002-98-ORG, Erasmus Universiteit Rotterdam 2002.
296. Manigart, S./De Waele, K./Wright, M./Robbie, K./Dsbrières P./Sapienza, H. J./Beekman, A. (2002): Determinants of required return in venture capital investments: a five-country study, in: Journal of Business Venturing, vol. 17, 2002, pp. 291-312.
297. March, J. G./Simon, H. A. (1958): Organizations, John Wiley, New York 1958.
298. Markman, G. D./Balkin, D. B./Schjoedt, L. (2001): Governing the innovation process in entrepreneurial firms, in: Journal of High Technology Management Research, vol. 12, 2001, pp. 273-293.
299. Martens, M. L./Arcand, J. P./Walker, T. J. (2005): Institutional and Strategic Consequences of Founder-CEO Transition Decisions in IPO Firms, Paper presented at the Babson Kauffman Entrepreneurship Research Conference, Wellesley, MA, 2005.
300. Mathews, J. A. (2002): A resource-based view of Schumpeterian economic dynamics, in: Journal of Evolutionary Economic, vol. 12, 2002, pp. 39-54.
301. May, A. (1991): Zum Stand der empirischen Forschung über Informationsverarbeitung am Aktienmarkt - Ein Überblick, in: Zeitschrift für betriebswirtschaftliche Forschung, 43. Jg., 1991, pp. 313-359.
302. McConell, J. J./Servaes, H. (1990): Additional evidence on equity ownership and corporate value, in: Journal of Financial Economics, vol. 27, 1990, pp. 595-612.
303. McGee, J. E./Megginson, W. L. (1995): Cooperative Strategy And New Venture Performance: The Role Of Business Strategy And Management Experience, in: Strategic Management Journal, vol. 16, 1995, pp. 565-580.
304. McGuire, J. (2000): Corporate Governance and Growth Potential: an empirical analysis, in: Corporate Governance, vol. 8, 2000, pp. 32-42.
305. Melin, L./Nordqvist, M. (2002): The Role of Cultural and Institutional Processes in Shaping Corporate Governance Systems in Family Firms, Paper presented at the Academic Research Forum, FBN Annual World Conference, Helsinki 2002, available at: http://cref.u-bordeaux4.fr/Nouveau%20Site/ARTICLES/ Melin%20et%20Nordqvist% 202002.pdf, call date: 31.10.2005.
306. Michalisin, M. D./Smith, R. D./Kline, D. M. (1997): N Search of Strategic Assets, in: International Journal of Organizational Analysis, vol. 5, 1997, pp. 360-387.
307. Miller, D./Shamsie, J. (1996): The Resource-Based View Of The Firm In Two Environments: The Hollywood Film Studios From 1936 to 1956, in: Academy of Management Journal, vol. 39, pp. 519-543.
308. Modigliani, F./Miller, M. H. (1958): The Cost Of Capital, Corporate Finance And The Theory Of Investment, in: American Economic review, vol. 48, 1958, pp. 261-297.
309. Morck, R./Shleifer, A./Vishny, R. W. (1988): Management Ownership And Market Valuation - An Empirical Analysis, in: Journal of Financial Economics, vol. 20, 1988, pp. 293-315.
310. Murphy, K. J. (2003): Stock-based pay in new economy firms, in: Journal of Accounting and Economics, vol. 34, 2003, pp. 129-147.
311. MxCulloch, C. E./Searle, S. R. (2000): Generalized, Linear, and Mixed Models, New York, 2000.
312. Nelson, R./Winter, S. (1982): An Evolutionary Theory of Economic Change, Cambridge 1982.
313. Neubauer, F. F./Lank, A. G. (1998): The Family Business - Its Governance for Sustainability, New York 1998.
314. Nicholson, G. J./Kiel, G. C. (2004): A Frameworkfor Diagnosing Board Effectiveness, in: Corporate Governance, vol. 12, 2004, pp. 442-460.
315. Norusis, M. J. (2006): SPSS 14.0 Advanced Statistical Procedures Companion. New York 2006.
316. OECD (2003): Survey of corporate governance developments in OECD countries, available at: http://www.oecd.org/topic/0, 2686, en-2649-37439-1-1-1- 1-37439, 00.html, call date: 20.10.2004.
317. OECD Principles of Corporate Governance, version of 2004, available at: http://www.ecgi.org/codes/code.php?code-id=87, call date. 06.10.2006.
318. Ooghe, H./Manigart, S./Fassin, Y. (1991): Growth Patterns Of The European Venture Capital Industry, in: Journal of Business Venturing, vol. 6, 1991 S. 381-404.
319. Peck, S. J./Ruigrok, W. (2000): Hiding behind the Flag? Prospects for Change in German Corporate Governance, in: European Management Journal, vol. 18, 2000, pp. 420-430.
320. Peteraf, M. A. (1993): The Cornerstones Of Competitive Advantage: A Resource-Based View, in: Strategic Management Journal, vol. 14, 179-191.
321. Peteraf, M. A./Bergen, M. E. (2003): Scanning Dynamic Competitive Landscapes: A Market-Based And Resource-Based Framework, in: Strategic Management Journal, vol. 24, 2003, pp. 1027-1041.
322. Pfeffer, J. (1972): Size and Composition of Corporate Boards of Directors: The Organization and its Environment, in: Administrative Science Quarterly, vol. 17, pp. 218-228.
323. Picot, A. (1982): Transaktionskosten in der Organisationstheorie: Stand der Diskussion und Aussagewert, in: Die Betriebswirtschaft, 42. Jg., 1982, pp. 267-284.
324. Polanyi, M. (1962): Personal Knowledge, Routledge and Paul Kegan, London 1962.
325. Pollok, T. G./Baker, T./Fund, B. R.: Who's Minding the Store? Venture Capitalist Styles And The Replacement of Founder-CEOs, Paper presented at the Babson Kauffman Entrepreneurship Research Conference, Wellesley, MA. 2005.
326. Potthoff, E./Trescher, K./Theisen, M. R. (2003): Das Aufsichtsratsmitglied - Ein Handbuch der Aufgaben, Rechten und Pflichten, Stuttgart 2003.
327. Powell, T. C. (1992): Organizational Alignment As Competitive Advantage, in: Stratefic Management Journal, vol. 13, 1992, pp. 119-134.
328. Prigge, S. (1998): A Survey of German Corporate Governance, in: Hopt, K. J./Kanda, H./Roe, M. J./Wymeersch, E./Prigge, S. (Ed.): Comparative Corporate Governance - The State of the Art and Emerging Research, Oxford 1998, pp. 943-1044.
329. Rau-Bredow, H. (1992): Zur theoretischen Fundierung der Institutionenökonomie, Diss., München 1992.
330. Rechner, P. L./Dalton, D. R. (1990): CEO Duality And Organizational Performance: A Longitudinal Analysis, in: Strategic Management Journal, vol. 12, 1990, pp. 155-160.
331. Rediker, K. J./Seth, A. (1993): Boards Of Directors And Substitution Effects Of Alternative Governance Mechanisms, in: Strategic Management Journal, vol. 16, 1993, pp. 85-99.
332. Regierungskommission Corporate Governance (2001): Unternehmensfü hrung - Unternehmenskontrolle - Modernisierung des Aktienrechts - Bericht der Regierungskommission "Corporate Governance, Berlin 2001, available at: http://www.jura.uni-duesseldorf.de/dozenten/noack/texte/cg/komplett.doc, call date: 23.09.04.
333. Regierungskommission Deutscher Corporate Governance Kodex (2002): Deutscher Corporate Governance Kodex vom 07. November 2002.
334. Richter, R./Furubotn, E. G. (2003): Neue Institutionenökonomik: eine Einführung und kritische Würdigung, Tübingen 2003.
335. Riekert, P. D. (2004): Venture Governance, Diss., Wiesbaden 2004.
336. Ringleb, H. M./Kremer, T./Lutter, M./V. Werder, A. (2003): Kommentar zum Deutschen Corporate Governance Kodex, München 2003.
337. Roberts, E. B. (1991): High Stakes for High-Tech Entrepreneurs: Understanding Venture Capital Decision Making, in: Sloan Management Review, vol. 32, 1991, pp. 9-20.
338. Robinson, R. B. Jr. (1987): Emerging Strategies In The Venture Capital Industry, in: Journal of Business Venturing, vol. 2, 1987, pp. 53-77.
339. Roe, M. J. (1998): German Co-Determination and German Securities Markets, in: Hopt, K. J./Kanda, H./Roe, M. J./Wymeersch, E./Prigge, pp. (Ed.): Comparative Corporate Governance - The State of the Art and Emerging Research, Oxford 1998, pp. 361-372.
340. Rosenstein, J. (1988): The Board And Strategy: Venture Capital And High Technology, in: Journal of Business Venturing, vol. 3, 1988, pp. 159-170.
341. Rosenstein, J./Bruno, A. V./Bygrave, W./Taylor, N. (1993): The CEO, Venture Capitalists, And The Board, in: Journal of Business Venturing, vol. 8, 1993, S: 99-113.
342. Rosenstein, S./Wyatt, J. G. (1990): Outside Directors, board independence, and shareholder wealth, in: Journal of Financial Economics, vol. 26, 1990, pp. 175-191.
343. Ross, S. A. (1973): The Economic Theory of Agency: The Principal's Problem, in: American Economic Review, vol. 63, 1973, pp. 134-139.
344. Ruhnka, J. C./Young, J. E. (1987): A Venture Capital Model Of The Development, in: Journal of Business Venturing, vol. 2, 1987, pp. 167-184.
345. Ruhnka, J. C./Young, J. E. (1991): Some Hypotheses About Risk in Venture Capital Investing, in: Journal of Business Venturing, vol. 6, 1991, pp. 115-133.
346. Ruppen, D. (2001): Corporate Governance bei Venture Capital-finanzierten Unternehmen, Diss., St. Gallen 2001.
347. Sahlman, W. A. (1990): The structure and governance of venture-capital organizations, in: Journal of Financial Economics, vol. 27, 1990, pp. 473-521.
348. Salop, J./Salop, S. (1976): Self-Selection and Turnover in the Labor Market, in: Quarterly Journal of Economics, vol. 90, 1976, pp. 619-628.
349. Sapienza, H. J. (1992): When Do Venture Capitalists Add Value, in: Journal of Business Venturing, vol. 7, 1992, pp. 9-27.
350. Sapienza, H. J./Gupta, A. K. (1994): Impact of Agency Risks and Task Uncertainty on Venture Capitalist-CEO Interaction, in: Academy of Management Journal, Vol 37, 1994, pp. 1618-1632.
351. Sapienza, H. J./Korsgaard M. A./Goulet, P. K./Hoogendam, J. P. (2000): Effects of agency risk and procedural justice on board processes in venture capitalbacked firms, in: Entrepreneurship & Regional Development, vol. 12, 2000, pp. 331-351.
352. Sapienza, H. J./Manigart, S./Vermeir, W. (1996): Venture Capitalist Governance And Value Added in Four Countries, in: Journal of Business Venturing, vol. 11, 1996, pp. 439-469.
353. Sapienza, H. J./Timmons, J. A. (1989): The Roles of the Venture Capitalists in New Ventures: What Determines Their Importance?, in: Academy of Management Best Papers Proceedings, pp. 74-78.
354. Schefczyk, M. (2000): Erfolgsstrategien deutscher Venture Capital-Gesellschaften, 2. Auflage, Stuttgart 2000.
355. Schenk, G. (2003): Standardisierung im Berichtswesen, in: A. K. Achleitner/A. Bassen: Controlling von jungen Unternehmen, Stuttgart 2003, pp. 397-421.
356. Schmidt, D./Wahrenburg, M. (2003): Contractual Relations between European VC-Funds and Investors: The Impact of Reputation and Bargaining Power on Contractual Design, CFS Working Paper No. 2003/15, Center for Financial Studies, Johann Wolfgang Goethe Universität Frankfurt am Main 2003.
357. Schmidt, R. H. (1985): Venture-Capital aus der Sicht der Finanzierungstheorie, in: Betriebswirtschaftliche Forschung und Praxis, 37. Jg. 1985, pp. 421-437.
358. Schmidt, R. H. (2001): Kontinuität und Wandel bei der Corporate Governance in Deutschland, in: Neuere Ansätze der Betriebswirtschaftslehre - in memoriam Karl Hax, Gruppe Handelsblatt, Düsseldorf 2001, pp. 61-87.
359. Schoppe, S. G./Waas Von Czege, A. G./Münchow, M. M./Stein, I./Zimmer, K. (1995): Moderne Theorie der Unternehmung, Wien 1995.
360. Shane, S. (2000): Prior Knowledge and the Discovery of Entrepreneurial Opportunities, in: Organizational Science, vol. 11, 2000, pp. 448-469.
361. Shane, S./Cable, D. (2002): Network Ties, Reputation, and the Financing of New Ventures, in: Management Science, vol. 48, 2002, pp. 364-381.
362. Shane, S./Venkataraman, S. (2000): The Promise of Entrepereneurship As A Field Of Research, in: Academy of Management Review, Vol. 25, pp. 217-226.
363. Shen, W. (2003): The Dynamics Of The CEO-Board Relationship: An Evolutionary Perspective, in: Academy of Management Review, vol. 28, 2003, pp. 466-476.
364. Shepherd, D. A./Zacharakis, A./Baron, R. A. (2003): VCs' decision processes: Evidence suggesting more experience may not always be better, in: Journal of Business Venturing, vol. 18, 2003, pp. 381-401.
365. Shleifer, A./Vishny, R. V. (1997): A Survey of Corporate Governance, in: Journal of Finance, vol. 52, 1997, pp. 737-783.
366. Shleifer, A./Vishny, R. W. (1986): Large Shareholders and Corporate Control, in: Journal of Political Economy, vol. 94, 1986, pp. 461-488.
367. Short, H./Keasy, K./Wright, M./Hull, A. (1999): Corporate governance: from accountability to enterprise, in: Accounting and Business Research, vol. 29, 1999, pp. 337-352.
368. Sirmon, D. G./Hitt, M. A. (2003): Managing Resources: Linking Unique Resources, Management, and Wealth Creation in Family Firms, in: Entrepreneurship Theory and Practice, vol. 27, 2003, pp. 339-358.
369. Sloan, R. G. (2001): Financial accounting and corporate governance: a discussion, in: Journal of Accounting and Economics, vol. 32, 2001, pp. 335-347.
370. Smith, A. (1776): An Inquiry into the Nature and Causes of the Wealth of Nations, zitiert nach der fünften Auflage (1789), available at: http://www.econlib.org/library/Smith/smWNtoc.html, call date: 02.08.2004.
371. Smith, C./Watts, R. L. (1992): The investment opportunity set and corporate financing, dividend and compensation policies, in: Journal of Financial Economics, vol. 32, 1992, pp. 263-292.
372. Smith, J. K./Smith, R. L. (2000): Entrepreneurial Finance, New York 2000.
373. Spreemann, K. (1990): Asymmetrische Information, in: Zeitschrift für Betriebswirtschaftslehre, 60. Jg. 1990, pp. 561-586
374. Stiglitz, J. E. (1974): On the Irrelevance of Corporate Finance Policy, in: American Economic Review, vol. 64, 1974, pp. 851-866.
375. Strieder, T. (2004): Erläuterungen zum Deutschen Corporate Governance Kodex, in: FinanzBetrieb, 6. Jg., 2004, pp. 13-27.
376. Stulz, R. M. (1987): Managerial Control Of Voting Rights - Financing Policies and the Market for Corporate Control, in: Journal of Financial Economics, vol. 20, 1988, pp. 25-54.
377. Sundaramurthy, C./Lewis, M. (2003): Control And Collaboration: Paradoxes Of Governance, in: Academy of Management Review, vol. 28, 2003, pp. 397-415.
378. Sweeting, R. C./Wong, C. F. (1997): A UK 'Hands-Off' Venture Capital Firm and the Handling of Post-Investment Investor-Investee Relationships, in: Journal of Management Studies, vol. 34, 1997, pp. 125-152
379. Sykes, H. B. (1990): Corporate Venture Capital: Strategies For Success, in: Journal of Business Venturing, vol. 5(1990), pp. 37-47.
380. Sykes, H. B. (1992): Incentive Compensation For Corporate Venture Personnel, in: Journal of Business Venturing, vol. 7, pp. 253-265.
381. Sykes, H. B./Block, Z. (1989): Corporate Venturing Obstacles: Sources And Solutions, in: Journal of Business Venturing, vol. 4, 1989, pp. 159-167.
382. Talaulicar, T./Grundei, J./V. Werder, A. (2001): Corporate Governance deutscher Start-ups: Ergebnisse einer empirischen Erhebung, in: Finanzbetrieb, 3. Jg., 2001, pp. 511-519.
383. Teece, D. J./Pisano, G./Shuen, A. (1997): Dynamic Capabilities and Strategic Management, in: Strategic Management Journal, vol. 18, 1997, pp. 509-533.
384. Temprorale, R./Ismann, B. (1999): Zulassungsvoraussetzungen und Folgepflichten im Rahmen des IPO konkretisiert am Neuen Markt, in: FinanzBetrieb, 1. Jg., 1999, pp. 263-265.
385. Theisen, R. M. (2003): Herausforderung Corporate Governance, in: Die Betriebswirtschaft, 63. Jg., 2003, pp. 441-464.
386. Tirole, J. (2001): Corporate Governance, in: Econometrica, vol. 69, 2001, pp. 1-35.
387. Tomer, J. F. (1987): Organizational Capital, Praeger, New York 1987.
388. Triantis, G. G. (2001): Financial Contract Design in the World of Venture Capital, in: University of Chicago Law Review, vol. 68, 2001, pp. 305-323.
389. Tykvova, T. (2004): Who Are the True Venture Capitalists in Germany? ZEW - Centre for European Economic Research Discussion Paper No. 04-16, available at: http://ftp. zew.de/pub/zew-docs/dp/dp0416.pdf; call date: 01.03.2005.
390. Ueda, M. (2004): Banks versus Venture Capital: Project Evaluation, Screening, and Expropriation, in: Journal of Finance vol. 59, 2004, pp. 601-621.
391. Van Den Berghe, L./Levrau, A. (2002): The Role of the Venture Capitalist as Monitor of the Company: a corporate governance perspective, in: Corporate Governance, vol. 10, 2002, pp. 124-135.
392. Van Den Berghe, L./Levrau, A. (2004): Evaluating Boards of Directors: what constitutes a good corporate board, in: Corporate Governance, vol. 12, 2004, pp. 461-478.
393. Verbeke, G., and Molenberghs, G. (2000): Linear Mixed Models for Longitudial Data, New York 2000.
394. Von Osnabrugge, M. (1999): A Comparison of Business Angel And Venture Capitalist Investment Procedures: An Agency Theory-Based Analysis, in: Frontiers of Entrepreneurship Research 1999, Wellesley 1999; available at: http://www.babson. edu/entrep/fer/papers99/award%203/award3.html, call date: 14.03.05.
395. Walker, G./Weber, D. (1984): A Transaction Cost Approach to Make-or-Buy Decisions, in: Administrative Science Quarterly, vol. 29, 1984, pp. 373-391.
396. Wallman, M. H. (2005): A New Approach To Building Shareholder Value, in: The Corporate Board, 7-8/2005, pp. 1-6.
397. Walsh, J. P./Seward, J. K. (1990): On the Efficiency of Internal and External Corporate Control Mechanisms, in: Academy of Management Review, vol. 15, 1990, pp. 421-458.
398. Wang, S./Zhou, H. (2004): Staged financing in venture capital: moral hazard and risks, in: Journal of Corporate Finance, vol. 10, 2004, pp. 131-155.
399. Weber, C. (2002): Diversifikation versus Spezialisierung - Vorteilhaftigkeit von Portfoliostrategien bei Venture Capital Investments, Diss., Hamburg 2002.
400. Weil, Gotshal & Manges (2002): Comparative Study of Corporate Governance Codes Relevant to the European Union and its Member States, Final Report & Annexes I-III on behalf of the European Commission, Internal Market Directorate General, available at: http://www.ecgi.org/codes/code.php?code-id= 25, call date: 06.01.06.
401. Weimer, J./Pape. J. C. (1999): A Taxonomy of Systems of Corporate Governance, in: Corporate Governance, vol. 7, 1999, pp. 152-166.
402. Welbourne, T. M./Cyr, L. A. (1999): The Human Resource Executive Effect in Initial Pubic Offering Firms, in: Academy of Management Journal, vol. 42, 1999, pp. 616-629.
403. Wernerfelt, B. (1984): A Resource-based View of the Firm, in: Strategic Management Journal, vol. 5, 1984, pp. 171-180.
404. Westphal, J. D. (1999): Collaboration In The Boardroom: Behavioral And Performance Consequences Of CEO-Board Social Ties, in: Academy of Management Journal, vol. 42, 1999, pp. 7-24.
405. Wetzel, W. E. Jr. (1987): The Informal Venture Capital Market: Aspects Of Scale And Market Efficiency, in: Journal of Business Venturing, vol. 2, 1987, pp. 299-313.
406. Whincop, M. J. (2000): Entrepreneurial Governance, Working Paper, available at: http://ssrn. com/abstract=254169, call date: 14.03.05.
407. Wilhelm, J. E. M. (1985): Arbitrage theory: introductory lectures on arbitrage-based financial asset pricing, Berlin 1985.
408. Williamson, O. E. (1975): Markets and hierarchies, analysis and antitrust implications, New York 1975.
409. Williamson, O. E. (1981): The Economics of Organization: The Transaction Cost Approach, in: American Journal of Sociology, vol. 87, 1981, pp. 548-577.
410. Williamson, O. E. (1985): The Economic Institutions of Capitalism-Firms, Markets, Relational Contracting, New York/London 1985.
411. Winter, S. G. (2003): Understanding Dynamic Capabilities, in: Strategic Management Journal, vol. 24, 2003, pp. 991-995.
412. Winters, T. E./Murfin, D. L. (1988): Venture Capital Investing For Corporate Development Objectives, in: Journal of Business Venturing, vol. 3, pp. 207-222.
413. Wiseman, R. M./Gomez-Mejia, L. R. (1998): A Behavioural Agency Model of Managerial Risk Taking, in: Academy of Management Review, vol. 23, 1998, pp. 133-153.
414. Witt, P. (2003): Corporate Governance-Systeme im Wettbewerb, Wiesbaden 2003.
415. Witt, P./Brachtendorf, G. (2002): Gründungsfinanzierung durch Großunternehmen, in: Die Betriebswirtschaft, vol. 62, pp. 681-692.
416. Worldbank (1999): Corporate Governance - A Framework for Implementation - Overview, available at: http://www.worldbank.org/html/fpd/privatesector/cg/ docs/gcgfbooklet.pdf, call date: 02.08.2004.
417. Wright, M./Lockett, A. (2003): The Strutuce and Management of Alliances: Syndication in the Venture Capital Industry, in: Journal of Management Studies, vol. 40, 2003, pp. 2073-2102.
418. Wright, M./Robbie, K. (1998): Venture Capital And Private Equity: A Review And Synthesis, in: Journal of Business Finance and Accounting, vol. 25, 1998, pp. 521-569.
419. Wright, P./Ferris, S. P./Sarin, A./Awasti, V. (1996): Impact of Corporate Insider, Blockholder and Institutional Equity Ownership on Firm Risk Taking, in: Academy of Management Journal, vol. 29, 1996, pp. 441-463.
420. Yermack, D. (1996): Higher market valuation of companies with a small board of directors, in: Journal of Financial Economics, vol. 40, 1996, pp. 185-211.
421. Yerramilli, V. (2004): Joint control and redemption rights in venture capital contracts, ECGI Finance Working Paper No. 37/2004, available at: http://ssrn. com/abstract=481362, call date: 27.01.2006.
422. Zacharakis, A./Shepherd, D. A: (2005): A non-additive decision-aid for venture capitalists' investment decisions, in: European Journal of Operational Research, vol. 162, 2005, pp. 673-689.
423. Zahra, S. A. (1991): Predictors And Financial Outcomes Of Corporate Entrepreneurship: An Explanatory Study, in: Journal of Business Venturing, vol. 6, 1991, pp. 259-285.
424. Zahra, S. A./Neubaum, D. O./Huse, M. (2000): Entrepreneurship in Medium-Size Comapnies: Exploring the Effects of Ownership and Governance Systems, in: Journal of Management, vol. 26, 2000, pp. 947-976.
425. Zahra, S. A./Pearce/John A. II. (1989): Boards of Directors and Corporate Financial Performance: A Review and Integrative Model; In: Journal of Management, vol. 15, 1989, pp. 291-334.
426. Zemke, I. (1995): Die Unternehmensverfassung von Beteiligungskapital- Gesellschaften: Analyse des institutionellen Designs deutscher Venture Capital-Gesellschaften, Diss., Wiesbaden 1995.
427. Zider, B. (1998): How Venture Capital Works, in: Harvard Business Review, vol. 76, 1998, pp. 131-139.