Who are the active investors? Evidence from Venture Capital

Bottazzi, Laura ; Da Rin, Marco ; Hellmann, Thomas (2007) Who are the active investors? Evidence from Venture Capital. Bologna: Dipartimento di Scienze economiche DSE, p. 48. DOI 10.6092/unibo/amsacta/4641. In: Quaderni - Working Paper DSE (611). ISSN 2282-6483.
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Abstract

are the active investors? Evidence from Venture Capital Abstract: This paper examines the determinants and consequences of investor activism in venture capital. Using a hand-collected sample of European venture capital deals, it shows the importance of human capital. Venture capital firms with partners that have prior business experience are more active recruiting managers and directors, helping with fundraising, and interacting more frequently with their portfolio companies. Independent venture capital firms are also more active than ’captive’ (bank-, corporate-, or government-owned) firms. After controlling for endogeneity, investor activism is shown to be positively related to the success of portfolio companies.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Bottazzi, Laura
Da Rin, Marco
Hellmann, Thomas
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ISSN
2282-6483
DOI
Deposit date
24 Feb 2016 16:24
Last modified
24 Feb 2016 16:24
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