Venture capital

The ownership and financing of innovation in R&D races

Cross-Border Venture Capital Investments: What Is the Role of Public Policy?

Cross-border venture capital (VC) investments play an important role in the scaling up of high-growth companies. However, policymakers worry that...

Board Dynamics Over the Startup Life Cycle

We explore the dynamics of venture capital (VC)-backed startup boards using novel data on director entry, exit, and characteristics. At...

Venture Capital Conflicts of Interest: Evidence from Acquisitions of Venture Backed Firms

Common Venture Capital Investors and Startup Growth

We exploit the staggered introduction of liability waivers when investors hold stakes in conflicting business opportunities as a shock to venture...

How Do Venture Capitalists Make Decisions?

We survey 889 institutional venture capitalists (VCs) at 681 rms to learn how they make decisions across eight areas: deal sourcing; investment...

Strategic Investing and Financial Contracting in Start-ups:Evidence from Corporate Venture Capital

Getting Tired of Your Friends: The Dynamics of Venture Capital Relationships

Does doing more deals together always strengthen investor relationships? Based on the relationships of the top 50 US venture capital firms, this paper...

The Corporate Design of Investments in Startups: A European Experience

This is the first European study to conduct an extensive empirical research of startup charters. Our aim is to test whether the significant reforms of the...

Conservatism and Innovation in Venture Capital Contracting

We conjecture that venture capitalists and their investors often fall prey to what is known as ?collective conservatism.? We investigate this...

Corporate Governance and Innovation - Venture Capital, Joint Ventures, and Family Businesses

Angels and Venture Capitalists: Substitutes or Complements?

Understanding an entrepreneurial finance ecosystem requires an appreciation of how different investors interact with each other. Angels and venture...