Working Paper
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...
Read moreBoard 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...
Read moreCommon 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...
Read moreHow 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...
Read moreGetting 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...
Read moreThe 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...
Read moreConservatism 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...
Read moreAngels 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...
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