4.Useful papers in venture capital and innovation research (Under construction)

Survey

Gompers, P., Lerner, J., 2001. The venture capital revolution. Journal of Economic Perspectives 15, 145-168.

Kaplan, S., Lerner, J., 2010. It ain’t broke: the past, present, and future of venture capital. Journal of Applied Corporate Finance 22, 36-47.

Theory

de Bettignies, J. E., 2008. Financing the entrepreneurial venture. Management Science 54, 151-166.

Casamatta, C., 2003. Financing and advising: optimal financial contracts with venture capitalists. Journal of Finance 58, 2059-86.

Broughman, B.,2008. Independent directors and board control in venture finance. American Law and Economics Association Papers 41, 1-24.

Determinants of venture capital investments and innovation

Jeng, L., Wells, P., 2000. The determinants of venture capital funding: evidence across countries. Journal of Corporate Finance 6, 241-289.

Hazarika, S., Nahata, R., Tandon, K., 2009. Success in global venture capital investing: do institutional and cultural differences matter? Unpublished working paper.

Baum, J., Silverman, B., 2004., Picking winners or building them? Alliances, patents, and human capital as selection criteria in venture financing of biotechnology startups. Journal of Business Venturing 19, 411-436.

Acharya, V. , Subramanian, K., 2009. Bankruptcy codes and innovation. Review of Financial Studies 22, 4949-4988.

Effects of venture capital

Hochberg, Y., 2011. Venture capital and corporate governance in the newly public firm. Review of Finance, forthcoming.

Chemmanur, T., Krishnan, K., Nandy, D., 2011. How does venture capital financing Improve efficiency in private firms? A look beneath the surface. Review of Financial Studies, forthcoming.

Bottazzi, L., Da Rin, M., Hellmann, T., 2008. Who are the active investors? Evidence from venture capital. Journal of Financial Economics 89, 488-512.

Chemmanur, T., Loutskina, E., Tian, X., 2011. Corporate venture capital, value creation, and innovation. Unpublished working paper.

Cumming, D., Fleming, G., Suchard J., 2005. Venture capitalist value-added activities, fundraising and drawdowns. Journal of Banking and Finance 29, 295-331.

Bottazzi, L., Da Rin, M., 2002. Venture capital in Europe and the financing of innovative companies. Economic Policy 34, 229.269.

Chemmanur, T., Hull, T., Krishnan, K., 2010. Do local and international venture capitalists play well together? A study of international venture capital investments. Unpublished working paper.

Davila, A., Foster, G., Gupta, M., 2003. Venture capital financing and the growth of start-up firms. Journal of Business Venturing 18, 689-708.

Fitza, M., Matusik, S., Mosakowski, E., 2009. Do VCs matter? The importance of owners on performance variance in start-up firms. Strategic Management Journal 30, 387-404.

VC and IPO

Barry, C., Muscarella, C., Peavy, J., Vetsuypens, M., 1990. The role of venture capital in the creation of public companies: evidence from the going public process. Journal of Financial Economics 27, 447-71.

Gompers, P., 1996. Grandstanding in the venture capital industry. Journal of Financial Economics 42, 133-156.

Brav, A., Gompers, P., 1997. Myth or reality? The long-run underperformance of initial public offerings: evidence from venture- and non-venture-capital-backed companies. Journal of Finance 52, 1791-1821.

Incentives to Innovate

Manso, G., 2011. Motivating Innovation. Journal of Finance 66, 1823-1869.

Manso, G. , Ferreira, D., Silva, A.  Incentives to Innovate and the Decision to Go Public or Private. Review of Financial Studies (forthcoming) 

Atanassov, J., 2012. Do hostile takeovers stifle innovation? Evidence from antitakeover legislation  and corporate patenting. Journal of Finance, forthcoming.

Chemmanur, T., Tian, X. , 2012. Do anti-takeover provisions spur corporate innovation? Working paper.

Tian, X., Wang, T. Tolerance for failure and corporate innovation.  Review of Financial Studies, forthcoming.






 


 


 


 


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