| Analysis of 1830 initial public offerings during 1990-1999 showed that CVC investment sends a different signal of quality than IVC investment. Our results confirm the premise that corporations, banks and independent venture capitalists play different endorsement roles in the creation of public companies, and that the value of CVC endorsements depends on key attributes of the CVC and the type of market uncertainty that dominates IPO investors’ concerns. |
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| The Erasmus - EIM - Panteia Entrepreneurship Lectures Series is co-organized by Erasmus Research Institute of Management (ERIM.nl) and EIM Business & Policy Research (EIM/Panteia), an independent and international research and consultancy organisation, specialised in SMEs and Entrepreneurship. EIM is part of the Panteia group. |
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| For more research resources, visit our joint Entrepreneurship Research Portal |
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| Contact information: |
| Luca Berchicci |
Ingrid Verheul |
| Email |
Email |
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