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How Smart is Smart Money? An Empirical Two-Sided Matching Model of Venture Capital
16 references·16 citing·47 second hopsampled
How Smart is Smart Money? An Empirical Two-Sided Matching Model of Venture Capital (2003)How Smart is Smart Money? An Empirical Tw…Venture Capital and the Professionalization of Start‐Up Firms: Empirical Evidence (2002)Venture Capital and the Profe…The Interaction between Product Market and Financing Strategy: The Role of Venture Capital (2000)The Interaction between Produ…Financial Contracting Theory Meets the Real World: An Empirical Analysis of Venture Capital Contracts (2000)Financial Contracting Theory …Myth or Reality? The Long-Run Underperformance of Initial Public Offerings: Evidence from Venture and Nonventure Capital-Backed Companies (1997)Myth or Reality? The Long-Run…A Survey of Corporate Governance (1997)A Survey of Corporate Governa…Grandstanding in the venture capital industry (1996)Grandstanding in the venture …Venture Capitalists and the Oversight of Private Firms (1995)Venture Capitalists and the O…Optimal Investment, Monitoring, and the Staging of Venture Capital (1995)Optimal Investment, Monitorin…Automobile Prices in Market Equilibrium (1995)Automobile Prices in Market E…Venture Capitalist Certification in Initial Public Offerings (1991)Venture Capitalist Certificat…The structure and governance of venture-capital organizations (1990)The structure and governance …The role of venture capital in the creation of public companies (1990)The role of venture capital i…Initial Public Offerings and Underwriter Reputation (1990)Initial Public Offerings and …What do venture capitalists do? (1989)What do venture capitalists d…Reputation Acquisition in Debt Markets (1989)Reputation Acquisition in Deb…Job Matching, Coalition Formation, and Gross Substitutes (1982)Job Matching, Coalition Forma…Legal framework quality and success of (different types of) venture capital investments (2017)Legal framework quality and s…Estimating Matching Games with Transfers (2016)Estimating Matching Games wit…Cost of Experimentation and the Evolution of Venture Capital (2015)Cost of Experimentation and t…Is a VC Partnership Greater than the Sum of its Partners? (2013)Is a VC Partnership Greater t…Stability and Preference Alignment in Matching and Coalition Formation (2012)Stability and Preference Alig…Does VC fund diversification pay off? An empirical investigation of the effects of VC portfolio diversification on fund performance (2012)Does VC fund diversification …VC Fund Financial Performance: The Relative Importance of IPO and M&A Exits and Exercise of Abandonment Options (2011)VC Fund Financial Performance…Monitoring Managers: Does it Matter? (2011)Monitoring Managers: Does it …Investment Cycles and Startup Innovation (2011)Investment Cycles and Startup…Does venture capitalist activism improve investment performance? (2011)Does venture capitalist activ…Polishing diamonds in the rough: The sources of syndicated venture performance (2010)Polishing diamonds in the rou…Early-stage financing and firm growth in new industries (2009)Early-stage financing and fir…A spatial merger estimator with an application to school district consolidation (2009)A spatial merger estimator wi…On the Lifecycle Dynamics of Venture-Capital- and Non-Venture-Capital-Financed Firms (2008)On the Lifecycle Dynamics of …The Effect of Venture Capital on Innovation Strategies (2007)The Effect of Venture Capital…Venture Capital Investment Cycles: The Impact of Public Markets (2005)Venture Capital Investment Cy…Job Market Signaling (1973)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle (1998)A Review of IPO Activity, Pricing, and Allocations (2002)Conditional logit analysis of qualitative choice behavior (1972)Simulation and the Asymptotics of Optimization Estimators (1989)Estimating Discrete-Choice Models of Product Differentiation (1994)Discrete Choice Methods with Simulation (2001)Simulation and the Monte Carlo Method (2016)Text-Based Network Industries and Endogenous Product Differentiation (2016)Separation of Ownership and Control (1983)Outside directors and CEO turnover (1988)Insiders and Outsiders: The Choice between Informed and Arm's-Length Debt (1992)Home Bias at Home: Local Equity Preference in Domestic Portfolios (1999)Creating Something from Nothing: Resource Construction through Entrepreneurial Bricolage (2005)University entrepreneurship: a taxonomy of the literature (2007)Determinants of corporate borrowing (1977)Interorganizational Endorsements and the Performance of Entrepreneurial Ventures (1999)Theory of Rational Option Pricing (1973)INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION (1977)Underwriter Reputation, Initial Returns, and the Long‐Run Performance of IPO Stocks (1998)MEDIA LEGITIMATION EFFECTS IN THE MARKET FOR INITIAL PUBLIC OFFERINGS. (2003)Why Has IPO Underpricing Changed Over Time (2004)Theory of rational option pricing (2005)Agency Problems and the Theory of the Firm (1980)Credit Rationing in Markets with Imperfect Information (1981)The importance of relationships to the availability of credit (1998)Herding among Investment Newsletters: Theory and Evidence (1999)The Digitization of Word of Mouth: Promise and Challenges of Online Feedback Mechanisms (2003)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Auditor independence, ‘low balling’, and disclosure regulation (1981)Financial Intermediation, Loanable Funds, and The Real Sector (1997)Corporate financing and investment decisions when firms have information that investors do not have (1984)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Managerial Decisions and Long‐Term Stock Price Performance (2000)Institutional Investors and Equity Prices (2001)The Nature of the Firm (1937)Legal Determinants of External Finance (1997)Corporate Ownership Around the World (1999)Investor protection and corporate governance (2000)An Incomplete Contracts Approach to Financial Contracting (1992)Private Equity Performance: Returns, Persistence, and Capital Flows (2005)Whom You Know Matters: Venture Capital Networks and Investment Performance (2007)A review of tax research (2010)
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References

  • 1997A Survey of Corporate Governance16,237 cited
  • 1995Automobile Prices in Market Equilibrium4,939 cited
  • 1990The structure and governance of venture-capital organizations2,609 cited
  • 1990Initial Public Offerings and Underwriter Reputation2,442 cited
  • 2002Venture Capital and the Professionalization of Start‐Up Firms: Empirical Evidence2,431 cited
  • 1991Venture Capitalist Certification in Initial Public Offerings2,322 cited
  • 1995Optimal Investment, Monitoring, and the Staging of Venture Capital2,058 cited
  • 1989Reputation Acquisition in Debt Markets1,627 cited
  • 1995Venture Capitalists and the Oversight of Private Firms1,489 cited
  • 1997Myth or Reality? The Long-Run Underperformance of Initial Public Offerings: Evidence from Venture and Nonventure Capital-Backed Companies1,456 cited
  • 1989What do venture capitalists do?1,371 cited
  • 1996Grandstanding in the venture capital industry1,346 cited
  • 1982Job Matching, Coalition Formation, and Gross Substitutes1,307 cited
  • 2000The Interaction between Product Market and Financing Strategy: The Role of Venture Capital1,270 cited
  • 2000Financial Contracting Theory Meets the Real World: An Empirical Analysis of Venture Capital Contracts

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1,180 cited
  • 1990The role of venture capital in the creation of public companies1,167 cited
  • Cited by

    • 2012Stability and Preference Alignment in Matching and Coalition Formation147 cited
    • 2015Cost of Experimentation and the Evolution of Venture Capital93 cited
    • 2016Estimating Matching Games with Transfers90 cited
    • 2009A spatial merger estimator with an application to school district consolidation88 cited
    • 2010Polishing diamonds in the rough: The sources of syndicated venture performance76 cited
    • 2008On the Lifecycle Dynamics of Venture-Capital- and Non-Venture-Capital-Financed Firms73 cited
    • 2009Early-stage financing and firm growth in new industries61 cited
    • 2013Is a VC Partnership Greater than the Sum of its Partners?55 cited
    • 2005Venture Capital Investment Cycles: The Impact of Public Markets51 cited
    • 2011Investment Cycles and Startup Innovation45 cited
    • 2017Legal framework quality and success of (different types of) venture capital investments42 cited
    • 2011Does venture capitalist activism improve investment performance?42 cited
    • 2011Monitoring Managers: Does it Matter?38 cited
    • 2007The Effect of Venture Capital on Innovation Strategies37 cited
    • 2011VC Fund Financial Performance: The Relative Importance of IPO and M&A Exits and Exercise of Abandonment Options32 cited
    • 2012Does VC fund diversification pay off? An empirical investigation of the effects of VC portfolio diversification on fund performance27 cited