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Liquidity, Technological Opportunities, and the Stage Distribution of Venture Capital Investments
This paper explores the determinants of the stage distribution of European venture capital investments from 1990 to 2011. Consistent with liquidity risk theory, we find that the likelihood of investing in earlier stages increases relative to all private equity investments during liquidity crisis yea...
Autores principales: | , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
BlackWell Publishing Ltd
2014
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4497487/ https://www.ncbi.nlm.nih.gov/pubmed/26166906 http://dx.doi.org/10.1111/fima.12048 |