The Value Relevance of Financial Statements in the Venture Capital Market

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The Valuation of Biotech IPOs (2005, unknown): “1 Hand (2004) examines a related issue—the value relevance of financial and non-financial variables in the venture capital market and post-IPO public equity market, excluding the IPO stages which we analyze.”
A Cross-Disciplinary Exploration of Entrepreneurship Research (2007, background): “The first stream concerns a firm’s information disclosure to existing or potential owners and other stakeholders (Guo, Lev, & Zhou, 2004; Hand, 2005; Hughes & Pae, 2004; Titman & Trueman, 1986), usually in the context of IPOs.”
Earnings Quality and Ownership Structure: The Role of Private Equity Sponsors (2009, unknown): “In contrast, VC managers are often successful start-up entrepreneurs or possess specialized technology expertise (Fraser-Sampson 2007; Hand 2005; Klein and Zur 2007; Sahlman 1990; Wright and Robbie 1998).”
Private equity returns and disclosure around the world (2010, unknown): “We do not feel comfortable with dropping these variables, because they have been used in other studies to explain the performance of PE-backed IPOs and the ensuing returns to PEs (Barry, Muscarella, Peavy, & Vetsuypens, 1990; Gompers & Lerner, 1999; Hand, 2005; Megginson & Weiss, 1991).”