How Smart is Smart Money? A Two-Sided Matching Model of Venture Capital

By Morten Sørensen. 2007

1,016 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/4d42a132ef98751acd974ac1ca8843a43dbb4089

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

In Economics and Econometrics

Citations in the corpus

Performance persistence in entrepreneurship (2010, neutral): “As has been shown by Sorensen (2007), Kaplan and Schoar (2005), Gompers, Kovner, Lerner, and Scharfstein (2008), and Hochberg, Ljungqvist, and Lu (2007), companies that are funded by more experienced (top-tier) venture capital firms are more likely to succeed.”
Founder Replacement and Startup Performance (2018, neutral): “…mechanism is underscored by Chemmanur, Krishnan and Nancy (2011), who suggest that TFP gains for VC-backed startups are largely coincident 1See Hellmann and Puri (2002), Sorensen (2007), Hsu (2006), Bottazzi, Da Rin and Hellmann (2008) and Chemmanur, Krishnan and Nancy (2011) with increased sales.”
Government, Venture Capital and the Growth of European High-Tech Entrepreneurial Firms (2014, neutral): “…works in the field found significant variations in terms of the reputation capital (Lerner, 1994a; Gompers, 1996; Hsu, 2004; Hochberg et al., 2007; Sorensen, 2007; Nahata, 2008), fund size (Kaplan and Schoar, 2005; Cumming, 2008; Cumming and Dai, 2011) and limited attention of the investors…”
Institutional investors and post-ICO performance: an empirical analysis of investor returns in initial coin offerings (ICOs) (2020, neutral): “⁎⁎⁎ p < .01. document the importance of selection and treatment effects in the ICO context, which is in line with prior research in more traditional funding settings (e.g., Chemmanur et al., 2011; Guo and Jiang, 2013; Sørensen, 2007).”
Do Cultural Differences Between Contracting Parties Matter? Evidence from Syndicated Bank Loans (2012, neutral): “Similarly to Sorensen (2007) and Bottazzi, Da Rin and Hellman (2008), our identifying assumption is that the characteristics of the other investors in the market should not be directly related to the cost of funding, after controlling for the aggregate supply of credit.”
Ethnic matching in the U.S. venture capital market (2015, neutral): “Thus, the success of an entrepreneurial company hinges critically on the capabilities of its founders and partners (Hsu, 2007; Sørensen, 2007).”
Do private equity owners increase risk of financial distress and bankruptcy (2012, background): “Sorensen (2007) suggests that more experienced investors make more successful investments in terms of investing in better companies which are more likely to go public.”
Which Problems to Solve? Online Knowledge Sharing and Attention Allocation in Organizations (2014, background): “More recently, it has been extended to an array of matches in interorganizational contexts, including between venture capitalists and startups (Sorensen, 2007), potential alliance partners (Mitsuhashi & Greve, 2009), entrepreneurs and potentially valuable contacts 15 This second selection model incl”
Venture Capital Reputation, Post-IPO Performance and Corporate Governance (2009, background): “Teoh, Welch, and Wong (1998) report that the well-documented poor post-IPO long-run stock performance of IPOs is associated with earnings reversals following window-dressing of pre-IPO earnings figures.”