Venture Capital Exits in Canada and the United States

By Jeffrey G. Macintosh, Douglas J. Cumming. 2003

217 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/5ca491363c88acc99575cd160b4bb5d47ae6d4f7

Citations in the corpus

• Determinants of Venture Capital Performance: Europe and the United States (2006, unknown): “In accordance with the literature (see, e.g., Black and Gilson (1998), Schwienbacher (2002b) and Cumming and MacIntosh (2000)), it is reasonable to assume that IPO is a stronger signal of success than a trade sale.”
• Information asymmetries, agency costs and venture capital exit outcomes (2008, unknown): “The poor performance of Canadian VCs in achieving IPO exits is most likely attributable to the dominant presence of labour-sponsored venture capital corporations (‘LSVCCs’) in Canada.12 Buybacks have been the most frequently used type of exit in 2004, followed by acquisitions, and then an equal numb”
• Innovation And Venture Capital Exits (2004, unknown): “2 Many authors indicate that exit through an IPO has been limited to the most innovative and promising ventures (Gompers, 1995; Cochrane, 2005; Darby and Zucker, 2002; Cumming and Macintosh, 2003). According to Gompers (1995), the annual return of venture capital in the US is 60% when exit occurs th”
• Contracts and Exits in Venture Capital Finance (2008, unknown): “Published research by MacIntosh (1997) and Cumming and MacIntosh (2002) indicates selection effects associated with a more complete set of exit vehicles (IPOs, acquisitions, secondary sales, buybacks, and write-offs, as well as the extent of exit (full or partial).”