Risk and Return Characteristics of Venture Capital-Backed Entrepreneurial Companies

By Arthur Korteweg, M. Sørensen. 2010

211 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/6eb470f375015c64956ca7bb871a657776035b7f

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Citations in the corpus

With a Little Help from My (Random) Friends: Success and Failure in Post-Business School Entrepreneurship (2013, unknown): “…on the expected returns of investors in initial public offerings (Ritter 1991; Brav and Gompers 1997), venture capital (VC) and private equity funds (Kaplan and Schoar 2005; Phalippou and Gottschalg 2009; Korteweg and Sorensen 2010), and angel investors (Kerr, Lerner, and Schoar forthcoming).”
Does it Pay to Invest in Art? A Selection-Corrected Returns Perspective (2013, methodology): “…and used for other illiquid asset classes, such as 11 municipal bonds (Wilkoff, 2013), venture capital (e.g., Peng, 2001, Woodward and Hall, 2003, Korteweg and Sorensen, 2010), as well as art (e.g., Baumol, 1986, Buelens and Ginsburgh, 1993, Goetzmann, 1993, 1996, Mei and Moses, 2002, Zanola,…”
Private Equity Performance and Liquidity Risk (2012, unknown): “This cross-sectional approach for non-traded assets is essentially the same as in Cochrane (2005), Korteweg and Sorensen (2010) and Driessen, Lin, and Phalippou (2011).”
Risk-Adjusting the Returns to Venture Capital (2015, unknown): “The magnitudes of the GPME estimates are big, but they are roughly consistent with the arithmetic alphas that Cochrane (2005) (32% annualized) and Korteweg and Sorensen (2010) (3.5% monthly) obtain by combining a log-normal model with a selection model for endogenous funding and exit events.”
Borrow Cheap, Buy High? The Determinants of Leverage and Pricing in Buyouts (2012, unknown): “See Cochrane (2005), Driessen et al (2008), and Korteweg and Sorensen (2010) for a discussion of the issues involved.”
Skill and Luck in Private Equity Performance (2017, unknown): “5Other papers that use IRR to measure PE performance include Ljungqvist and Richardson (2003), Kaplan and Schoar (2005), Lerner, Schoar, and Wongsunwai (2007), Ljungqvist, Richardson, and Wolfenzon (2008), Kaplan and Stromberg (2009), Chung (2012), Franzoni, Nowak, and Phalippou (2012), Higson and S”
Local Overweighting and Underperformance: Evidence from Limited Partner Private Equity Investments (2013, background): “Notable papers include Jones and Rhodes-Kropf (2003), Ljungqvist and Richardson (2003), Cochrane (2005), Korteweg and Sorensen (2010), Quigley and Woodward (2003), Gottschalg and Phalippou (2009), and Hochberg, Ljungqvist and Vissing-Jorgensen (2010).”
Interim Fund Performance and Fundraising in Private Equity (2017, unknown): “For example, NAVs of venture firms are often marked up significantly around the time of subsequent capital injections (Cochrane (2005), Korteweg and Sorensen (2010)).1 Prospective investors in the follow-on fund must thus evaluate the current fund’s interim performance in the presence of…”
Estimating Private Equity Returns from Limited Partner Cash Flows (2014, methodology): “The procedure uses a similar identification strategy to that of Cochrane (2005), Korteweg and Sorensen (2010), Driessen, Lin, and Phalippou (2012), Franzoni, Nowak, and Phalippou (2012), and Korteweg and Nagel (2013).”