Venture Capital and the Professionalization of Start-Up Firms: Empirical Evidence

By Thomas F. Hellmann, Manju Puri. 2002

2,271 citations recorded by the source corpus.

Subfields: Accounting, Management of Technology and Innovation

View Paper: https://www.semanticscholar.org/paper/a66007c722c3266a07417c13ba7992937779652a

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Citations in the corpus

How Smart is Smart Money? An Empirical Two-Sided Matching Model of Venture Capital (2003, background): “VC backed companies bring products to the market faster (Hellmann and Puri (2000)), hire key employees faster and replace their management more frequently (Hellmann and Puri (2002)).”
Do VCs matter? the importance of owners on performance variance in start‐up firms (2009, background): “Another important role the VC plays that is similar to a corporate owner is controlling and disciplining management (Admati and Pfleiderer, 1994; Busenitz et al., 2003; Hellmann and Puri, 2002; Kaplan and Strömberg, 2001, 2002, 2003; Lerner, 1995).”
Venture Capital Financing and the Growth of High-Tech Start-Ups: Disentangling Treatment from Selection Effects (2011, background): “Previous studies show that VCbacked firms are more likely than other firms to go through an IPO (e.g. Chang, 2004) and to recruit professional managers (Hellmann and Puri, 2002).”
The Importance of Trust for Investment: Evidence from Venture Capital (2016, background): “After investing, they work closely together (Hellmann and Puri (2002)).”
The Determinants of Entrepreneurial Intention of Young Researchers: Combining the Theory of Planned Behavior with the Triple Helix Model (2019, background): “Studies have shown the positive impact of venture capital on the growth of R&D investments and the number of patents (Kortum and Lerner ), professionalization of start-ups (Hellmann and Puri 2002), and access to resources and competencies (Baum and Silverman 2004).”
Venture Capitalists, Business Angels, and Performance of Entrepreneurial IPOs in the UK and France (2007, positive): “VCs also play a role in CEO turnover (Hellmann and Puri, 2002), and founders are less likely to remain CEOs in IPOs with more reputable VCs (Baker and Gompers, 2003).”
Financing technology-based small firms in Europe: what do we know? (2012, background): “11 Active venture capitalists provide assistance in strategic decision-making and allow access to a wider network of business contacts (Hellmann and Puri 2002).”
Venture Capitalists and Cooperative Start-up Commercialization Strategy (2004, methodology): “In the context of the SBIR program, Lerner (1999) provides empirical evidence that SBIR firms performed better commercially than matched VC-backed firms if the SBIR organization was located in a zip code that had high levels of early-stage VC activity, and interprets the evidence as suggestive that…”
Investment practices and outcomesof informal venture investors (2005, neutral): “VC practice and the structure of the VC industry itself ( Hellman & Puri, 2002; Lerner, 1995; Sapienza”
The Impact of Uncertain Intellectual Property Rights on the Market for Ideas: Evidence from Patent Grant Delays (2008, background): “7 In focusing on commercialization dynamics, we join a growing literature on the timing of strategic commercialization choices, including time-to-market (Hellmann and Puri, 2002; Dechaneaux et al., 2003).”
Government, Venture Capital and the Growth of European High-Tech Entrepreneurial Firms (2014, background): “Second, VCs 'add value' to portfolio companies through the provision of both managerial skills and competencies (Hellmann and Puri, 2002) and the monitoring activity of their managerial conducts and results (Lerner, 1995).”
Organization and Financing of Innovation, and the Choice between Corporate and Independent Venture Capital (2009, background): “…strand of research highlights the role of venture capitalists (VCs) not only as providers of capital but also as providers of specialized human capital, advice, and monitoring (see Hellmann and Puri (2002), Gompers and Lerner (2000), Chemmanur and Chen (2006), and Casamatta (2003), among others).”
Determinants of Venture Capital Performance: Europe and the United States (2006, neutral): “[32] Hellmann, T.”