The Effect of Capital Market Characteristics on the Value of Start-Up Firms

By Roman Inderst, Holger M. Müller. 2004

252 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/c5182010d24d47eae5cefaa37a6dd985c7426d8a

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Citations in the corpus

The Investment Behavior of Private Equity Fund Managers (2003, unknown): “Note that this is also a direct result of equilibrium in the Inderst and Mueller (2003) model.”
Was There Too Little Entry During the Dot Com Era (2007, background): “…were driven by over-optimism and event-driven irrationality (Bitmead , Durand, and Ng 2004; Cooper, Dimitrov, and Rau 2001; Lamont and Thaler 2003; specific way in which the market overreacted to the technological opportunity associated with the internet, as suggested by Inderst and Muller (2004).”
Venture Capital and Other Private Equity: A Survey (2011, unknown): “(Inderst and Muller 2004) build an equilibrium model in which capital-market characteristics affect the relative supply and demand for VC capital, which in turn affects bargaining between entrepreneurs and VCs, which in turn affects the valuation and relative ownership shares of VCs and entrepreneur”
Taxation of a Venture Capitalist with a Portfolio of Firms (2004, unknown): “This is a restatement of the ‘Pareto-frontier’ as in Inderst and Müller (2003). With profit sharing fixed this way, any desirable sharing of the joint surplus is then achieved by a non-distortive transfer Qi 1 þ ð ÞI from the VC to the entrepreneur. 14 Kanniainen and Keuschnigg (2001b) go one step f”
A Review and Road Map of Entrepreneurial Equity Financing Research: Venture Capital, Corporate Venture Capital, Angel Investment, Crowdfunding, and Accelerators (2017, background): “VC investment decisions are shaped by where others are investing (Hochberg, Ljungqvist, & Lu, 2010; Inderst & Müller, 2004; Nanda & Rhodes-Kropf, 2013; Sørenson & Stuart, 2008), as well as the presence of government funding, though in ways that vary by country (e.g., Guerini & Quas, 2016; Munari &…”
Who are the active investors? Evidence from venture capital (2008, background): “[49] Inderst, Roman, and Holger Müller (2004) ’The Effects of Capital Market Characteristics on the Value of Start-up Firms,’ Journal of Financial Economics , 72 (2), 319—56.”