Institutional affiliation and the role of venture capital: Evidence from initial public offerings in Japan

By Yasushi Hamao, Frank Packer, Jay R. Ritter. 2000

258 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/de3528b99ac61b3163f2f108d95b0c354e1e129d

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Citations in the corpus

Effects of venture capitalists¿ participation in listed companies (2003, background): “Hamao et al. (2000) report a similar conflict of interests in a study on VC-backed IPOs in the Japanese market.”
Information content of IPO grading (2010, unknown): “Grinblatt and Hwang (1989) , Welch (1989), and Chemmanur (1993) suggest that”
A review of IPO research in Asia: What's next? (2007, background): “Hamao et al. (2000) find that Japanese IPOs in which the lead venture capitalist is also the lead underwriter have higher first-day returns than other venture capital-backed IPOs.”
Financing technology-based small firms in Europe: what do we know? (2012, background): “The IPO‟s investors anticipate this conflict of interest and, in order to compensate, they ask for more under-pricing (Hamao et al. 2000).”
Visibility Versus Complexity In Business Groups: Evidence From Japanese Keiretsu (2000, unknown): “16 Hamao, Packer, and Ritter (1998) examine over the counter (OTC) IPOs.”
Negotiation and the IPO Offer Price: A Comparison of Integer vs. Non-Integer IPOs (2004, unknown): “Since IPOs with positive revisions are more underpriced than those with negative revisions [Hanley (1993)], the higher amount of underpricing for integer IPOs may be at least partially explained by their higher price revision.”
Venture Capital and Other Private Equity: A Survey (2011, unknown): “However, Phalippou (2010) argues that the performance persistence of VC funds as reported in Kaplan and Schoar (2005) is mainly driven by unsophisticated investors; VC funds that are expected to be backed by skilled investors do not exhibit performance persistence and a significant flow-performance ”
Venture Capital and IPO Lockup Expiration: An Empirical Analysis (2001, unknown): “Many IPOs feature venture capital (VC) financing, and several studies, including Barry, Muscarella, Peavy, and Vetsuypens (1990), Brav and Gompers (1999), Hamao, Packer, and Ritter (1999), and Megginson and Weiss (1991) have suggested possible differences between VC-backed and non-VC-backed firms.”
Differences between European and American IPO Markets (2003, background): “from Hamao et al. (2000) for 1989–1995 OTC firms, and from Kaneko and Pettway (2003) for 1996–2001.”