Characteristics, Contracts and Actions: Evidence from Venture Capitalist Analyses

By Steven N. Kaplan, Per Strömberg. 2004

1,103 citations recorded by the source corpus.

Subfields: Accounting, Management Science and Operations Research

View Paper: https://www.semanticscholar.org/paper/fed83c9fba997985754b7823b779f60473dac6ec

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Citations in the corpus

The Positive Effects of Biased Self-Perceptions in Firms (2007, neutral): “Langer and Roth (1975), and Taylor and Brown (1988) show that people tend to overestimate their own skills, and Larwood and Whittaker (1977) show that business managers have the same bias.”
On the Lifecycle Dynamics of Venture-Capital- and Non-Venture-Capital-Financed Firms (2012, neutral): “, Lerner (1995) and Barry et al.”
Venture Capital and Other Private Equity: A Survey (2011, neutral): “For prevalence of various contract features in real-world contracts, see, e.g., Sahlman (1990), Kaplan and Stromberg (2003, 2004), and Dow Jones Venture Capital Deal Terms Report (6th Edition, 2009).”
Beyond hubris: How highly confident entrepreneurs rebound to venture again☆ (2010, background): “The value of positive emotions.”
The diminishing signaling value of patents between early rounds of venture capital financing (2014, background): “venture capital and to influence the chances a firm receives second round investment (Kaplan and Strömberg, 2004; Lerner, 1999; MacMillan et al., 1986).”
Entrepreneurial Team Cognition: A Review (2015, neutral): “However, 40% of new ventures fail within the first year (Dimov and De Clercq 2006; Timmons 1990), and more than 60% of these failures are ascribed to problems with the entrepreneurial team (Eisenhardt 2013; Gorman and Sahlman 1989; Kaplan and Strömberg 2004).”
Who are the active investors? Evidence from venture capital (2008, background): “[51] Kaplan, Steven, and Per Strömberg (2004) ’Characteristics, Contracts and Actions: Evidence from Venture Capitalists Analysis,’ Journal of Finance, 59 (5), 2177—2210.”
Founder's human capital, external investment, and the survival of new high-technology ventures (2010, background): “Some researchers have found that managerial and leadership experience is an important criterion for VC decision-making (MacMillan et al., 1987; Kaplan and Strömberg, 2004; Zacharakis and Shepherd, 2005).”
Financing technology-based small firms in Europe: what do we know? (2012, background): “5 According to some works, firms with higher R&D intensity, more patents, lower share of tangible assets and a larger share of qualified employees report more problems in accessing external finance (Westhead and Storey 1997 and Freel 2007 on the UK; Giudici and 3 See also the model in Fazzari, Hubba”
Does acquiring venture capital pay off for the funded firms? A meta-analysis on the relationship between venture capital investment and funded firm financial performance (2013, background): “Post-investment funded firms can benefit from the provision of financial resources as well as value-added functions such as managerial resources and access to the VC's social capital (e.g., Hellmann and Puri, 2002; Kaplan and Strömberg, 2004; MacMillan et al., 1989; Sapienza, 1992).”