publication . Thesis

Private Equity and Venture Capital Investors' Involvement in Firms Post Initial Public Offering

Matanova, N.;
Open Access English
  • Country: United Kingdom
Abstract
The capital provided by private equity (PE) and venture capital (VC) investors represents an alternative type of financing available to firms in comparison to more traditional financial intermediaries such as banks, equity from owners or angel investors. These financial sponsors not only provide funding, but also complete intense restructuring, improve corporate governance, align interest of managers and shareholders, provide certification and improve performance (Jensen 1986, 1989; Baker and Wruck, 1989; Baker and Gompers, 2003; Hochberg, 2012; Acharya et al, 2009). These investors are likely to realize their highest returns by bringing their sponsored firms to...
Subjects
free text keywords: HG
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