How fundamental are fundamental values? Valuation methods and their impact in the performance of German venture capitalists

Article English OPEN
Dittmann, Ingolf; Maug, Ernst; Kemper, Johannes;
(2004)

textabstractThis paper studies how the use of alternative valuation methodologies affects investment performance for a sample of 53 German venture capitalists. We measure investment performance by the amount of investments they need to write off and by the number of com... View more
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