The Impact of Venture Capital Monitoring
We show that venture capitalists' (VCs) on-site involvement with their portfolio companies leads to an increase in both innovation and the likelihood of a successful exit. We rule out selection effects by exploiting an exogenous source of variation in VC involvement: the introduction of new air...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
American Finance Association/Wiley,
2016-02-16T14:13:48Z.
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| Subjects: | |
| Online Access: | Get fulltext |