Due to the greater financial means of VC investors and their usual intention to participate in a follow-on funding round, they can often dictate the term sheets (Van Osnabrugge2000; Leavitt2005; Hellmann et al.2021). This point is supported by Harrison and Mason (2000), who show that VCs...
Category investmentWe test the Miller (1977) prediction about IPO overvaluation in a sample of 7,212 U.S. IPOs from 1980 to 2003. According to Miller (1977), owing to the lack ofDong, MingMichel, Jean-SebastienSocial Science Electronic Publishing...
Accredited investors are a category of high-net-worth individuals and certain financial entities that meet financial or professional criteria established by a regulatory authority, such as the Securities and Exchange Commission (SEC) in the United States. Accredited investors have the privilege of access...
The success of the business is defined by the status of the company given in the dataset used for experimentation. The company status is divided into four categories: (1) Operating; (2) IPO; (3) Acquired; and (4) Closed as n in Fig.1. A company gets the status of operating during ...
In this regard, a series of reform measures after the pilot registration system in China, such as the cancellation of the five-day limit on the rise and fall of IPO new shares and the adoption of market-based IPO pricing, provide the impetus for examining post-IPO performance. Since people...
category investmentWe apply an ex ante measure of heterogeneity in investor beliefs - excess industry volatility - to test the Miller (1977) prediction about IPO overvaluation indoi:10.2139/ssrn.1092122Ming DongJean-Sebastien MichelSSRN Electronic Journal...
numeric valuation and value-added services in that personal attributes could still alter the likelihood of partnering with a certain VC, even though the entrepreneur may be hesitant about the other two categories. However, criteria in the “personal attributes” category are not as dominant as ...
Cash-Backed Call Definition - what does the term cash-backed call mean in the world of trading?--CatalystCatalyst Definition - what is meant by the term catalyst? What does catalyst mean as it applies to the stock market?--Category KillerCategory Killer Definition - what is meant by the ...
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