Results :: Individual ETD
Title: Assessing the venture captial legacy: an investigation of post-IPO performance and impact
Creator: Cochran, Andrew Carl
Description: While extensive literature documents the venture capital impact around the initial public offering, little is known about the enduring effects of venture financing. This paper follows the post-IPO performance of venture-backed U.S. firms in different IPO cohorts from 1970 to 2006, and measures the duration of any venture capital advantages after the IPO. Venture capital strongly correlates with higher R&D and market-to-book ratios ("q"), and venture-backed firms grow faster and perform better particularly in high-tech industries. This apparent advantage for venture-backed firms remains for years following the IPO.
Location: http://etd.lib.montana.edu/etd/2009/cochran/CochranA0509.pdf
Document Type: Masters
Contributor: Brown, James R. (committee chairperson)
Committee Members: Robert K. Fleck, George Haynes
Department: Agricultural Economics and Economics
Program: Applied Economics
Publisher: Montana State University
Date Created: 2009-05-15
Access Rights: Accessible under copyright for educational purposes.