Venture Capital and Career Concerns
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DOI: 10.1016/j.jcorpfin.2017.12.004
Abstract: This paper finds evidence that the market for follow-on capital discourages risk taking by venture capital fund managers. The amount of follow-on capital raised by venture capitalists is concave with respect to current fund performance.… read more here.
Keywords: venture capital; capital; venture; career concerns ... See more keywords