Venture Capital

Mike Wright and Ken Robbie, The Centre for Management Buy-out Research, University of Nottingham, UK.

Contents: Part 1 Institutional Framework: The structure and governance of venture-capital organizations, William A. Sahlman; Evolution and change: an analysis of the 1st decade of the UK venture capital industry, Gordon C. Murray; Calls on high technology: Japanese exploration of venture capital investments in the United States, Dileep Hurry, Adam T. Miller and E.H Bowman. Part 2 The Venture Capital Process: Screening, Valuation and Contracting: A model of venture capitalist investment activity, Tyzoon T. Tyebjee and Albert V. Bruno; Criteria distinguishing successful from unsuccessful ventures in the venture screening process, Ian C. MacMillan, Lauriann Zemann and P.N. Subbanarasimha; Entrepreneurial ability, venture investments and risk sharing, Raphael Amit, Lawrence Glosten and Eitan Muller; The effects of venture capitalists' characteristics on the structure of the venture capital deal, Edgar Norton and Bernard H. Tenenbaum; Venture capitalists and unquoted equity investment appraisal and the role of accounting information, Mike Wright and Ken Robbie; Robust financial contracting and the role of venture capitalists, Anat R. Admati and Paul Pfleiderer; The syndication of venture capital investments, Joshua Lerner; Risk avoidance strategies in venture capital markets, James C. Fiet. Part 3 Venture Capital Monitoring: Venture capitalists' involvement in their investments: extent and performance, Ian C. MacMillan, David M. Kulow and Roubina Khoylian; Venture capitalists and the oversight of private firms, Josh Lerner; Optimal investment, monitoring, and the staging of venture capital, Paul A. Gompers; UK venture capital funds and the funding of new technology based businesses: processes and relationships, R.C. Sweeting; Post investment demand for accounting information by venture capitalists, Falconer Mitchell, Gavin C. Reid and Nicholas G. Terry; The 'living dead' phenomenon in venture capital investments, John C. Ruhnka, Howard D. Feldman and Thomas J. Dean. Part 4 Investment Realization and Performance: Venture capitalist certification in initial public offerings, William L. Megginson and Kathleen A. Weiss; Venture capitalist participation and the post-issue operating performance of IPO firms, Bharat A. Jain and Omesh Kini; The 2nd equity gap: exit problems for seed and early stage venture capitalists and their investee companies, Gordon Murray; Harvesting and the longevity of management buy-outs and buy-ins: a 4 country study, Mike Wright, Ken Robbie, Yves Romanet, Steve Thompson, Robert Joachimsson, Johan Bruining and Artur Herst;Early rates of return of 131 venture capital funds started 1978-1984, William Bygrave, Norman Fast, Roubina Khoylian, Linda Vincent and William Yue. Part 5 Alternative Sources of Venture Capital: Informal Venture Capitalists, Corporate Venture Capital and Relationship Banking: Angels: personal investors in the venture capital market, John Freear, Jeffrey E. Sohl and William E. Wetzel; After the cash arrives: a comparative study of venture capital and private investor involvement in entrepreneurial firms, Sanford Erlich, Alex F. De Noble, Tracy Moore and Richard R. Weaver; Corporate venture capital: strategies for success, Hollister B. Sykes.