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: | en_US |
| Published: |
American Finance Association/Wiley
2016
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| Online Access: | http://hdl.handle.net/1721.1/101187 https://orcid.org/0000-0002-4620-4151 |