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The consequences of enterpreneurial finance : evidence from Angel Financings

Schoar, Antoinette - ; Lerner, Josh - ; Kerr, William R. - ;

This article documents the fact that ventures funded by two successful angel groups experience superior outcomes to rejected ventures: They have improved survival, exits, employment, patenting, Web traffic, and financing. We use strong discontinuities in angel- funding behavior over small changes in their collective interest levels to implement a regression discontinuity approach. We confirm the positive effects for venture operations, with qualitative support for a higher likelihood of successful exits. On the other hand, there is no difference in access to additional financing around the discontinuity. This might suggest that financing is not a central input of angel groups. .Printed Journal, baca ditempat


Ketersediaan

Call NumberLocationAvailable
TRFS2701PSB lt.dasar - Pascasarjana1
Penerbit: The Society of Financial Studies
Edisi-
SubjekInvestment banking
Venture capital
Rating agencies
Brokerage
ISBN/ISSN8939454
Klasifikasi-
Deskripsi Fisik-
Info Detail Spesifik-
Other Version/RelatedTidak tersedia versi lain
Lampiran BerkasTidak Ada Data

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