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Showing result 1 - 5 of 12 essays matching the above criteria.

1. 1. Heterogeneity as a Performance Driver: An Empirical Analysis of Syndicated Buyouts in the Nordics

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Nils Keller; Marvin Paul Pflug; [2022]
   Keywords : Private Equity; Buyouts; Syndication; Heterogeneity; Performance Measurement;

   Abstract : This study examines the impact of heterogeneity among private equity syndicate members on the investment performance. It draws on a unique and hand-collected set of data on 125 syndicated buyouts in the Nordics exited between 1998 and 2021. We find that the effect of heterogeneity on deal-level returns is not one-sided. READ MORE

3. 2. Mixed Venture Capital Syndicates: How Independent Venture Capital Firms Evaluate Corporate Venture Capital Arms as Syndication Partners

   University essay from Göteborgs universitet/Graduate School

   Author : Sebastian Misurák; Philip Steen; [2018-07-06]
   Keywords : Venture Capital; Corporate Venture Capital; Independent Venture Capital; Syndicate; Predictability; Value-added Capabilities; Agency Theory; Resource-Based View;

   Abstract : Background and Problem Formulation: Since 2012 there has been a steady increase of corporate venture capital (CVC) activity in The Silicon Valley. In 2017 more than 20 % of the total venture capital investment was made by corporate actors. READ MORE

4. 3. Underwriting Syndicate Structure and the Bookbuilding Pricing Mechanism: Evidence from IPOs in France, Germany, Italy, and the UK

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Pavels Osipovs; [2018]
   Keywords : Initial public offering; Underwriting syndicate; Bookbuilding; Information production; Bargaining power;

   Abstract : In this thesis, I study the impact of underwriting syndicate structure on the bookbuilding pricing mechanism based on a sample of 1,013 IPOs in France, Germany, Italy, and the UK between 1995 and 2010. More specifically, I examine whether the numbers of bookrunners and co-managers in underwriting syndicates are positively related to both the capability of bookbuilding to produce information about investor demand and the bargaining power of issuers to negotiate on higher filing price revisions. READ MORE

5. 4. Venture capital and the hazard of exit: The role of corporate funds

   University essay from Göteborgs universitet/Graduate School

   Author : Joel Johansson; Tor Fardell; [2017-07-25]
   Keywords : Venture Capital; Corporate Venture Capital; Survival Analysis; Fine and Gray s Proportional Subhazard Model; Exit; IPO; M A;

   Abstract : We study how corporate venture capital investments affect the hazard of exit outcomes in start-up companies. The presence of corporate venture capital in a syndicate of venture capitalists raises the likelihood of exit. However, these exits are most likely to be IPOs. READ MORE

6. 5. The choice to syndicate and its effect on exit dynamics : A study on Venture Capital firms active in Sweden

   University essay from KTH/Industriell ekonomi och organisation (Inst.)

   Author : Marika Eskilsson; Johanna Conradson; [2016]
   Keywords : Venture Capital; Syndication; Exit dynamics; Survival Analysis; Competing Risk model;

   Abstract : Venture capitalists enter into an investment with the intent of realising a substantial profit on theventure after a number of years; this realisation is usually labelled the exit. The disinvestment decisionis a critical issue in the venture capital industry, as the return of the investment is realised upon exit. READ MORE