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41 p, 423.2 KB Investment, duration, and exit strategies for corporate and independent venture capital-backed start-ups / Guo, Bing (Universidad Carlos III de Madrid) ; Lou, Yun (HEC Paris) ; Pérez-Castrillo, David (Universitat Autònoma de Barcelona)
We propose a model of investment, duration, and exit strategies for start-ups backed by venture capital (VC) funds that accounts for the high level of uncertainty, the asymmetry of information between insiders and outsiders, and the discount rate. [...]
2015 - 10.1111/jems.12097
Journal of economics & management strategy, Vol. 24 Núm. 2 (2015) , p. 415-455  

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