This paper analyzes the relationship between investors and private equity managers in
order to identify the factors that affect the latter's reputation. Since there are no individual …

Several studies have analyzed discretionary accruals to address earnings-smoothing
behaviors in the banking industry. We argue that the characteristic link between accruals and …

The aim of this paper is to identify the key factors that lie behind venture capital/private
equity fundraising in countries where there is scarce and asymmetric information about final …

This paper contributes to the literature on the effect of venture capital (VC) on the economic
development of areas in which those specialized investors are active. The work focuses on …

This paper builds on previous papers about private equity fundraising in two ways. Firstly, a
micro and macroeconomic theoretical base is developed to support the empirical model …

We analyze whether firms that receive venture capital (VC) at a later date face more financial
constraints than a one-by-one matched sample of firms that did not receive VC funding (…

The financial literature has shown that both earnings forecasts and investment recommendations
are optimistically biased. However, while the bias in earnings forecasts has decreased …

Building on the concept of Granger causality in risk in Hong et al. (2009), and focusing on an
international sample of large-capitalization banks, we test for predictability in comovements …

This paper analyses whether the positive impact that venture capital (VC) exerts on investee
firms is driven by the screening ability of their managers or by the value added role they …

Publisher Summary This chapter analyzes the role of private versus public venture capital (VC).
The study is based on a highly representative sample of investments made in Spain, …