Venture Capital: Fund Certification, Performance Prediction and Learnings from the Past (Paperback) (ISBN-13: 9783631618349)

This book contains three studies. The first study investigates the relationship between private equity investors and fund managers and how intermediaries can mitigate their agency problems. The incentive structure of three intermediary types and their behavior in signaling fund qualities to investors are studied theoretically. A recommendation which intermediary to consult is given. The second study presents a new statistical method to predict the performance distribution of venture capital direct investments. The accuracy of this method is investigated and compared to existing approaches. The third study is about the European venture capital market's historic development before and after the internet bubble and reasons for the bad development especially after the bubble.

Author: Armin Höll-Steiner
ISBN-10: 3631618344
ISBN-13: 9783631618349
Publisher: Peter Lang Gmbh, Internationaler Verlag Der W
Language: English
Published: 04/15/2011
Pages: 243
Format: Paperback