Liquidity, Technological Opportunities, and the Stage Distribution of Venture Capital Investments [0.03%]
流动性、技术机会和风险投资的阶段分布
Henry Lahr,Andrea Mina
Henry Lahr
This paper explores the determinants of the stage distribution of European venture capital investments from 1990 to 2011. Consistent with liquidity risk theory, we find that the likelihood of investing in earlier stages increases relative t...