A Survey of Venture Capital Research

TILEC Discussion Paper No. 2011-044

CentER Discussion Paper Series No. 2011-111

136 Pages Posted: 13 Oct 2011

See all articles by Marco Da Rin

Marco Da Rin

Tilburg University, Department of Finance; Tilburg Law and Economics Center (TILEC); European Corporate Governance Institute (ECGI)

Thomas F. Hellmann

University of Oxford - Said Business School; University of Oxford - Said Business School; European Corporate Governance Initiative

Manju Puri

Duke University - Fuqua School of Business; NBER

Multiple version iconThere are 2 versions of this paper

Date Written: October 12, 2011

Abstract

This survey reviews the growing body of academic work on venture capital. It lays out the major data sources used. It examines the work on venture capital investments in companies, looking at issues of selection, contracting, post-investment services and exits. The survey considers recent work on organizational structures of venture capital firms, and the relationship between general and limited partners. It discusses the work on the returns to venture capital investments. It also examines public policies, and the role of venture capital in the economy at large.

Keywords: Venture capital, private equity, alternative assets, IPOs, acquisitions, corporate venture capital, public policy, limited partners, institutional investors, syndication, innovation, venture capital returns

JEL Classification: G24, G21, G23

Suggested Citation

Da Rin, Marco and Hellmann, Thomas F. and Puri, Manju, A Survey of Venture Capital Research (October 12, 2011). TILEC Discussion Paper No. 2011-044, CentER Discussion Paper Series No. 2011-111, Available at SSRN: https://ssrn.com/abstract=1942821 or http://dx.doi.org/10.2139/ssrn.1942821

Marco Da Rin (Contact Author)

Tilburg University, Department of Finance ( email )

P.O. Box 90153
Tilburg, 5000 LE
Netherlands

Tilburg Law and Economics Center (TILEC)

Warandelaan 2
Tilburg, 5000 LE
Netherlands

European Corporate Governance Institute (ECGI)

c/o the Royal Academies of Belgium
Rue Ducale 1 Hertogsstraat
1000 Brussels
Belgium

Thomas F. Hellmann

University of Oxford - Said Business School ( email )

Park End Street
Oxford, OX1 1HP
Great Britain
+44 (0)1865 288937 (Phone)

HOME PAGE: http://www.sbs.ox.ac.uk/community/people/thomas-hellmann

University of Oxford - Said Business School ( email )

Park End Street
Oxford, OX1 1HP
Great Britain
+44 (0)1865 288937 (Phone)

HOME PAGE: http://www.sbs.ox.ac.uk/community/people/thomas-hellmann

European Corporate Governance Initiative ( email )

c/o the Royal Academies of Belgium
Rue Ducale 1 Hertogsstraat
1000 Brussels
Belgium

Manju Puri

Duke University - Fuqua School of Business ( email )

100 Fuqua Drive
Box 90120
Durham, NC 27708-0120
United States
919-660-7657 (Phone)

NBER

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
3,203
Abstract Views
26,775
Rank
6,385
PlumX Metrics