دانلود مقاله ISI انگلیسی شماره 96954
ترجمه فارسی عنوان مقاله

آیا سرمایه شرکت های سرمایه گذاری از حضور در هیئت مدیره شرکت های دولتی بالغ بهره مند می شوند؟

عنوان انگلیسی
Do venture capital firms benefit from a presence on boards of directors of mature public companies?
کد مقاله سال انتشار تعداد صفحات مقاله انگلیسی
96954 2018 47 صفحه PDF
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Journal of Corporate Finance, Volume 49, April 2018, Pages 125-140

پیش نمایش مقاله
پیش نمایش مقاله  آیا سرمایه شرکت های سرمایه گذاری از حضور در هیئت مدیره شرکت های دولتی بالغ بهره مند می شوند؟

چکیده انگلیسی

This paper examines the benefits to venture capital firms of their officers holding directorships in mature public companies in terms of fundraising and investment performance. Our empirical results show that venture capital firms raise more funds, set higher fund-raising targets, and are more likely to successfully exit their investments post-appointment of their officers to boards of directors of S&P 1500 companies. Directorship status in mature public firms provides venture capital firms with enhanced networks, visibility, and credibility, all of which facilitate their fundraising activities. In addition, the knowledge, expertise, and experience acquired through holding directorships in mature public firms are beneficial for their portfolio companies, as measured by the likelihood of successful exits.