The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.
Venture Capital and the Professionalization of Start‐Up Firms: Empirical Evidence
Open accessAbstract
This paper examines the impact venture capital can have on the development of new firms. Using a hand‐collected data set on Silicon Valley start‐ups, we find that venture capital is related to a variety of professionalization measures, such as human resource policies, the adoption of stock option plans, and the hiring of a marketing VP. Venture‐capital‐backed companies are also more likely and faster to replace the founder with an outside CEO, both in situations that appear adversarial and those mutually agreed to. The evidence suggests that venture capitalists play roles over and beyond those of traditional financial intermediaries.
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Citations
Cites
A Survey of Corporate Governance
Shleifer, A., & Vishny, R. W. (1997) · The Journal of Finance · doi:10.1111/j.1540-6261.1997.tb04820.x · Cited by 16,243
Financial intermediation and delegated monitoring
Diamond, D. W. (1984) · The Review of Economic Studies · doi:10.2307/2297430 · Cited by 8,476
What do venture capitalists do?
Gorman, M., & Sahlman, W. A. (1989) · Journal of Business Venturing · doi:10.1016/0883-9026(89)90014-1 · Cited by 1,371
Cited by
Kaplan, S. N., & Stromberg, P. (2003) · Review of Economic Studies · doi:10.1111/1467-937x.00245 · Cited by 1,533
Resolving Information Asymmetry: Signaling, Endorsement, and Crowdfunding Success
Courtney, C., Dutta, S., & Li, Y. (2017) · Entrepreneurship Theory and Practice · doi:10.1111/etap.12267 · Cited by 760
The Determinants of Board Structure at the Initial Public Offering
Baker, M., & Gompers, P. A. (2003) · The Journal of Law and Economics · doi:10.1086/380409 · Cited by 624
Founding the Future: Path Dependence in the Evolution of Top Management Teams from Founding to IPO
Beckman, C. M., & Burton, M. D. (2008) · Organization Science · doi:10.1287/orsc.1070.0311 · Cited by 605
Field, L., Lowry, M., & Mkrtchyan, A. (2013) · Journal of Financial Economics · doi:10.1016/j.jfineco.2013.02.004 · Cited by 561
Metadata
- Authors
- Hellmann, T., & Puri, M.
- Venue
- The Journal of Finance
- Publisher
- Wiley
- Published
- 2002-02
- Volume
- 57
- Issue
- 1
- Pages
- 169-197
- ISSN
- 0022-1082 (ISSN-L)
- 1540-6261
- OpenAlex
- W3124000325
- Cited by
- 2,425
- References
- 3
- FWCI
- 226.89
- Type
- journal article
- Language
- en
- Open access
- green
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- Hellmann, T., & Puri, M. (2002). Venture Capital and the Professionalization of Start‐Up Firms: Empirical Evidence. The Journal of Finance. https://doi.org/10.1111/1540-6261.00419
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
