Book Details

Venture Capital, Corporate Governance, and Firm Value

Publication year: 2007

ISBN: 978-3-8350-9549-6

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Based on economic and managerial theories, Maik Kleinschmidt studies the relationship between venture capital, corporate governance, and firm value. He explores the determinants of venture capitalists’ influence as well as their impact on the corporate governance of portfolio companies. In a second step, he analyses the influence of corporate governance on the companies’ firm value. His findings support the hypothesis that venture capitalists improve the corporate governance of their portfolio companies and that their abilities determine their impact. Moreover, they show the positive impact of good corporate governance on some measures for firm value.


Subject: Business and Economics, Control, Corporate Governance, Governance, Growth companies, Private capital, Unternehmenswert, management, venture capital