Venture Capitalists' Exit Strategies under Information Asymmetry: Evidence from the US Venture Capital Market - Softcover

Eckermann, Matthias

Softcover

ISBN 10: 3835001264 ISBN 13: 9783835001268

Publisher: Deutscher Universitätsverlag, 2006

Synopsis

Matthias Eckermann analyzes how venture capitalists (VCs) integrate information efficiency considerations into their exit strategies. He shows that VCs adopt specific strategies to cope with information gaps upon exit in terms of timing, exit vehicles and promotion efforts. On this basis he develops a framework to help VCs to improve profitability through decisive exit strategies.

About this title

From the Back Cover:

Venture capitalists (VCs) fund ventures with the aim of reaping a capital gain upon exit. Research has identified information asymmetry between inside investors and follow-on investors as a major source of friction. It is thus in the interest of VCs to reduce information asymmetry at exit.

Matthias Eckermann analyzes how VCs integrate information efficiency considerations into their exit strategies. He shows that VCs adopt specific strategies to cope with information gaps upon exit in terms of timing, exit vehicles and promotion efforts. On this basis he develops a framework to help VCs to improve profitability through decisive exit strategies.

About the Author:

Dr. Matthias Eckermann promovierte bei Prof. Dr. Michael Schefczyk am Lehrstuhl für Entrepreneurship und Innovation an der Technischen Universität Dresden. Er ist im Investment Banking in London tätig.

About this edition

• Publisher: Deutscher Universitätsverlag
• Publication date: 2006
• ISBN 10: 3835001264
• ISBN 13: 9783835001268
• Binding: Paperback
• Number of pages: 304