Comment on Bergemann and Hege
Article Abstract:
The dynamic agency model adopted by Dirk Bergemann and Ulrich Hege in explaining the nature of venture capital firms raises a number of refutable arguments. By relating poor business prospects with lack of investor discovery, the authors readily ruled out that unsuccessful projects are the ones likely to receive increased funding. This assumption is contrary to widely accepted notion of staged financing. The information structure outlined in Bergemann and Hege's research is also improbable since business prospects can not directly be linked with uniform probability over time.
Publication Name: Journal of Banking & Finance
Subject: Business
ISSN: 0378-4266
Year: 1998
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Early warning models in real time
Article Abstract:
Early warning models are more accurate when based on real-time data than when based on revised data.
Publication Name: Journal of Banking & Finance
Subject: Business
ISSN: 0378-4266
Year: 2003
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Effects of venture capitalists' participation in listed companies
Article Abstract:
Listed companies financed by venture capitalists perform better with older venture capital firms.
Publication Name: Journal of Banking & Finance
Subject: Business
ISSN: 0378-4266
Year: 2003
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