Throughout this section, the research model is tested for its validity on the basis of the survey data sample and the original data sample if applicable. After discussing the research model and the interrelations between the endogenous variables, this section aims at identifying structures in the survey sampl that have not bee foreseen in the research model but influence the VCF’s exit strateggy as well. Therefore, an investigative technique — the cluster analysis — is employed.
KeywordsInvestment Bank External Approach Public Market Exit Strategy Private Transaction
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