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The Performance of Listed European Innovative Firms

  • Luisa Anderloni
  • Alessandra Tanda
Part of the Palgrave Macmillan Studies in Banking and Financial Institutions book series (SBFI)

Abstract

European venture capital has gained increasing interest in the latest years by academics, practitioners and policy makers: its relevance in this area has been growing, and firms located in European countries have attracted a substantial share of the investments. Traditionally the literature identifies venture capital (VC) as the form of investment in start-up and growth companies, which is particularly fitted to overcome the asymmetries of information characterizing new businesses and firms which are living a series of changes (Gompers, 1995; Brav and Gompers, 1997). VC is also able to boost the performance of the target companies thanks to its value-added services, in terms both of sales growth and employment (Grilli and Murtinu, 2014; Paglia and Harjoto, 2014) and of stock performance (Bessler and Seim, 2012), or with reference to corporate governance (Farag et al., 2014), although the real contribution of VC might depend on the context (Rosenbusch et al., 2013).

Keywords

Corporate Governance Venture Capital Initial Public Offering Sharpe Ratio Risk Free Rate 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Luisa Anderloni and Alessandra Tanda 2015

Authors and Affiliations

  • Luisa Anderloni
  • Alessandra Tanda

There are no affiliations available

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