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Key The main [[VC Acquisitions Lit Review]] page details searches for papers related to the intersection of venture capital, acquisitions and explaining abnormal returns. There areseperate lit reviews for related topics, such as:*'''VC acquisitions'''[[Information Asymmetry Measures]]*[[Information Asymmetry in Acquisitions Lit Review]]*[[The Winners Curse]] The key papers found were:*'''VC event study'''[[Masulis Nahata (2011) - Venture Capital Conflicts Of Interest]]*'''[[Gompers Xuan (2008) - Bridge Building In Venture Capital Backed Acquisitions of privately]]*[[Gompers Xuan (2006) -held firms'''The Role Of Venture Capitalists In The Acquisition Of Private Companies]]*[[Benson Ziedonis (2010) - Corporate Venture Capital And The Returns To Acquiring Portfolio Companies]] ====Comparing Results==== Comparing our CARs with those from the literature (some values are inferred - see the review pages) Our Paper M&N'11 G&X'06 G&X'Acquisitions event study'08 B&Z'10 Data Range 80-'10 91-06 90-01 92-06 80-03 Model Mkt Sub Mkt Mkt Mkt Univariate Private Target 0.7% 4.8% 1.5% NA NA VC 0.3% 6.3% 0.6% 0.7% 0.7% Non-VC 0.8% 3.4% 1.6% NA NA With Controls VC indicator 0.5% 2.7% 0.3% Target Ind. Q 4.8% Related 0.5% R2 1.6% 4.3% 1.6% N 22,961 490 8693 1261 489 Note that using the subtraction model our univariate results are: 0.95% (all), 0.98% (Non-VC) and 0.59% (VC).
Protected "VC Acquisitions Paper" [edit=trusted:move=trusted:read=trusted]
Connect to the Postgres database (inside the Berkeley network only) with:
psql -h 128.32.252204.201 203 -U ed_egan Acqs
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===Lit Review===
==Latest Version==
