Please use this identifier to cite or link to this item:
http://hdl.handle.net/10071/11257
Author(s): | Delgado, M. Pereira, R. Dias, A. |
Date: | 2015 |
Title: | Consequences of investment contract duration on the valuation of firms in maturity stage |
Volume: | 11 |
Number: | 2-3 |
Pages: | 217 - 231 |
ISSN: | 1746-0573 |
DOI (Digital Object Identifier): | 10.1504/WREMSD.2015.068580 |
Keywords: | Divestiture Investment contract duration Maturity Venture capital |
Abstract: | Investment contract duration is a key parameter for Venture Capital funds operation. Variables influencing the decision around this parameter are usually treated in general principles in the classical financial literature leaving plenty of room for context sensitive research. As such, we studied variables influencing investment contract duration by investigating the performance of mature Portuguese firms that have been (partially) held by Venture Capital funds. Using a sample of 38 firms, sold out by Venture Capital funds between 1995 and 2004, we evaluated the performance of these firms using performance and sustainability indicators. We found evidence that Sales Growth, Exports, Book Value, Headcount and a good Coverage of ISO Standards Implementation influenced the investment contract duration. |
Peerreviewed: | yes |
Access type: | Open Access |
Appears in Collections: | DMOG-RI - Artigos em revistas internacionais com arbitragem científica |
Files in This Item:
File | Description | Size | Format | |
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MD_RP_AD_WREMSD.pdf | Pós-print | 223,59 kB | Adobe PDF | View/Open |
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