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A Survey of Venture Capital Research

In: Handbook of the Economics of Finance

Author

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  • Rin, Marco Da
  • Hellmann, Thomas
  • Puri, Manju

Abstract

This survey reviews the growing body of academic work on venture capital. It lays out the major data sources used. It examines the work on venture capital investments in companies, looking at issues of selection, contracting, post-investment services, and exits. The survey considers recent work on organizational structures of venture capital firms, and the relationship between general and limited partners. It discusses the work on the returns to venture capital investments. It also examines public policies, and the role of venture capital in the economy at large.

Suggested Citation

  • Rin, Marco Da & Hellmann, Thomas & Puri, Manju, 2013. "A Survey of Venture Capital Research," Handbook of the Economics of Finance, in: G.M. Constantinides & M. Harris & R. M. Stulz (ed.), Handbook of the Economics of Finance, volume 2, chapter 0, pages 573-648, Elsevier.
    • Handle: RePEc:eee:finchp:2-a-573-648
    DOI: 10.1016/B978-0-44-453594-8.00008-2
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    Keywords

    Venture capital; private equity; alternative assets; IPOs; acquisitions; corporate venture capital; public policy; limited partners; institutional investors; syndication; innovation; venture capital returns;
    All these keywords.

    JEL classification:

    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

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