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A survey of venture capital research

  • Marco Da Rin
  • Thomas F. Hellmann
  • Manju Puri

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.

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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 17523.

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Date of creation: Oct 2011
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Publication status: published as in George Constantinides, Milton Harris, and René Stulz (eds.) Handbook of the Economics of Finance. Volume 2, Part A, 2013, Pages 573–648
Handle: RePEc:nbr:nberwo:17523
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