Effects of Venture Capital Mega-Deals on IPO Success and Post-IPO Performance

Lehnertz, Nico; Plagmann, Carolin; Lutz, Eva

doi:10.1080/0015198x.2022.2083900

Cited by 5 publications

(2 citation statements)

References 61 publications

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“…Recent research by Lehnertz et al (2022) suggests that the amount of VC funding received by startup firms can serve as an additional quality signal for investors. Their findings show that US startups receiving a VC 'mega-deal' of USD 100 million or more are more likely to have successful IPOs (as measured by IPO proceeds).…”

Section: Venture Capital Backingmentioning

confidence: 99%

Overcoming the liability of foreignness in US capital markets: the case of Alibaba and Coupang

Pesqué‐Cela

Kim

2022

Asia Pacific Business Review

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Section: Venture Capital Backingmentioning

confidence: 99%

Overcoming the liability of foreignness in US capital markets: the case of Alibaba and Coupang

Pesqué‐Cela

Kim

2022

Asia Pacific Business Review

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“…Most of the available literature contrasts IPOs backed by VC with those not backed by VC. The results are inconclusive regarding the impact of VC financing (Lehnertz et al. , 2022; Long et al.…”

Section: Introductionmentioning

confidence: 99%

The effects of organizational learning on innovation and performance of venture capital-backed firms: the moderating effect of syndication

Laachach

Ettahri

2023

BPMJ

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PurposeDespite the innovation and performance of venture capital (VC)-backed firms receiving extensive attention, how and under what conditions VC influences innovation and performance remains unclear. The present paper draws on organizational learning (OL) theory to examine the moderating effect of syndication on backed firms.Design/methodology/approachDrawing on a literature review that connects OL and innovation to the performance of VC-backed firms, this study examines the effects of OL on innovation and firm performance among these firms by questioning the moderating effect of VC syndication. A sample of 78 VC-backed firms was used to test the robustness of the proposed model and causal relationships through the use of partial least squares structural equation modeling (PLS-SEM).FindingsThe empirical evidence demonstrates that the intervention of venture capitalists can not only stimulate innovation, but also have a significantly positive effect on firm performance. Furthermore, the evidence reveals that syndication of VC investment supports backed firms in improving the firms' performance and generating innovation from acquired knowledge.Originality/valueTo the best of the authors' knowledge, this study is the first in North Africa that focuses on the moderating effects of venture capital syndication on the relationships between OL, innovation and firm performance.

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The Influence Mechanism of Investors on the Value-Added Service Effect of Startups

2023

Learning and Analytics in Intelligent Systems

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Effects of Venture Capital Mega-Deals on IPO Success and Post-IPO Performance

Cited by 5 publications

References 61 publications

Overcoming the liability of foreignness in US capital markets: the case of Alibaba and Coupang

Overcoming the liability of foreignness in US capital markets: the case of Alibaba and Coupang

The effects of organizational learning on innovation and performance of venture capital-backed firms: the moderating effect of syndication

The Influence Mechanism of Investors on the Value-Added Service Effect of Startups

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