Development of New Economy via Venture Capital and Initial Public Offerings in Turkey
نویسنده
چکیده
Small and medium size enterprises (SMEs) have an important impact on the development of new economy but SMEs have a need for venture capital (VC) and initial public offerings (IPOs) in order to grow. Therefore, It is very important to know how owners, managers and employees in the SMEs perceive the VC and IPOs in Turkey. A questionnaire is developed to understand these types of perceptions via focus groups. The questionnaire is distributed to the owners, managers and employees of SMEs that operate in Istanbul Technical University KOSGEB, Bogazici University KOSGEB and Yıldız Technical University KOSGEB.
منابع مشابه
The Determinants of Board Structure at the Initial Public Offering*
This paper describes board size and composition and investigates the role of venture capital in a sample of 1,116 firms’ initial public offerings. First, firms backed by venture capital have fewer insider and instrumental directors and more independent outsiders. Second, we consider board composition as the outcome of a bargain between the CEO and outside shareholders. Representation of indepen...
متن کاملWorking Paper INITIAL PUBLIC OFFERINGS AND PRE-IPO SHAREHOLDERS: ANGELS VERSUS VENTURE CAPITALISTS
At the time of an initial public offering, shares in a firm are typically held by venture capitalists, insiders, corporate investors, and angel investors. We examine the role of angel investors in the IPO process. We find that angel investors provide equity capital in industries that venture capitalists are less likely to serve and that shareholders in angel backed IPO firms are more likely to ...
متن کاملParticipating convertible preferred stock in venture capital exits☆
Field Editor: G. Cassar This paper develops a theory of the participating convertible preferred (PCP) stock commonly used in venture capital settings. I show that the participation and convertibility features of PCP stock can be used to reduce information asymmetry between the venture and potential investors at the time of exit. Further, the convertibility feature of PCP helps in alleviating th...
متن کاملOrganizational Endowments and the Performance of University Start-ups
The question of how initial resource endowments—the stocks of resources that entrepreneurs contribute to their new ventures at the time of founding—affect organizational life chances is one of significant interest in organizational ecology, evolutionary theory, and entrepreneurship research. Using data on the life histories of all 134 firms founded to exploit MIT-assigned inventions during the ...
متن کاملFinancing the health care Internet.
Internet-related health care firms have accelerated through the life cycle of capital finance and organizational destiny, including venture capital funding, public stock offerings, and consolidation, in the wake of heightened competition and earnings disappointments. Venture capital flooded into the e-health sector, rising from $3 million in the first quarter of 1998 to $335 million two years l...
متن کامل