Consequences of investment contract duration on the valuation of firms in maturity stage

Detalhes bibliográficos
Autor(a) principal: Delgado, M.
Data de Publicação: 2015
Outros Autores: Pereira, R., Dias, A.
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10071/11257
Resumo: 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.
id RCAP_05d70df9f95e74fc009dffba5ce4fa2a
oai_identifier_str oai:repositorio.iscte-iul.pt:10071/11257
network_acronym_str RCAP
network_name_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository_id_str 7160
spelling Consequences of investment contract duration on the valuation of firms in maturity stageDivestitureInvestment contract durationMaturityVenture capitalInvestment 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.Inderscience2016-05-05T17:37:52Z2015-01-01T00:00:00Z20152019-05-16T11:28:32Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10071/11257eng1746-057310.1504/WREMSD.2015.068580Delgado, M.Pereira, R.Dias, A.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-09T17:24:21Zoai:repositorio.iscte-iul.pt:10071/11257Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:11:05.488683Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Consequences of investment contract duration on the valuation of firms in maturity stage
title Consequences of investment contract duration on the valuation of firms in maturity stage
spellingShingle Consequences of investment contract duration on the valuation of firms in maturity stage
Delgado, M.
Divestiture
Investment contract duration
Maturity
Venture capital
title_short Consequences of investment contract duration on the valuation of firms in maturity stage
title_full Consequences of investment contract duration on the valuation of firms in maturity stage
title_fullStr Consequences of investment contract duration on the valuation of firms in maturity stage
title_full_unstemmed Consequences of investment contract duration on the valuation of firms in maturity stage
title_sort Consequences of investment contract duration on the valuation of firms in maturity stage
author Delgado, M.
author_facet Delgado, M.
Pereira, R.
Dias, A.
author_role author
author2 Pereira, R.
Dias, A.
author2_role author
author
dc.contributor.author.fl_str_mv Delgado, M.
Pereira, R.
Dias, A.
dc.subject.por.fl_str_mv Divestiture
Investment contract duration
Maturity
Venture capital
topic Divestiture
Investment contract duration
Maturity
Venture capital
description 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.
publishDate 2015
dc.date.none.fl_str_mv 2015-01-01T00:00:00Z
2015
2016-05-05T17:37:52Z
2019-05-16T11:28:32Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10071/11257
url http://hdl.handle.net/10071/11257
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 1746-0573
10.1504/WREMSD.2015.068580
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Inderscience
publisher.none.fl_str_mv Inderscience
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
_version_ 1799134664808464384

Registros relacionados