The Oxford Handbook of Venture Capital Oxford Handbooks Series

Venture capital (VC) refers to investments provided to early-stage, innovative, and high growth start-up companies. A common characteristic of all venture capital investments is that investee companies do not have cash flows to pay interest on debt or dividends on equity. Rather, investments are made with a view towards capital gain on exit. The most sought after exit routs are an initial public offering (IPO), where a company lists on a stock exchange for the first time, and an acquisition exit (trade sale), where the company is sold in entirety to another company. However, VCs may exit by secondary sales, where the entrepreneur retains his or her share but the VC sells to another company or another investor, buybacks, where the entrepreneur repurchases the VC`s interest, and write-offs or liquidations. The Oxford Handbook of Venture Capital provides a comprehensive picture of all of the issues dealing with the structure, governance, and performance of venture capital. It comprises contributions from 55 authors currently based in 12 different countries.

Part I. Introduction. Chapter 1. alt,"Introduction to the Handbook of Venture Capitalagt,". Douglas Cumming, York University Schulich School of Business. Part II. The Structure of Venture Capital. Chapter 2. alt,"The Capital Flow from Institutional Investors to Entrepreneursagt,". Alexander Groh, EM Lyon Business School. Chapter 3. alt,"Venture Capital and the Financial Crisis: An Empirical Study Across Industries and Countriesagt,". Joern Block, Erasmus School of Economics, Erasmus University Rotterdam, Geertjan De Vires, Department of Applied Economics, Erasmus University Rotterdam, and Philipp Sandner, EXIST Founders' Grant Munich. Chapter 4. alt,"Venture Capital Reputationagt,". C.N.V. Krishnan, Case Western Reserve University, and Ronald Masulis, University of New South Wales and Vanderbilt University. Chapter 5. alt,"Keys to Fundraising Success in Nascent Venture Capital Firmsagt,". Jennifer Walske, Haas Business School, University of California Berkeley, and Andrew Zacharakis, Babson College. Chapter 6. alt,"Corporate Venture Capital in the 21st Century: An Integral Part of Firms' Innovation Toolkitagt,". Gary Dushnitsky, London Business School. Chapter 7. alt,"Corporate Venture Capital: From Venturing to Partneringagt,". Joseph A. McCahery, Tilburg University, Erik P.M. Vermeulen, Tilburg University, and Andrew M. Banks, Tilburg University. Chapter 8. alt,"VIPE Financing: Venture (Capital) Investments in Public Equityagt,". Susan Chaplinsky, Darden Graduate School of Business, University of Virginia, and David Haushalter, Smeal College of Business, The Pennsylvania State University. Chapter 9. alt,"Philanthropic Venture Capital from a Global Perspective: Definition and Investment Strategyagt,". Maria Rosa Scarlata, ESADE, and Luisa Alemany, ESADE. Part III. Venture Capital Screening, Staging and Syndication. Chapter 10. alt,"Venture Capital before the First Dollar: Deal Origination, Screening and Evaluationagt,". Chris Yung, McIntyre School of Commerce, University of Virginia. Chapter 11. alt,"Capital Structure Determinants in Growth Firms Accessing Venture Fundingagt,". Marina Balboa, University of Alicante - Department of Financial Economics, Jose Marti, Universidad Complutense de Madrid, and Alvaro Tresierra, Universidad Complutense de Madrid. Chapter 12. alt,"Venture Capital Staging: Domestic versus Foreign VC-Led Investmentsagt,". Yong Li, SUNY Buffalo. Chapter 13. alt,"Follow-on Financing of Venture Capital-Backed Companiesagt,". Tom Vanacker, Vlerick Leuven Gent Management School, Arnout Seghers, Vlerick Leuven Gent Management School, and Sophie Manigart, Vlerick Leuven Gent Management School. Chapter 14. alt,"Performance Implications of Venture Capital Syndication Networksagt,". Denis Trapido, University of California, Irvine. Part IV. Venture Capital Valuation and Financial Contracting. Chapter 15. alt,"Valuing and Preferred Shares in Venture Capital Financingsagt,". Dietmar Leisen, University of Mainz. Chapter 16. alt,"Required Rates of Return and Financial Contracting for Entrepreneurial Venturesagt,". Richard Smith, A Gary Andersen Graduate School of Management, University of California Riverside. Chapter 17. alt,"Financial Contracting in U.S. Venture Capital: Overview and Empirical Evidenceagt,". Ola Bengtsson, University of