The Effect of Venture Capital Equity Concentration on the Investment Performance

학위논문 (석사)-- 서울대학교 대학원 : 경영학과 경영학전공, 2016. 8. 박남규.This paper explores the effect of equity concentration among venture capital syndicate members on the investment performance. While the importance of equity split on the early stage of a venture firm is widely perceived among business practitioners, the effect of the level of equal/unequal distribution of equity shares, particularly among venture capital syndicate members, has not been empirically explored. Drawing on theories of power and hierarchy, I propose that the higher level of equity concentration will have a negative effect on the investment performance. I also hypothesize that familiarity among syndicate members and being in a later investment stage will moderate the negative effect of equity concentration. I find strong empirical support for the hypotheses.Introduction 3 Theory and Hypotheses 5 Speed and Search 6 Hierarchy 7 Start-up and Venture Capital Context 11 Methods 14 Sample 15 Dependent Variables 15 Independent Variables 17 Control Variables 18 Model Specification 19 Results 20 Discussion 22 References 29 국문 초록 36Maste

Inositol hexaphosphate와 전 파장 광선 조사가 PC-3 전립선암 세포의 증식에 미치는 영향

학위논문(석사)--서울대학교 대학원 :식품영양학과,2004.Maste

Effects of Tai chi exercise program applying laughter therapy on blood pressure, stress response and depression in elderly with hypertension

학위논문 (박사)-- 서울대학교 대학원 : 간호학과, 2011.8. 김금순.Docto