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Handbook of the Economics of Corporate Finance
Private Equity and Entrepreneurial Finance
- 1st Edition - June 9, 2023
- Editors: Bjørn Espen Eckbo, Gordon M. Phillips, Morten Sorensen
- Language: English
- Hardback ISBN:9 7 8 - 0 - 1 2 - 8 2 0 1 4 9 - 7
- eBook ISBN:9 7 8 - 0 - 1 2 - 8 2 4 0 0 6 - 9
Private Equity and Entrepreneurial Finance, volume 1 of the new series, Handbook of the Economics of Corporate Finance, provides comprehensive and accessible updates of centra… Read more
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Request a sales quotePrivate Equity and Entrepreneurial Finance, volume 1 of the new series, Handbook of the Economics of Corporate Finance, provides comprehensive and accessible updates of central theoretical and empirical issues in corporate finance. The demand for these updates reflects the rapid evolution of corporate finance research, which has become a dominant field in financial economics. The chapters are written by leading researchers and experts that remain active in their respective areas of interest. These are intended to make the economics of corporate finance and governance accessible not only to doctoral students but also researchers not intimately familiar with this important field.
- Provides the authority and expertise of leading contributors from an international board of authors
- Presents the latest release in the Handbook of the Economics of Corporate Finance series
- Updated release includes the latest information on Private Equity and Entrepreneurial Finance
Graduate students and professors worldwide studying financial economics, in particular corporate finance
- Cover image
- Title page
- Table of Contents
- Copyright
- Introduction to the handbooks in economics series
- Introduction to the economics of corporate finance series
- Introduction to the first volume
- Contributors
- Part I: Early-stage financing
- Chapter 1: The contracting and valuation of venture capital-backed companies
- Abstract
- 1: Introduction
- 2: Contracting between startups and their investors
- 3: Dividing cash flows
- 4: Dividing control
- 5: Evolution of cash flow rights and control
- 6: Valuation of venture capital securities
- 7: Conclusion
- References
- Chapter 2: Venture capital and innovation
- Abstract
- 1: Introduction
- 2: A brief look at the history of institutional venture capital
- 3: How the venture capital model boosts innovation
- 4: Limitations of venture capital model as a spur to innovation
- 5: New approaches
- 6: Conclusion
- Acknowledgments
- References
- Chapter 3: Small firm financing: Sources, frictions, and policy implications
- Abstract
- 1: Introduction
- 2: Sources of small firm financing
- 3: Real effects of (relaxed) financing constraints
- 4: The role of government policy
- 5: Conclusions
- References
- Part II: Later stage financing
- Chapter 4: Private equity financing
- Abstract
- 1: The basics
- 2: Beyond the fund structure: Co-investments and direct investments
- 3: Trends in private equity financing
- Acknowledgments
- References
- Further reading
- Chapter 5: Buyouts: A primer
- Abstract
- 1: Introduction
- 2: What are buyouts and how do they work?
- 3: How do buyouts create returns for their investors?
- 4: Facts about buyouts
- 5: The academic literature on buyouts
- 6: Conclusion
- Acknowledgments
- References
- Chapter 6: Gender and race in entrepreneurial finance
- Abstract
- 1: Introduction
- 2: Why race and gender?
- 3: From founding to financing to exit
- 4: Facts about founders, startups, and investors
- 5: Economics of discrimination
- 6: Race and gender patterns: Review of the literature
- 7: Changes to the financing landscape
- 8: Ideas for future research
- 9: Conclusion
- Acknowledgments
- Appendix A: Data sources
- Appendix B: Identifying race and gender
- References
- Part III: Impact and performance
- Chapter 7: Stakeholder impact of private equity investments
- Abstract
- 1: Introduction
- 2: Incentives in private equity
- 3: Private equity management model
- 4: Impact on management, productivity, and efficiency
- 5: Impact on employees and other stakeholders
- 6: Impact on broader society
- 7: Open questions and suggestions for further research
- Acknowledgments
- References
- Chapter 8: Risk and return in private equity
- Abstract
- 1: Introduction
- 2: Institutional setting
- 3: Fund data
- 4: Alternative vehicles and funds of funds
- 5: Publicly traded vehicles
- 6: Investment level data
- 7: Conclusion
- References
- Part IV: Short chapter summaries
- Short overview of chapters
- Part I: Early-stage financing
- Part II: Later stage financing
- Part III: Impact and performance
- Chapter 8: Risk and return in private equity
- Author index
- Subject index
- No. of pages: 470
- Language: English
- Edition: 1
- Published: June 9, 2023
- Imprint: North Holland
- Hardback ISBN: 9780128201497
- eBook ISBN: 9780128240069
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Bjørn Espen Eckbo
Professor B. Espen Eckbo holds the Tuck Centennial Chair in Finance. He is also Faculty Director of Tuck's Lindenauer Center for Corporate Governance, which he founded in 1999. He teaches advanced MBA courses in the areas of corporate finance, corporate takeovers and international corporate governance. Professor Eckbo, who received a PhD in financial economics from the University of Rochester in 1981, has published extensively in the top finance journals in the areas of corporate finance, investment banking, and the market for corporate control. He is a recipient of an honorary doctoral degree from the Norwegian School of Economics, the prestigious Batterymarch Fellowship, as well as several outstanding-paper awards. He is a research Associate of the European Corporate Governance Institute (ECGI), and a frequent keynote and invited seminar speaker. He was called in 2009 by the U.S. Congress to testify on issues concerning the government’s large equity ownership positions in companies rescued under the Troubled Asset Relief Program (TARP).
Affiliations and expertise
Center for Corporate Governance, Tuck School of Business, Dartmouth College, Hanover, NH, USAGP
Gordon M. Phillips
Gordon M. Phillips is at Tuck School of Business, Dartmouth College, NH, USA
Affiliations and expertise
Dartmouth College, NH, USAMS
Morten Sorensen
Morten Sorensen works at Tuck School of Business, Dartmouth College, New Hampshire, USA
Affiliations and expertise
Dartmouth College, NH, USARead Handbook of the Economics of Corporate Finance on ScienceDirect