296
Views
0
CrossRef citations to date
0
Altmetric
Research Article

Institutional investor attention and venture capital valuation: evidence from China

, &

References

  • Barber, B. M., and Odean, T. 2008. “All That Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors.“ Review of Financial Studies 21: 785–818. doi:10.1093/rfs/hhm079.
  • Borochin, P., and J. Yang. 2017. “The Effects of Institutional Investor Objectives on Firm Valuation and Governance.” Journal of Financial Economics 126: 171–199. doi:10.1016/j.jfineco.2017.06.013.
  • Colaco, H. M. J., A. D. Cesari, and S. P. Hegde. 2017. “Retail Investor Attention and IPO Valuation.” European Financial Management 23: 691–727. doi:10.1111/eufm.12113.
  • Collewaert, V., and S. Manigart. 2016. “Valuation of Angel-backed Companies: The Role of Investor Human Capital.” Journal of Small Business Management 54: 356–372. doi:10.1111/jsbm.12150.
  • Cumming, D., and N. Dai. 2011. “Fund Size, Limited Attention and Valuation of Venture Capital Backed Firms.” Journal of Empirical Finance 18: 2–15. doi:10.1016/j.jempfin.2010.09.002.
  • Da, Z., J. Engelberg, and P. Gao. 2011. “In Search of Attention.” Journal of Finance 66: 1461–1499. doi:10.1111/j.1540-6261.2011.01679.x.
  • Festel, G., M. Wuermseher, and G. Cattaneo. 2013. “Valuation of Early Stage High-tech Start-up Companies.” International Journal of Business 18: 216–231.
  • Gao, Z., H. Ren, and B. Zhang. 2020. “Googling Investor Sentiment around the World.” Journal of Financial and Quantitative Analysis 55: 549–580. doi:10.1017/S0022109019000061.
  • Gompers, P. A., and J. Lerner. 2000. “Money Chasing Deals? The Impact of Fund Inflows on Private Equity Valuation.” Journal of Financial Economics 55: 281–325. doi:10.1016/S0304-405X(99)00052-5.
  • Hand, J. 2005. “The Value Relevance of Financial Statements in the Venture Capital Market.” Accounting Review 80: 613–648. doi:10.2308/accr.2005.80.2.613.
  • Hsu, D. H. 2007. “Experienced Entrepreneurial Founders, Organizational Capital, and Venture Capital Funding.” Research Policy 36: 722–741. doi:10.1016/j.respol.2007.02.022.
  • Ikizlerli, D. 2020. “Institutional Investors and Stock Market Volatility. Evidence from Korea.” Applied Economics Letters 27: 473–476. doi:10.1080/13504851.2019.1632413.
  • Lambert, R., C. Leuz, and R. Verrecchia. 2012. “Information Asymmetry, Information Precision, and the Cost of Capital.” Review of Finance 16: 1–29. doi:10.1093/rof/rfr014.
  • Lv, Y., J. Piao, B. Li, and M. Yang. 2021. “Does Online Investor Sentiment Impact Stock Returns? Evidence from the Chinese Stock Market.” Applied Economics Letters: 1–5. Forthcoming. doi:10.1080/13504851.2021.1937490.
  • Olson, E., and A. Nowak. 2020. “Sentiment’s Effect on the Variance of Stock Returns.” Applied Economics Letters 27: 1469–1473. doi:10.1080/13504851.2019.1690123.
  • Peng, L., and W. Xiong. 2006. “Investor Attention, Overconfidence and Category Learning.” Journal of Financial Economics 80: 563–602. doi:10.1016/j.jfineco.2005.05.003.
  • Que, J., and X. Zhang. 2021. “Money Chasing Hot Industries? Investor Attention and Valuation of Venture Capital Backed Firms.” Journal of Corporate Finance 68: 1019–1049. doi:10.1016/j.jcorpfin.2021.101949.
  • Sias, R., and L. Starks. 1997. “Return Autocorrelation and Institutional Investors.” Journal of Financial Economics 46: 103–131. doi:10.1016/S0304-405X(97)00026-3.
  • Xu, F., and D. Wan. 2015. “The Impacts of Institutional and Individual Investors on the Price Discovery in Stock Index Futures Market: Evidence from China.” Finance Research Letters 15: 221–231. doi:10.1016/j.frl.2015.10.002.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.