Venture Capital Financing and the Informativeness of Earnings

References

• Baker , M. and Gompers , P. 2003 . The Determinants of Board Structure at the Initial Public Offering . Journal of Law and Economics , 46 : 569 – 598 .
   Web of Science ®Google Scholar
• Barry , C. , Muscarella , C. and Vetsuypens , M. 1990 . The Role of Venture Capital in the Creation of Public Companies . Journal of Financial Economics , 27 : 447 – 471 .
   Web of Science ®Google Scholar
• Brav , A. and Gompers , P. 1997 . Myth or Reality? The Long-Run Underperformance of Initial Public Offerings: Evidence from Venture and Nonventure Capital-Backed Companies . Journal of Finance , 52 : 1791 – 1821 .
   Web of Science ®Google Scholar
• Collins , D. and Kothari , S. P. 1989 . An Analysis of Intertemporal and Cross-sectional Determinants of Earnings Response Coefficients . Journal of Accounting and Economics , 11 : 143 – 181 .
   Web of Science ®Google Scholar
• Dhaliwal , D. , Lee , K. and Fargher , N. 1991 . The Association between Unexpected Earnings and Abnormal Security Returns in the Presence of Financial Leverage . Contemporary Accounting Research , 8 : 20 – 41 .
   Google Scholar
• Easton , P. and Harris , T. 1991 . Earnings as an Explanatory Variable for Returns . Journal of Accounting Research , 29 ( 1 ) : 19 – 36 .
   Web of Science ®Google Scholar
• Easton , P. and Zmijewski , M. 1989 . Cross-sectional Variation in the Stock Market Response to Accounting Earnings Announcements . Journal of Accounting and Economics , 11 ( 2/3 ) : 117 – 141 .
   Web of Science ®Google Scholar
• Fan , J. and Wong , T. J. 2002 . Corporate Ownership Structure and the Informativeness of Accounting Earnings in East Asia . Journal of Accounting and Economics , 33 : 401 – 425 .
   Web of Science ®Google Scholar
• Francis , J. , Schipper , K. and Vincent , L. 2005 . Earnings and Dividend Informativeness when Cash Flow Rights are Separated from Voting Rights . Journal of Accounting and Economics , 39 : 329 – 360 .
   Web of Science ®Google Scholar
• Gompers , P. A. and Lerner , J. 1999 . The Venture Capital Cycle , Cambridge , MA : MIT Press .
   Google Scholar
• Gul , F. and Wah , L. K. 2002 . Insider Entrenchment, Board Leadership Structure and Informativeness of Earnings , City University of Hong Kong . working paper
   Google Scholar
• Hayn , C. 1995 . The Information Content of Losses . Journal of Accounting and Economics , 11 : 123 – 153 .
   Google Scholar
• Hellmann , T. and Puri , M. 2000 . The Interaction between Product Market and Financing Strategy: The Role of Venture Capital . Review of Financial Studies , 13 : 959 – 984 .
   Web of Science ®Google Scholar
• Hellmann , T. and Puri , M. 2002 . Venture Capital and the Professionalization of Startup Firms: Empirical Evidence . The Journal of Finance , 57 : 169 – 197 .
   Web of Science ®Google Scholar
• Hochberg , Y. 2005 . Venture Capital and Corporate Governance in the Newly Public Firm , Northwestern University . working paper
   Google Scholar
• Holthausen , R. and Verrecchia , R. 1988 . The Effects of Sequential Information Releases on the Variance of Price Changes in an Inter-temporal Asset Multi-asset Market . Journal of Accounting Research , 26 : 82 – 106 .
   Web of Science ®Google Scholar
• Imhoff , E. and Lobo , G. 1992 . The Effect of Ex Ante Earnings Uncertainty on Earnings Response Coefficients . The Accounting Review , 67 : 427 – 439 .
   Web of Science ®Google Scholar
• Jiambalvo , J. , Rajgopal , S. and Venkatachalam , M. 2002 . Institutional Ownership and the Extent to Which Stock Prices Reflect Future Earnings . Contemporary Accounting Research , 19 : 117 – 145 .
   Web of Science ®Google Scholar
• Kaplan , S. and Stromberg , P. 2002 . Characteristics, Contracts, and Action: Evidence from Venture Capital Analyses , University of Chicago . working paper
   Google Scholar
• Kothari , S. P. and Sloan , R. G. 1992 . Information in Prices about Future Earnings: Implications for Earnings Response Coefficients . Journal of Accounting and Economics , 15 : 143 – 171 .
   Web of Science ®Google Scholar
• Lacker , J. M. and Weinberg , J. A. 1989 . Optimal Contracts under Costly State Falsification . Journal of Political Economy , 97 : 1345 – 1363 .
   Web of Science ®Google Scholar
• Lee , P. M. and Wahal , S. 2004 . Grandstanding, Certification and the Underpricing of Venture Backed IPOs . Journal of Financial Economics , 73 : 375 – 407 .
   Web of Science ®Google Scholar
• Lerner , J. 1995 . Venture Capitalists and the Oversight of Public Firms . Journal of Finance , 50 : 301 – 318 .
   Web of Science ®Google Scholar
• Ljungqvist , A. and Wilhelm , W. J. 2003 . IPO Pricing in the Dot-Com Bubble . Journal of Finance , 58 : 723 – 752 .
   Web of Science ®Google Scholar
• Morsfield , S. G. and Tan , C. 2006 . Do Venture Capitalists Influence the Decision to Manage Earnings in Initial Public Offerings? . Accounting Review , 81 : 1119 – 1150 .
   Web of Science ®Google Scholar
• Megginson , W. and Weiss , K. 1991 . Venture Capitalist Certification in Initial Public Offerings . Journal of Finance , 46 : 879 – 903 .
   Web of Science ®Google Scholar
• Petersen , M. 2008 . Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches . Review of Financial Studies , forthcoming
   Google Scholar
• Sahlman , W. A. 1990 . The Structure and Governance of Venture Capital Organizations . Journal of Financial Economics , 27 : 473 – 521 .
   Web of Science ®Google Scholar
• Subramanyam , K. R. and Wild , J. 1996 . Going-concern Status, Earnings Persistence, and Informativeness of Earnings . Contemporary Accounting Research Spring , : 251 – 273 .
   Google Scholar
• Teoh , S. and Wong , T. J. 1993 . Perceived Auditor Quality and the Earnings Response Coefficient . The Accounting Review , 68 : 346 – 366 .
   Web of Science ®Google Scholar
• Warfield , T. , Wild , J. and Wild , K. 1995 . Managerial Ownership, Accounting Choices and Informativeness of Earnings . Journal of Accounting and Economics , 20 : 61 – 91 .
   Web of Science ®Google Scholar
• Yeo , G. , Tan , P. , Ho , K. and Chen , S. 2002 . Corporate Ownership Structure and the Informativeness of Earnings . Journal of Business, Finance and Accounting , 29 : 1023 – 1046 .
   Google Scholar