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Document type:
Zeitschriftenaufsatz 
Author(s):
Achleitner, A.K.; Braun, R.; Lutz, E.; Reiner, U. 
Non-TUM Co-author(s):
nein 
Cooperation:
Title:
Industry relatedness in trade sales and venture capital investment returns 
Abstract:
We investigate relationships between the industry relatedness of venture capital-backed companies and their strategic acquirer in trade sales and the achieved investment returns of venture capitalists. Using a proprietary data set of 716 trade sales, we analyze return differences between lateral and synergetic trade sales, as well as between horizontal and vertical trade sales. We find that venture capitalists achieve higher returns with lateral rather than synergetic trade sales, and that the d...    »
 
Intellectual Contribution:
Discipline-based Research 
Journal title:
Small Business Economics 
Journal listet in FT50 ranking:
nein 
Year:
2014 
Pages contribution:
1-17 
Print-ISSN:
0921-898X 
Key publication:
Nein 
Peer reviewed:
Ja 
International:
Ja 
Book review:
Nein 
Commissioned:
not commissioned 
Professional Journal:
Nein 
Interdisciplinarity:
Nein 
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