NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

A survey of venture capital research

Marco Da Rin, Thomas F. Hellmann, Manju Puri

NBER Working Paper No. 17523
Issued in October 2011
NBER Program(s):   CF   PR

This survey reviews the growing body of academic work on venture capital. It lays out the major data sources used. It examines the work on venture capital investments in companies, looking at issues of selection, contracting, post-investment services and exits. The survey considers recent work on organizational structures of venture capital firms, and the relationship between general and limited partners. It discusses the work on the returns to venture capital investments. It also examines public policies, and the role of venture capital in the economy at large.

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Document Object Identifier (DOI): 10.3386/w17523

Published: in George Constantinides, Milton Harris, and René Stulz (eds.) Handbook of the Economics of Finance. Volume 2, Part A, 2013, Pages 573–648

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