Business, Management and Accounting
4 years ago

Venture capitalists increase oversight on private firms during CEO turnover.

2 views
The Journal of Finance
Venture Capitalists and the Oversight of Private Firms
Josh Lerner

Paper Summary

The article looks at how venture capitalists oversee private firms they invest in. When a CEO changes, venture capitalists become more involved on the board. They tend to be closer to local firms they oversee.

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