Venture Capital and Firm Performance

This book provides an analysis of the impact on underpricing and long-term performance of venture capital in IPOs, and of the ownership characteristics of venture capital companies. It investigates the performance of IPOs in Korea during the dot-com bubble-and-bust period. This book is a useful reference to those interested in promoting an active KOSDAQ type of stock market, and in understanding how venture capitalists and their institutional affiliation may reduce information asymmetry and add value of IPO firms.