The discrepancy in the venture capital western industries: analyzing the impact of capital markets and exit strategy in American and European sectors
Aito, Michele (A.A. 2022/2023) The discrepancy in the venture capital western industries: analyzing the impact of capital markets and exit strategy in American and European sectors. Tesi di Laurea in Advanced corporate finance, Luiss Guido Carli, relatore Pierluigi Murro, pp. 92. [Master's Degree Thesis]
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Abstract/Index
Venture capital. History and development of venture capital. Venture capital structure and actors. Venture capital investment phase cycle. Start-up valuation methodologies and performance measurement. Startu-ps market and role of venture capital in USA and Europe. The role of venture capital in the startups market. Overview on American and European venture capital and star-up environment. Analysis of “Unicorns”. Regulatory framework. The consequential impact of exit strategy on Venture capital industry development. Preeminent approach to exit strategy: IPO and M&A. Predominant drivers behind massive usage of trade sales in the European VCs industry. Reasons behind large use of IPO as exit strategy in USA. Impact of the selection of exit strategy on development of the industry. Role of capital markets on venture capital industry trajectory. Overview on European and American capital markets. Bank system influence on European venture capital industry. Impact of market-based system on VC-industry: focus on NASDAQ. Link between strong stock market and IPO volume. Analysis and discussion. Data gathering: venture capital industry volumes, VC-backed IPOs and stock market returns of United States and bigger European nations. Regression analysis: quantifying the influence of initial public offerings on the scale and magnitude of the venture capital industry. Regression analysis: assessing the influence of capital market efficiency and liquidity on the magnitude and volumes of the venture capital industry.
References
Bibliografia: pp. 89-92.
| Thesis Type: | Master's Degree Thesis |
|---|---|
| Institution: | Luiss Guido Carli |
| Degree Program: | Master's Degree Programs > Master's Degree program in Corporate Finance, English language (LM-77) |
| Chair: | Advanced corporate finance |
| Thesis Supervisor: | Murro, Pierluigi |
| Thesis Co-Supervisor: | Vulpiani, Marco |
| Academic Year: | 2022/2023 |
| Session: | Extraordinary |
| Deposited by: | Alessandro Perfetti |
| Date Deposited: | 18 Jul 2024 12:37 |
| Last Modified: | 18 Jul 2024 12:37 |
| URI: | https://tesi.luiss.it/id/eprint/39404 |
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