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Masulis Nahata (2011) - Venture Capital Conflicts Of Interest (view source)
Revision as of 18:31, 20 July 2012
, 18:31, 20 July 2012→Measures
Dependent vars are:
*CARs: 5 day, subtraction model (<math>\sum AR_i-AR_m</math>)
*Deal Premia, measured as <math>\log\left(\frac{Price}{Target\;Book\;Val.\;Assets}\right)</math>
Primary explanatory vars are:
*VC liquidity (Near fund end=1, otherwise=0... How near not defined).
*VC Self-dealing (VC has stake in acquirer)
*CVC strategic focus (same 2dg SIC as parent,
==Methodology==
