SEMINARSERIEN I ØKONOMI OG FINANS VED HANDELSHØGSKOLEN I STAVANGER
Velkommen til åpent seminar onsdag 11. september med Michael Ewens, Tepper School of Business, Carnegie Mellon University.
This paper investigates whether individual venture capitalists have repeatable investment skill and to what extent their skill is impacted by the VC firm where they work. We examine a unique dataset that tracks the performance of individual venture capitalists' investments across time and as they move between firms. We find evidence of skill and exit style differences even among venture partners investing at the same VC firm at the same time. Furthermore, our estimates suggest the partner's human capital is two to five times more important than the VC firm's organizational capital in explaining performance.
Sted: Ellen & Axel Lunds hus rom H-125
Tid: Onsdag 11. september kl 11:30-12:30.