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dc.contributor.authorMatanova, Natalia
dc.contributor.authorSteigner, Tanja
dc.contributor.authorSutton, Ninon
dc.contributor.authorThompson, Linh
dc.date.accessioned2021-11-23T15:08:43Z
dc.date.available2021-11-23T15:08:43Z
dc.date.issued2022en_US
dc.identifier.issn1062-9408
dc.identifier.doi10.1016/j.najef.2021.101597
dc.identifier.urihttp://hdl.handle.net/20.500.12127/6988
dc.description.abstractThis paper examines the influence of private equity (PE) and venture capital (VC) ownership on the post-initial public offering (IPO) performance of newly-public acquirers. Our results show that acquirers with PE- or VC-backing at the time of the IPO perform better long-term than acquirers without such backing. More importantly, while acquirers without financial backing experience negative long-run returns from first-year acquisitions, acquirers with continued PE- and VC-backing perform significantly better when making acquisitions within the first year after going public. However, acquiring firms and investors should be aware that for mergers in the second and third year post-IPO, continued VC ownership has a detrimental long-term impact. In contrast, higher levels of continued PE ownership tend to have a positive relationship with long-run performance.en_US
dc.language.isoenen_US
dc.publisherElsevieren_US
dc.subjectPrivate Equityen_US
dc.subjectVenture Capitalen_US
dc.subjectIPOen_US
dc.subjectM&Aen_US
dc.titleThe influence of private equity and venture capital on the post-IPO performance of newly-public acquirersen_US
dc.identifier.journalThe North American Journal of Economics and Financeen_US
dc.source.volume59en_US
dc.contributor.departmentDepartment of Accounting, Information Systems, and Finance, School of Business, Emporia State University, Emporia, KS, USAen_US
dc.contributor.departmentDepartment of Finance, Muma College of Business, University of South Florida, Tampa, FL, USAen_US
dc.contributor.departmentDepartment of Economics and Finance, College of Business, University of Texas at El Paso, El Paso, TX, USAen_US
vlerick.knowledgedomainAccounting & Financeen_US
vlerick.typearticleJournal article with impact factoren_US
vlerick.vlerickdepartmentAFen_US
dc.identifier.vperid274613en_US


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