Search Results - "Hochberg, Yael V."

Whom You Know Matters: Venture Capital Networks and Investment Performance by HOCHBERG, YAEL V., LJUNGQVIST, ALEXANDER, LU, YANG

“…Many financial markets are characterized by strong relationships and networks, rather than arm's-length, spot market transactions. We examine the performance…”
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Incentives, Targeting, and Firm Performance: An Analysis of Non-executive Stock Options by Hochberg, Yael V., Lindsey, Laura

“…We examine whether options granted to non-executive employees affect firm performance. Using new data on option programs, we explore the link between…”
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Venture Capital and Corporate Governance in the Newly Public Firm by Hochberg, Yael V.

“…I examine the effects of venture capital backing on the corporate governance of the entrepreneurial firm at the time of transition from private to public…”
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Resource accumulation through economic ties: Evidence from venture capital by Hochberg, Yael V., Lindsey, Laura A., Westerfield, Mark M.

“…Ties between similar partners in economic and financial networks are often attributed to concerns about agency costs. In this paper, we distinguish the…”
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The design of startup accelerators by Cohen, Susan, Fehder, Daniel C., Hochberg, Yael V., Murray, Fiona

“…•Landscape of U.S. accelerators across time, space, and variation in design.•Analyzes variations in their critical design features.•Presents correlations…”
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Civic capital and social distancing during the Covid-19 pandemic by Barrios, John M., Benmelech, Efraim, Hochberg, Yael V., Sapienza, Paola, Zingales, Luigi

“…•Civic capital is associated with higher social distancing compliance during COVID-19.•This holds across US counties, a survey of US individuals, and European…”
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Risk perceptions and politics: Evidence from the COVID-19 pandemic by Barrios, John M., Hochberg, Yael V.

“…Politics may color interpretations of facts, and thus perceptions of risk. We find that a higher share of Trump voters in a county is associated with lower…”
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Patent collateral, investor commitment, and the market for venture lending by Hochberg, Yael V., Serrano, Carlos J., Ziedonis, Rosemarie H.

“…We explore the market for lending to start-ups and two mechanisms that facilitate trade within it: (1) the salability of patent collateral and (2) the credible…”
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Political Representation and Governance: Evidence from the Investment Decisions of Public Pension Funds by ANDONOV, ALEKSANDAR, HOCHBERG, YAEL V., RAUH, JOSHUA D.

“…Representation on pension fund boards by state officials—often determined by statute decades past—is negatively related to the performance of private equity…”
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Launching with a parachute: The gig economy and new business formation by Barrios, John M., Hochberg, Yael V., Yi, Hanyi

“…We utilize the staggered arrival of Uber and Lyft—large sources of on-demand, platform-enabled gig opportunities—in U.S. cities to examine the effect of the…”
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The cost of convenience: Ridehailing and traffic fatalities by Barrios, John M., Hochberg, Yael V., Yi, Hanyi

“…We examine the effect of the introduction of ridehailing in US cities on fatal traffic accidents. The arrival of ridehailing is associated with an…”
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Networking as a Barrier to Entry and the Competitive Supply of Venture Capital by HOCHBERG, YAEL V., LJUNGQVIST, ALEXANDER, LU, YANG

“…We examine whether strong networks among incumbent venture capitalists (VCs) in local markets help restrict entry by outside VCs, thus improving incumbents'…”
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Informational Holdup and Performance Persistence in Venture Capital by Hochberg, Yael V., Ljungqvist, Alexander, Vissing-Jørgensen, Annette

“…Why don't VCs eliminate excess demand for follow-on funds by raising fees? We propose a model of learning that leads to informational holdup. Current investors…”
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The rise of dual-class stock IPOs by Aggarwal, Dhruv, Eldar, Ofer, Hochberg, Yael V., Litov, Lubomir P.

“…We create a novel dataset to examine the recent rise in dual-class IPOs. We document that dual-class firms have different types of controlling shareholders and…”
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Local Overweighting and Underperformance: Evidence from Limited Partner Private Equity Investments by Hochberg, Yael V., Rauh, Joshua D.

“…Institutional investors exhibit substantial home-state bias in private equity. This effect is particularly pronounced for public pension funds, where…”
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Market Timing and Investment Selection: Evidence from Real Estate Investors by Hochberg, Yael V., Mühlhofer, Tobias

“…We examine commercial real estate fund managers’ abilities to generate abnormal profits through selection of outperforming property submarket segments or…”
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Accelerating Entrepreneurs and Ecosystems: The Seed Accelerator Model by Hochberg, Yael V.

“…Recent years have seen the emergence of a new institutional form in the entrepreneurial ecosystem: the seed accelerator. These fixed-term, cohort-based “boot…”
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Is Ipo Underperformance a Peso Problem? by Ang, Andrew, Gu, Li, Hochberg, Yael V.

“…Recent studies suggest that the underperformance of IPOs in the post-1970 sample may be a small sample effect or “Peso problem.” That is, IPO underperformance…”
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Intangible but bankable by Hochberg, Yael V., Serrano, Carlos, Ziedonis, Rosemarie

“…VC (venture capital) investors play a vital intermediary role in lending relations with risky startups. Attempts to stimulate entrepreneurial activity through…”
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A Lobbying Approach to Evaluating the Sarbanes-Oxley Act of 2002 by HOCHBERG, YAEL V., SAPIENZA, PAOLA, VISSING-JØRGENSEN, ANNETTE

“…We evaluate the impact of the Sarbanes-Oxley Act (SOX) on shareholders by studying the lobbying behavior of investors and corporate insiders in order to affect…”
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