Mutual Funds as Venture Capitalists? Evidence from Unicorns
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Using novel contract-level data, we study the recent trend in open-end mutual funds investing in unicornshighly valued, privately held start-upsand the consequences of these investments for corporate governance provisions. Larger funds and those with more stable funding are more likely to invest in
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美国国家经济研究局创建时间：
2017-10-01
