May the Force be With You: Investor Power and Company Valuations
收藏NBER2018-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w25211
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资源简介：
This paper examines the effect of investor power in a model of staged equity financing. It shows how the usual effect where market power reduces valuations can be reversed in later rounds. Once they become insiders, powerful investors may use their market power to increase, not decrease valuations.
提供机构：
美国国家经济研究局
创建时间：
2018-11-01
