Venture Capital Financing and Methods of Payment in Mergers and Acquisitions.
| Project/Area Number |
20K13530
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| Research Category |
Grant-in-Aid for Early-Career Scientists
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| Allocation Type | Multi-year Fund |
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| Review Section |
Basic Section 07060:Money and finance-related
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| Research Institution | Waseda University |
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Principal Investigator |
NGUYEN GIANG 早稲田大学, 政治経済学術院, その他(招聘研究員) (70835462)
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| Project Period (FY) |
2020-04-01 – 2024-03-31
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| Project Status |
Granted (Fiscal Year 2022)
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| Budget Amount *help |
¥3,770,000 (Direct Cost: ¥2,900,000、Indirect Cost: ¥870,000)
Fiscal Year 2023: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2022: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2021: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2020: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
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| Keywords | venture capital / method of payment / social network / Venture Capital / Method of Payment / Merger and Acquisition / Syndication / Premium / Long-term Performance |
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| Outline of Research at the Start |
This research project investigates the decision of Venture Capital firms (VCs) to choose equity or cash proceeds when they exit their investments through mergers and acquisitions. We raise and answer following questions: Do VCs prefer cash or equity when they exit via mergers and acquisitions? How do VCs’ investment preferences affect the decision to hold acquirer shares? Which types of VCs prefer stock offers? How does the choice of payment by VCs affect the performance of buyers in the short-term and long-term.
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| Outline of Annual Research Achievements |
- The working manuscript "Venture capital and methods of payment in mergers and acquisitions" is currently R&R at the Journal of Business Finance and Accounting.
- Other working papers have been presented at conferences and seminars, including "Social networks and venture capital around the world" at Hitotsubashi University. - Some new investigation in the area of social networks and venture capital investments is in progress.
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| Current Status of Research Progress |
Current Status of Research Progress
2: Research has progressed on the whole more than it was originally planned.
Reason
The working manuscript receives positive signals to be published at high-impacted journal. The other working projects receive attention from
public audiences and academic researchers.
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| Strategy for Future Research Activity |
Answering all comments from the reviewers and publish the paper at the Journal of Business Finance and Accounting (ABDC A* ranked). Deliver speech at some domestic conferences.
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Report
(3 results)
Research Products
(5 results)
