Research Summary
Research Summary
Venture Capital Organizations and Entrepreneurial Finance
By: Paul A. Gompers
Description
Paul A. Gompers is examining corporate control and governance issues in
venture capital organizations and entrepreneurial firms in an effort to
understand how their relationships with their investors affect the venture
capitalists' investment decisions. Using theoretical models, large-sample
empirical research, and field-based case studies, Gompers is examining
the governance structures-covenants, restrictions, and compensation-employed
in venture capital organizations. He is also examining the relationships
between venture capitalists and the entrepreneurs they finance in an effort
to identify the control mechanisms the former employ to influence the latter,
and is attempting to identify the determinants of success and failure in
venture capital-backed companies. Gompers is developing from his findings
course materials on venture capital and entrepreneurial finance.