Special Issues: 2009
Call For Papers
Journal of Economics and Business (JEB)
Special Issue: Venture Capital, Private Equity, and IPOs
Guest Editor: Thomas Chemmanur – Boston College
We solicit papers that analyze issues related to the role of venture capital and private equity in the governance of corporations and in their private versus public decisions. One important question is the role played by venture capitalists in nurturing private firms and in their going public decisions. A second important question is whether private equity firms indeed add value to publicly held firms by taking them private, and if so, the mechanisms through which they add value. A related question is the role of various institutional investors, intermediaries, and financial market structure in the going public process of firms and how this process can be reformed (e.g., by more extensive use of IPO auctions or through innovative IPO structures). This special issue focuses broadly on understanding the public/private trade-off and the role of entrepreneurs, various intermediaries, institutional investors, and financial markets on the governance of private firms (and of public firms in the years immediately after IPO or after they are taken private through a leveraged buyout).
Possible paper topics include, but are not limited to:
- The determinants of venture investments in private firms
- The role of venture capitalists in private firms and in their going public decisions
- The role of the entrepreneur and controlling shareholders
- The role of other intermediaries like banks and angel investors
- Institutional investors and IPOs
- The role of private equity firms and hedge funds in creating value for corporations
- The effect of ownership structure on IPO valuation and post-IPO performance
- The role of market structure and listing in multiple markets (global IPOs).
- The role of anti-takeover provisions in the corporate charter of IPO firms
- Potential reforms of the going public process and the role of innovative IPO structures
- Governance and board structure of firms going public
- The determinants of the choice of underwriters in IPOs and its effects on firm performance
- The role of private equity and venture capital in emerging markets
Both theoretical and empirical papers are welcome. Papers should be submitted electronically online to the Journal of Economics and Business (JEB) at http://ees.elsevier.com/jeb/. Authors should select "Special Issue: Venture Capital" when asked to indicate the "Article Type" in the submission process. All papers will be refereed and the first review will be completed within 100 days of the receipt of the manuscript. Note that there is no submission fee. The deadline for submission is September 1, 2008. The special issue will be published in 2009.