Buybacks as an efficient strategy for venture capital in emerging markets

Lanfang Wang and Susheng Wang

Pacific-Basin Finance Journal, 2017, vol. 43, issue C, 107-123

Abstract: Special circumstances in emerging markets call for special strategies for venture capitalists. In emerging markets, venture capitalists are often observed to exit through buybacks. This paper develops a theory and provides empirical evidence on such joint ventures. We show that buybacks can be an efficient solution in emerging markets. We also find supporting evidence from the China market.

Keywords: Buybacks; Emerging markets; Venture capitalists (search for similar items in EconPapers)
JEL-codes: G11 G24 G34 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:pacfin:v:43:y:2017:i:c:p:107-123

DOI: 10.1016/j.pacfin.2017.03.002

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