Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review
Factors signalling the value of european high tech startups at acquisition. / Rogova, Elena; Tkachenko, Elena; Kopysov, Danil.
Proceedings of the 16th European Conference on Innovation and Entrepreneurship, ECIE 2021. ed. / Florinda Matos; Maria de Fátima Ferreiro; Isabel Salavisa; Álvaro Rosa. Academic Conferences and Publishing International Limited, 2021. p. 821-829 (Proceedings of the European Conference on Innovation and Entrepreneurship, ECIE).Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review
}
TY - GEN
T1 - Factors signalling the value of european high tech startups at acquisition
AU - Rogova, Elena
AU - Tkachenko, Elena
AU - Kopysov, Danil
PY - 2021
Y1 - 2021
N2 - The paper is dedicated to the effects of external (prior venture capital investments) and internal (education, prior work experience, number of founders) signalling effects of high tech European startups on the value of acquisition deals. The sample consists of 170 European high tech startups, which were acquired in the period from 2002 to 2018. Three hypotheses were developed: (1) both external and internal signals affect the value of acquisitions positively. (2) In different countries the effect of the signals is different. (3) When external and internal effects appear simultaneously, the effect is additive. To answer the research questions, we applied the regression analysis. The results show that (1) Some of the internal signals may have negative effect on the value of acquisitions. (2) In different countries the effects of the signals are different. (3) Such signals have a substantive effect.
AB - The paper is dedicated to the effects of external (prior venture capital investments) and internal (education, prior work experience, number of founders) signalling effects of high tech European startups on the value of acquisition deals. The sample consists of 170 European high tech startups, which were acquired in the period from 2002 to 2018. Three hypotheses were developed: (1) both external and internal signals affect the value of acquisitions positively. (2) In different countries the effect of the signals is different. (3) When external and internal effects appear simultaneously, the effect is additive. To answer the research questions, we applied the regression analysis. The results show that (1) Some of the internal signals may have negative effect on the value of acquisitions. (2) In different countries the effects of the signals are different. (3) Such signals have a substantive effect.
KW - Acquisitions as exits
KW - CEO background
KW - Signalling effects
KW - Signalling theory
KW - Venture-backed startups
UR - http://www.scopus.com/inward/record.url?scp=85121613778&partnerID=8YFLogxK
U2 - 10.34190/EIE.21.030
DO - 10.34190/EIE.21.030
M3 - Conference contribution
AN - SCOPUS:85121613778
SN - 9781914587153
T3 - Proceedings of the European Conference on Innovation and Entrepreneurship, ECIE
SP - 821
EP - 829
BT - Proceedings of the 16th European Conference on Innovation and Entrepreneurship, ECIE 2021
A2 - Matos, Florinda
A2 - Ferreiro, Maria de Fátima
A2 - Salavisa, Isabel
A2 - Rosa, Álvaro
PB - Academic Conferences and Publishing International Limited
T2 - 16th European Conference on Innovation and Entrepreneurship, ECIE 2021
Y2 - 16 September 2021 through 17 September 2021
ER -
ID: 99665609