Post-Exit Performance of VC-Backed Entrepreneurial Firms: Insights of the German Market


  • Wolf R. Schmuhl

    Corresponding author
    1. Helmut-Schmidt-University, Hamburg, Germany
    • Institute of Business Administration and International Finance, Helmut-Schmidt-University, Holstenhofweg 85, 22043 Hamburg, Germany
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  • JEL classification codes: G24, G30, G34.


Taking into account the interests of the entrepreneurial firm, M&A seem to be a more suitable alternative in comparison to IPOs.