
PRINT THIS PAGE Contracts and exits in venture capital finance10/06/2003. Source: University of Alberta School of Business. Douglas Cumming 
Venture capital transactions and exit strategies vary significantly from deal to deal. Douglas Cumming of the University of Alberta School of Business evaluates the interaction between these two activities in the European market.
This paper provides an in depth analysis of functional differences in financial contracts and a normative analysis of the performance of different investments in terms of the exit vehicle selected, exploring the correlation between both ends of the venture process.
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Douglas Cumming, B.Com.(Hons.) (McGill), M.A. (Queen's), J.D. (Toronto), Ph.D. (Toronto), CFA, is an Assistant Professor of Finance, Economics and Law at the University of Alberta School of Business. Contact address: School of Business, University of Alberta, Edmonton, Alberta, Canada T6G 2R6, Tel: 1-780-492-0678, Fax: 1-780-492-3325, E-mail: Douglas.Cumming@ualberta.ca, or visit www.bus.ualberta.ca/dcumming

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