New Directions in Research on Venture Capital Finance
综述了风险资本领域的最新研究，包括融资阶段、辛迪加使用、投资筛选和IPO参与，并指出了未来研究方向。
This paper surveys recent research on venture capital and suggests directions for future research. There is new empirical evidence in the field, and new theoretical models have resolved some issues. The paper selectively examines recent findings, particularly models and empirical work about staging of financing, the use of syndicates, the process of screening investments, and participation by venture capitalists in IPOs. Finally, the paper identifies some of the remaining issues for which new research is needed.