caa a22 4500 467994234 CHVBK 20180323112553.0 cr unu---uuuuu 170328e19900601xx s 000 0 eng 10.1007/BF00389669 doi (NATIONALLICENCE)springer-10.1007/BF00389669 Yazdipour Rassoul School of Business, California State University, 93740, Fresno, CA, U.S.A. aut An empirical analysis of the market for formal venture capital: Evidence from the U.S [Elektronische Daten] [Rassoul Yazdipour] The objective of this paper is to conduct an empirical analysis of the risk-return relationships in the formal venture capital market and compare such relationships with the trade-offs available through comparable investment vehicles. Based on ten years of market data, the performance of the venture capital companies (VCCs) is compared with that of the mutual funds as well as the broad market index. Test results from our study show that on average the VCCs well outperformed the comparable mutual funds as well as the market benchmark. The VCCs had the same level of risk as the high-growth mutual funds but yielded 9.5% more return on an annual basis. When ranked according to their performances, the VCCs occupied the top of the list. Kluwer Academic Publishers, 1990 Small Business Economics Kluwer Academic Publishers 2/2(1990-06-01), 89-94 0921-898X 2:2<89 1990 2 11187 https://doi.org/10.1007/BF00389669 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/BF00389669 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Yazdipour Rassoul School of Business, California State University, 93740, Fresno, CA, U.S.A aut NATIONALLICENCE 773 0- Small Business Economics Kluwer Academic Publishers 2/2(1990-06-01), 89-94 0921-898X 2:2<89 1990 2 11187 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer