MAY 2004
Chicago GSB gratefully acknowledges the financial support of
Philip A. Canfield
Senior Principal
GTCR Golder Rauner, LLC
whose generous gift supports the publication and distribution of the Entrepreneurship series.


Entrepreneurs: Will They Stay or Will They Go?
Understanding Entrepreneurship Requires a Look at Both Context and Individual
Research by Stanislav D. Dobrev

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The Implications of Optimism
Why Investors Shouldn't Overlook an Entrepreneur's Outlook
Research by Augustin Landier

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Bargaining Power
Effective Venture Capital Contracts Come in Many Forms
Research by Steven N. Kaplan and Per Strömberg

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The Sophisticated Venture Capitalist
How Do Legal Differences and Experience Affect Financial Contracts?
Research by Steven N. Kaplan and Per Strömberg

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Private Equity Performance
Do Private Equity Funds Beat the Market?
Research by Steven N. Kaplan

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The Returns to Entrepreneurial Investment
Why Do Entrepreneurs Ignore the Poor Risk-Return Trade-offs of Private Equity Investing?
Research by Tobias J. Moskowitz

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When Smaller is Better
The Effect of Bank Size on Small-Business Lending
Research by Raghuram Rajan

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Tax Benefits in Acquisitions of Privately Held Corporations
The Way Companies are Organized for Tax Purposes Affects Their Selling Price in an Acquisition
Research by Merle Erickson