Professor B. Espen Eckbo holds the Tuck Centennial Chair in Finance. He is also Faculty Director of Tuck's Lindenauer Center for Corporate Governance, which he founded in 1999. He teaches advanced MBA courses in the areas of corporate finance, corporate takeovers and international corporate governance. Professor Eckbo, who received a PhD in financial economics from the University of Rochester in 1981, has published extensively in the top finance journals in the areas of corporate finance, investment banking, and the market for corporate control. He is a recipient of an honorary doctoral degree from the Norwegian School of Economics, the prestigious Batterymarch Fellowship, as well as several outstanding-paper awards. He is a research Associate of the European Corporate Governance Institute (ECGI), and a frequent keynote and invited seminar speaker. He was called in 2009 by the U.S. Congress to testify on issues concerning the government’s large equity ownership positions in companies rescued under the Troubled Asset Relief Program (TARP). Gordon M. Phillips is at Tuck School of Business, Dartmouth College, NH, USA Morten Sorensen works at Tuck School of Business, Dartmouth College, New Hampshire, USA

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• PART I Early-stage financing1. The contracting and valuation of venture capital-backed companiesWill Gornall and Ilya A. Strebulaev2. Venture capital and innovationJosh Lerner and Ramana Nanda3. Small firm financing: Sources, frictions, and policy implicationsRamana Nanda and Gordon PhillipsPART II Later stage financing4. Private equity financingVictoria Ivashina5. Buyouts: A primerTim Jenkinson, Hyeik Kim, and Michael S. Weisbach6. Gender and race in entrepreneurial financeMichael EwensPART III Impact and performance7. Stakeholder impact of private equity investmentsMorten Sorensen and Ayako Yasuda8. Risk and return in private equityArthur KortewegPART IV Short chapter summariesShort chapter summaries

Professor B. Espen Eckbo holds the Tuck Centennial Chair in Finance. He is also Faculty Director of Tuck's Lindenauer Center for Corporate Governance, which he founded in 1999. He teaches advanced MBA courses in the areas of corporate finance, corporate takeovers and international corporate governance. Professor Eckbo, who received a PhD in financial economics from the University of Rochester in 1981, has published extensively in the top finance journals in the areas of corporate finance, investment banking, and the market for corporate control. He is a recipient of an honorary doctoral degree from the Norwegian School of Economics, the prestigious Batterymarch Fellowship, as well as several outstanding-paper awards. He is a research Associate of the European Corporate Governance Institute (ECGI), and a frequent keynote and invited seminar speaker. He was called in 2009 by the U.S. Congress to testify on issues concerning the government’s large equity ownership positions in companies rescued under the Troubled Asset Relief Program (TARP). Gordon M. Phillips is at Tuck School of Business, Dartmouth College, NH, USA Morten Sorensen works at Tuck School of Business, Dartmouth College, New Hampshire, USA

Select Guide Rating

• PART I Early-stage financing1. The contracting and valuation of venture capital-backed companiesWill Gornall and Ilya A. Strebulaev2. Venture capital and innovationJosh Lerner and Ramana Nanda3. Small firm financing: Sources, frictions, and policy implicationsRamana Nanda and Gordon PhillipsPART II Later stage financing4. Private equity financingVictoria Ivashina5. Buyouts: A primerTim Jenkinson, Hyeik Kim, and Michael S. Weisbach6. Gender and race in entrepreneurial financeMichael EwensPART III Impact and performance7. Stakeholder impact of private equity investmentsMorten Sorensen and Ayako Yasuda8. Risk and return in private equityArthur KortewegPART IV Short chapter summariesShort chapter summaries

Professor B. Espen Eckbo holds the Tuck Centennial Chair in Finance. He is also Faculty Director of Tuck's Lindenauer Center for Corporate Governance, which he founded in 1999. He teaches advanced MBA courses in the areas of corporate finance, corporate takeovers and international corporate governance. Professor Eckbo, who received a PhD in financial economics from the University of Rochester in 1981, has published extensively in the top finance journals in the areas of corporate finance, investment banking, and the market for corporate control. He is a recipient of an honorary doctoral degree from the Norwegian School of Economics, the prestigious Batterymarch Fellowship, as well as several outstanding-paper awards. He is a research Associate of the European Corporate Governance Institute (ECGI), and a frequent keynote and invited seminar speaker. He was called in 2009 by the U.S. Congress to testify on issues concerning the government’s large equity ownership positions in companies rescued under the Troubled Asset Relief Program (TARP). Gordon M. Phillips is at Tuck School of Business, Dartmouth College, NH, USA Morten Sorensen works at Tuck School of Business, Dartmouth College, New Hampshire, USA

Select Guide Rating

• PART I Early-stage financing1. The contracting and valuation of venture capital-backed companiesWill Gornall and Ilya A. Strebulaev2. Venture capital and innovationJosh Lerner and Ramana Nanda3. Small firm financing: Sources, frictions, and policy implicationsRamana Nanda and Gordon PhillipsPART II Later stage financing4. Private equity financingVictoria Ivashina5. Buyouts: A primerTim Jenkinson, Hyeik Kim, and Michael S. Weisbach6. Gender and race in entrepreneurial financeMichael EwensPART III Impact and performance7. Stakeholder impact of private equity investmentsMorten Sorensen and Ayako Yasuda8. Risk and return in private equityArthur KortewegPART IV Short chapter summariesShort chapter summaries