Study of the Influence of PE/VC Fund Contributions: Analysis of IPO Performance and Innovation

This study focuses on PE/VC funds and IPOs in Brazil. The main focus is to verify whether PE/VC contributions lead companies to perform better. To verify market and accounting performance, secondary data from indices available on Economática were used. The sample was limited to companies that went public during the period from 2004 to 2010 on the BMF&BOVESPA. The methodological approach is quantitative. Non-parametric tests showed that companies that received PE/VC funding perform better in the market. There was insufficient evidence to verify whether companies that received PE/VC funding performed better in accounting terms.