Venture capitalist-backed vc-backed firms are less likely, Financial Management

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Venture capitalist-backed vc-backed firms are less likely

“Venture capitalist-backed (VC-backed) firms are less likely to encounter agency problems and financial difficulties than non-VC-backed firms” (quoted from Liao, Lu and Wang, 2014). Analyse the statement above. Relevant examples or illustrations should be given.

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