Risk-adjusted Performance of Convertible Venture Investments:
          Failure and Valuation Risks & Search by Entrepreneurs
                        G.S. Pandher
                     Odette School of Business
                      University of Windsor
                       401 Sunset Avenue
                   Windsor, Ontario N9B 3P4, Canada
                          Abstract
The paper studies the risk-adjusted performance of convertible venture investments subject to
failure and valuation r ...