Venture Capital最新文献_第7页

Financing entrepreneurial activity in Uruguay: time to default in a public microcredit institution 乌拉圭企业活动融资:公共小额信贷机构违约的时间

IF 2.4 4区管理学

Venture Capital Pub Date : 2022-04-03 DOI: 10.1080/13691066.2022.2085070

María Nela Seijas-Giménez, Milagros Vivel-Búa, Rubén Lado-Sestayo, Sara Fernández‐López

引用次数: 1

“Let’s have a chat!”: a field study on relational governance in the evolution of new venture-accelerator relationships “我们聊聊天吧!”:对新型创业加速器关系演变中的关系治理的实地研究

IF 2.4 4区管理学

Venture Capital Pub Date : 2022-04-03 DOI: 10.1080/13691066.2022.2091493

Simon Nieschke, René Mauer

{"title":"“Let’s have a chat!”: a field study on relational governance in the evolution of new venture-accelerator relationships","authors":"Simon Nieschke, René Mauer","doi":"10.1080/13691066.2022.2091493","DOIUrl":"https://doi.org/10.1080/13691066.2022.2091493","url":null,"abstract":"ABSTRACT Cooperative behavior can facilitate successful relationships between new ventures and investors after investment but also during partner selection. This view may apply especially to accelerators, which differ from other investors by investments at the earliest venture-development stages, significant collaboration between new ventures and investors, and fast decision-making. However, prior research is insufficient to describe the role of relational governance between new ventures and accelerators. We conduct ethnographic research and twenty interviews to determine how relational governance is built into and influences how the new venture-accelerator relationship emerges. Our findings reveal that process-based trust and relational norms are developed earlier in this relationship than research from other investment contexts suggests. We derive a framework that indicates that actors include in their partner-selection processes elements that allow them to build these relational governance mechanisms, such as interacting (e.g., having a chat) and aligning future behavior, early on. We theorize that they do so because they cannot rely on ventures’ track records and seek partners with whom transactions can be defined in the short term and with whom significant collaboration is possible. Our work contributes to relational governance theory in new venture-investor relationships and recent efforts to understand accelerators.","PeriodicalId":46643,"journal":{"name":"Venture Capital","volume":"19 1","pages":"137 - 171"},"PeriodicalIF":2.4,"publicationDate":"2022-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81893875","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Entrepreneurial finance, agency problems and Islamic ethics: complementarities and constraints 创业金融、代理问题与伊斯兰伦理:互补性与约束

IF 2.4 4区管理学

Venture Capital Pub Date : 2022-01-02 DOI: 10.1080/13691066.2022.2067017

Habib Ahmed, Dalal Aassouli

引用次数: 5

Tell me something new: startup valuations, information asymmetry, and the mitigating effect of informational updates 告诉我一些新的东西:创业公司的估值，信息不对称，以及信息更新的缓解效应

IF 2.4 4区管理学

Venture Capital Pub Date : 2022-01-02 DOI: 10.1080/13691066.2022.2026744

Lukas Koenig, Julius Tennert

引用次数: 5

Retrospective overview of the journal venture capital using bibliometric approach 运用文献计量学方法回顾风险投资期刊

IF 2.4 4区管理学

Venture Capital Pub Date : 2022-01-02 DOI: 10.1080/13691066.2022.2051769

Vincenzo Capizzi, A. Paltrinieri, Debidutta Pattnaik, S Kumar

引用次数: 3

Women and entrepreneurial finance: a systematic review 妇女与创业融资:系统回顾

IF 2.4 4区管理学

Venture Capital Pub Date : 2021-10-02 DOI: 10.1080/13691066.2021.2010507

Priscilla Serwaah, Rotem Shneor

{"title":"Women and entrepreneurial finance: a systematic review","authors":"Priscilla Serwaah, Rotem Shneor","doi":"10.1080/13691066.2021.2010507","DOIUrl":"https://doi.org/10.1080/13691066.2021.2010507","url":null,"abstract":"ABSTRACT The intersection of gender and entrepreneurship has received growing attention in recent years from academics, practitioners, and policy makers. The current paper reviews research on what influences women’s demand for- and supply of entrepreneurial finance, while suggesting a conceptual approach untangling contradictory findings in earlier studies. This is achieved through a systematic literature review of 113 carefully selected papers, published between 1989 and 2019. Specifically, the review includes 77 studies dedicated to female access to finance, 32 studies on female investment behaviour, and 4 studies addressing both. We find that inconsistent findings can be traced to a combination of wide theoretical plurality in one-half of the studies and an absence of theoretical anchoring in the other half, calling for conceptual integration of existing theories with feminist critiques. Accordingly, we propose integrative conceptual frameworks highlighting the roles of explicit and symbolic factors impacting women’s access to- and investment of- financial resources. This approach led us to suggest that refocusing research on symbolic and intangible factors may help uncover new associations, otherwise obscured in earlier research. Furthermore, the inclusion of interaction terms with gender-related variables may also help untangle existing inconsistencies.","PeriodicalId":46643,"journal":{"name":"Venture Capital","volume":"42 1","pages":"291 - 319"},"PeriodicalIF":2.4,"publicationDate":"2021-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73526287","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 8

Zero-debt capital structure and the firm life cycle: empirical evidence from privately held SMEs 零债务资本结构与企业生命周期:来自民营中小企业的经验证据

IF 2.4 4区管理学

Venture Capital Pub Date : 2021-10-02 DOI: 10.1080/13691066.2021.2001700

Vivien Lefebvre

引用次数: 5

Business angel investing during the covid-19 economic crisis: evidence from Scotland 新冠肺炎经济危机期间的商业天使投资:来自苏格兰的证据

IF 2.4 4区管理学

Venture Capital Pub Date : 2021-10-02 DOI: 10.1080/13691066.2021.2019564

C. Mason, Tiago Botelho

{"title":"Business angel investing during the covid-19 economic crisis: evidence from Scotland","authors":"C. Mason, Tiago Botelho","doi":"10.1080/13691066.2021.2019564","DOIUrl":"https://doi.org/10.1080/13691066.2021.2019564","url":null,"abstract":"ABSTRACT The onset of the coronavirus pandemic in early 2020 quickly gave rise to a concern that the resulting economic uncertainty would produce a collapse in angel investing. In view of the critical role that business angels play in financing the start of the entrepreneurial pipeline, a decline in their investment activity would have a negative effect on the ability of entrepreneurs to start and commence the scaling process which, in turn, would compromise an entrepreneur-led economic recovery from the coronavirus pandemic. This paper draws on two unique data sources on investments made by business angels in Scotland before and since the onset of the pandemic. It shows that business angels continued to invest since the onset of the crisis although their investment activity declined sharply between Q2 and Q3 2020. Investment activity stabilising in Q4 and has significantly increased during 2021 and is now above pre-Covid levels. Angels have increased their emphasis on follow-on investments and in businesses that have raised one or more previous rounds of funding. This highlights a potential problem for entrepreneurs seeking to raise their first round of angel funding that policy-makers need to address.","PeriodicalId":46643,"journal":{"name":"Venture Capital","volume":"15 1","pages":"321 - 343"},"PeriodicalIF":2.4,"publicationDate":"2021-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81900333","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2

Social impact venture capital investing: an explorative study 社会影响风险投资:探索性研究

IF 2.4 4区管理学

Venture Capital Pub Date : 2021-09-22 DOI: 10.1080/13691066.2021.1982069

A. Croce, E. Ughetto, Giuseppe Scellato, F. Fontana

{"title":"Social impact venture capital investing: an explorative study","authors":"A. Croce, E. Ughetto, Giuseppe Scellato, F. Fontana","doi":"10.1080/13691066.2021.1982069","DOIUrl":"https://doi.org/10.1080/13691066.2021.1982069","url":null,"abstract":"ABSTRACT In this paper, we look at venture capital funds that invest in enterprises striving to achieve a positive societal impact (SIVCs). We observe that SIVCs are likely to pursue two different investment strategies. On the one hand, they select companies with negative profitability results but interesting growth patterns. On the other hand, they do not disregard more established companies with profits but a reduced prospect of growth at the time of the investment. We then assess the impact that these SIVCs have generated on invested firms: while we do not observe significant improvements in the sales figures, all the models show that total assets have been positively affected by the new equity raised. However, when we disentangle between short- and long-term effects, our analysis reveals that the effect of SIVCs on total assets is concentrated on the first years after the receipt of capital, while it disappears in the following years. A positive and significant effect of SIVCs on sales is instead found in the long run. The overall evidence seems to support the view that SIVCs favor the growth and transformation of target firms towards more capital intensive and scalable businesses.","PeriodicalId":46643,"journal":{"name":"Venture Capital","volume":"11 1","pages":"345 - 369"},"PeriodicalIF":2.4,"publicationDate":"2021-09-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74721740","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 5

Beyond market failure: rationales for regional governmental venture capital 超越市场失灵:区域政府风险投资的理由

IF 2.4 4区管理学

Venture Capital Pub Date : 2021-07-03 DOI: 10.1080/13691066.2021.1927341

J. Vogelaar, E. Stam

引用次数: 4