Venture Capital最新文献_第8页

Technological fit, control rights allocation, and innovation performance of corporate venture capital-backed enterprises 技术契合度、控制权配置与企业风险投资支持下的创新绩效

IF 2.4 4区管理学

Venture Capital Pub Date : 2021-04-20 DOI: 10.1080/13691066.2021.1905931

Lei Wang, H. Huang, Yunbi An

引用次数: 3

Ten meditations on government venture capital 关于政府风险投资的十大思考

IF 2.4 4区管理学

Venture Capital Pub Date : 2021-04-08 DOI: 10.1080/13691066.2021.1903677

Gordon Murray

引用次数: 6

Reviewing equity investors’ funding criteria: a comprehensive classification and research agenda 回顾股票投资者的融资标准:一个全面的分类和研究议程

IF 2.4 4区管理学

Venture Capital Pub Date : 2021-04-03 DOI: 10.1080/13691066.2021.1883211

Francesco Ferrati, M. Muffatto

{"title":"Reviewing equity investors’ funding criteria: a comprehensive classification and research agenda","authors":"Francesco Ferrati, M. Muffatto","doi":"10.1080/13691066.2021.1883211","DOIUrl":"https://doi.org/10.1080/13691066.2021.1883211","url":null,"abstract":"ABSTRACT Venture capitalists and angel investors usually apply a set of assessment criteria to evaluate the key elements of entrepreneurial projects. However, since each investor considers different criteria, previous researchers who analysed investors’ decision making, ended up analysing a variety of divergent aspects. In this paper, a systematic literature review on the assessment criteria applied by equity investors was carried out. The purpose of this study was to identify and classify all the criteria considered by previous researchers to determine whether some aspects were investigated more extensively than others and to understand the reasons for this type of approach. After screening the abstracts of 894 journal publications, 53 articles were selected for a detailed analysis. In total, 208 unique criteria were identified and were subsequently classified into 35 specific categories, 11 generic classes and 4 main domains of analysis. The high level of detail and granularity of this work is one of its added values and can provide a knowledge base for future researchers who intend to apply new methodologies for the analysis of investors’ decision-making. Starting from the results obtained so far, a new agenda for future research is suggested to encourage a more data-driven approach leveraging data science techniques.","PeriodicalId":46643,"journal":{"name":"Venture Capital","volume":"69 1","pages":"157 - 178"},"PeriodicalIF":2.4,"publicationDate":"2021-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83194802","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: 20

The influence of venture capital syndicate size on venture performance 风险投资财团规模对风险投资绩效的影响

IF 2.4 4区管理学

Venture Capital Pub Date : 2021-04-03 DOI: 10.1080/13691066.2021.1893933

Ji Youn (Rose) Kim, H. Park

{"title":"The influence of venture capital syndicate size on venture performance","authors":"Ji Youn (Rose) Kim, H. Park","doi":"10.1080/13691066.2021.1893933","DOIUrl":"https://doi.org/10.1080/13691066.2021.1893933","url":null,"abstract":"ABSTRACT Venture capital (VC) syndicates pool diverse resources from their members to accomplish the common goal of nurturing new ventures for a successful exit. Although the size of syndicate is a fundamental attribute impacting performance, the influence of syndicate size is less understood in prior studies with mixed findings. To address the gap, we suggest that there is an inverted U relationship between a syndicate size and venture performance. As the number of partners in a VC syndicate increases, a syndicate can provide more heterogeneous resources that can help its portfolio company succeed, but coordination costs increase as well. We thus predict that the net effect combining these two countervailing effects yields an inverse-U relationship between syndicate size and performance. We further examine two boundary conditions under which the nonlinear relationship is likely to manifest. Analyzing 407 investment syndicates formed by 1,106 VC firms for new ventures in the U.S. information and communications technology sector between 1990 and 2006, we find that the relationship between syndicate size and performance is an inverse-U shape. We further find that geographic distance among syndicate partners flattens the inverse-U curve, whereas a strong reputation of the lead VC firms shifts the inverse-U curve to the right.","PeriodicalId":46643,"journal":{"name":"Venture Capital","volume":"27 1","pages":"179 - 203"},"PeriodicalIF":2.4,"publicationDate":"2021-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81249995","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: 4

The role of corporate venture capital on returns to acquiring firms: evidence from the biotechnology industry 企业风险资本对收购公司回报的作用:来自生物技术行业的证据

IF 2.4 4区管理学

Venture Capital Pub Date : 2021-04-03 DOI: 10.1080/13691066.2021.1882722

Jay J. Janney, Naga Lakshmi Damaraju, Gregory G. Dess

引用次数: 2

Technology spillovers and capital gains in corporate venture capital investments: evidence from the biopharmaceutical industry 企业风险资本投资中的技术溢出和资本收益:来自生物制药行业的证据

IF 2.4 4区管理学

Venture Capital Pub Date : 2021-04-03 DOI: 10.1080/13691066.2021.1894749

Hyunsung D. Kang, Vikram Nanda, H. Park

引用次数: 4

A framework to assess the valuation techniques for new technology-based firms: a case in an emerging market 评估新技术公司估值技术的框架:一个新兴市场的案例

IF 2.4 4区管理学

Venture Capital Pub Date : 2021-01-15 DOI: 10.1080/13691066.2022.2128933

Hossein Dastkhan

{"title":"A framework to assess the valuation techniques for new technology-based firms: a case in an emerging market","authors":"Hossein Dastkhan","doi":"10.1080/13691066.2022.2128933","DOIUrl":"https://doi.org/10.1080/13691066.2022.2128933","url":null,"abstract":"ABSTRACT Valuation of new technology-based firms and startups is one of the main concerns of these Firms. The need to expand financial resources and evaluate the potential income of these firms increases the importance of the valuation of these firms for entrepreneurs and investors. In this paper, we represent a comprehensive framework to assess the strengths and the weaknesses of the valuation methods in NTBFs with a focus on the factors in the emerging markets. For this purpose, different valuation methods and their related criteria for NTBFs are extracted and evaluated by experts in terms of applicability and Sufficiency. We categorized the existing valuation methods to 4 different groups: “asset valuation methods”, “intellectual property valuation methods”, “technology valuation methods”, and “startups valuation methods”. Then, the importance of each criterion is determined using the analytical hierarchical process method. Finally, we used fuzzy TOPSIS to prioritize each category of valuation methods and identify their strengths and weaknesses. The results indicate which sets of valuation methods are the more preferred method for Iranian entrepreneurs and investors to evaluate different kinds of NTBFs. Besides, the results of the model on different criteria proposed different suggestions to improve the existing valuation methods.","PeriodicalId":46643,"journal":{"name":"Venture Capital","volume":"37 1","pages":"309 - 334"},"PeriodicalIF":2.4,"publicationDate":"2021-01-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78725858","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

Scout or coach? Value-added services as selection criteria in entrepreneurs’ venture capitalist selection 童子军还是教练?增值服务作为企业家选择风险资本的选择标准

IF 2.4 4区管理学

Venture Capital Pub Date : 2021-01-02 DOI: 10.1080/13691066.2020.1824603

C. Granz, Eva Lutz, Marisa Henn

引用次数: 7

The evolution of Venture Capital: from the early days to recent successes 风险投资的演变:从早期到最近的成功

IF 2.4 4区管理学

Venture Capital Pub Date : 2021-01-02 DOI: 10.1080/13691066.2021.1886660

Vincenzo Capizzi, C. Bellavitis, S. Johan

引用次数: 1

Revealing the underlying drivers of CVC performance— a literature review and research agenda 揭示CVC绩效的潜在驱动因素——文献综述和研究议程

IF 2.4 4区管理学

Venture Capital Pub Date : 2021-01-02 DOI: 10.1080/13691066.2021.1873210

G. Fels, M. Kronberger, T. Gutmann

引用次数: 6