风险资本家集中的影响:重新审视风险资本的决定因素

IF 2.8 4区管理学 Q2 BUSINESS, FINANCE

Venture Capital Pub Date : 2022-12-06 DOI:10.1080/13691066.2022.2147876

E. Félix, J. Nunes, C. Pires

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引用次数: 2

摘要

摘要:本文通过风险资本均衡数量的简化模型(使用来自15个欧洲国家的汇总数据的联立方程模型)，分析了风险资本家集中度水平对风险资本供给的影响。研究表明，风险投资企业的集中度对风险投资供给具有正向影响，因此创造条件提高风险投资企业的集中度可以刺激风险投资供给。研究结果揭示了失业率和个人收入对风险投资需求的重要性，以及股票市值对风险投资供给的积极影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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The impact of concentration among venture capitalists: revisiting the determinants of venture capital

ABSTRACT This article analyzes the impact of the level of concentration among Venture Capitalists (VCs) on the supply of venture capital (VC), through the reduced form model for the equilibrium amount of VC (using a simultaneous equation model on aggregated data from 15 European countries). It is shown that the level of concentration among VCs has a positive effect on VC supply, so creating conditions to increase the level of concentration can stimulate VC supply. The findings reveal the importance of unemployment and personal income rate on VC demand and the positive impact of stock market capitalization on VC supply.

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来源期刊

Venture Capital BUSINESS, FINANCE-

CiteScore

4.10

自引率

16.70%

发文量

期刊介绍： Venture Capital publishes cutting edge research-based papers from academics and practitioners on all aspects of private equity finance such as: •institutional venture capital •informal venture capital •corporate venture capital •public sector venture capital •community venture capital It also covers all aspects of the venture capital process from investment decision to exit, including studies on: •investment patterns •investment decision-making •investment performance •realisation of investment value exit routes (including the relationship with junior capital markets such as NASDAQ, EASDAQ, AIM and Nouvelle March). •economic impact and public policy