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The role of personality traits in entrepreneurial finance Venture Capital (IF 3.531) Pub Date : 2024-02-19 Anita Quas, Yan Alperovych, Benjamin Le Pendeven
Published in Venture Capital: An International Journal of Entrepreneurial Finance (Vol. 26, No. 2, 2024)
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Venture capital and high-tech start-ups in Europe: a systematic review of the empirical evidence Venture Capital (IF 3.531) Pub Date : 2024-02-14 Smaranda Pantea, Marcel Tkacik
Empirical literature on venture capital (VC) and VC-related policies posit that VC can play a major role in helping high-tech start-ups grow and innovate. Motivated by the VC policies recently adop...
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“In this together”: on the antecedents and implications of crowdfunding community identification and trust Venture Capital (IF 3.531) Pub Date : 2024-02-05 Prince Baah-Peprah, Rotem Shneor, Ziaul Haque Munim
Despite references to crowdfunding as a community-embedded phenomenon, few studies explore the antecedents and implications of crowdfunding communities. This study suggests community identification...
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When personality pays: observer rating of personality and financial success of equity crowdfunded startups Venture Capital (IF 3.531) Pub Date : 2024-01-15 Andrew Isaak, Julia Neuhaus, Denefa Bostandzic
This study investigates the value of third-party ratings of personality in investor pitches for predicting the investment intention and successful equity crowdfunding of U.S.-based startups. Based ...
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Factors influencing US equity-crowdfunded companies’ ability to survive Venture Capital (IF 3.531) Pub Date : 2024-01-04 Samela Kivilo, Antons Tesliuks, Ágnes Lublóy
This study investigates the factors being associated with equity-crowdfunded companies’ likelihood of survival in the US. We focus on factors observable to crowdinvestors, either being set by entre...
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A survey of cross-border venture capital research Venture Capital (IF 3.531) Pub Date : 2024-01-02 Thomas Boryniec, Chenxi Li, Yi Tan
Cross-border venture capital (CBVC) research is becoming increasingly important due to globalisation and its role as a key economic driver of development. As a result, the interest in the domain ha...
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A bibliometric review of early-stage entrepreneurial equity financing: an overview and future research agenda Venture Capital (IF 3.531) Pub Date : 2023-12-21 Yucheng Zhang, Dan Wang, Miles M. Yang, Jing Li, Siqi Liu
Rich research on the sources of entrepreneurial capital has gradually been developed in the field of entrepreneurial equity financing. However, diverse and segmented research approaches hinder our ...
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Micro, Small & Medium Enterprises’ need for digitization to counteract COVID-19: From “nice-to-have” to “must-have”? Venture Capital (IF 3.531) Pub Date : 2023-11-24 Francisco Bastida, Mohammad Nurunnabi, Vaughan Scott
The impact of COVID-19 on Micro, Small & Medium Enterprises (MSMEs) has been devastating. Digitization has been one of the core strategies to cushion the impact of the pandemic. Based upon a questi...
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Prior co-investments and exits: a study on European venture capital syndicates Venture Capital (IF 3.531) Pub Date : 2023-11-21 Jonathan Taglialatela, Roberto Barontini
Building on recent developments in the literature, we investigated whether the practice of repeatedly investing with the same partners impacts outcomes for venture capital syndicates. Research show...
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How can women entrepreneurs overcome funding challenges: the role of digitalization and innovation Venture Capital (IF 3.531) Pub Date : 2023-11-19 Kris Irwin, William McDowell, Samuel Ribeiro-Navarrete
Entrepreneurs must overcome various hurdles that pose a threat to starting or growing their businesses. For example, women entrepreneurs face challenges including gender differences, entrepreneuria...
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Does economic policy uncertainty affect venture capital investments for OECD countries? Venture Capital (IF 3.531) Pub Date : 2023-10-27 Seyfettin Erdoğan, Tuğba Kantarcı, Durmuş Çağrı Yıldırım
Economic policy uncertainty (EPU) has significant effects on the real economy. Therefore, this study aims to investigate the effects of economic policy uncertainty on venture capital, a special fin...
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Lexical sophistication and crowdfunding outcomes Venture Capital (IF 3.531) Pub Date : 2023-10-16 Ammara Mahmood, Sepideh Yeganegi
It is advised that entrepreneurs should keep the language of venture descriptions short and simple. However, knowledge about the conditions under which language in crowdfunding communications impac...
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The impact mechanism of entrepreneurial competency and entrepreneurial model matching on entrepreneurial performance Venture Capital (IF 3.531) Pub Date : 2023-10-11 Liying Lei
From the perspective of matching, this paper explores the impact mechanism of entrepreneurial competency and entrepreneurial model matching on entrepreneurial performance. Then this paper uses clus...
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Business angels investing in green ventures: how do they add value to their start-ups? Venture Capital (IF 3.531) Pub Date : 2023-09-22 Meike Siefkes, Øyvind Bjørgum, Roger Sørheim
This study investigates how business angels (BAs) add sustainability value to green ventures and how these value-adding activities are dependent on the BAs’ sustainability characteristics, i.e., mo...
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How intuition works in venture investment: the holistic effect on decision making Venture Capital (IF 3.531) Pub Date : 2023-09-18 Jinyun Sun, Tianyi Zheng
To investigate into the cognitive perspective of venture investment, we performed a field experiment to explore the features and the effectiveness of the intuitive and analytic cognitive modes in t...
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Shared mental models: a new approach to understanding entrepreneurs’ and investors’ representations Venture Capital (IF 3.531) Pub Date : 2023-09-07 Elodie Maureau, Caroline Tarillon
The literature on venture-capital investment and entrepreneurship has demonstrated the important role played by mental representations in the entrepreneur – investor relationship. This research dra...
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The moment is now! From digital transformation to environmental performance Venture Capital (IF 3.531) Pub Date : 2023-08-28 Belen Ribeiro-Navarrete, M. Ángeles López-Cabarcos, Juan Piñeiro-Chousa, Virginia Simón-Moya
ABSTRACT Technological development has experienced exponential growth in recent years, giving rise to important digital transformation processes at the company level. In order to ensure that these digital transformation processes achieve the desired results, it is essential to draw a strategic roadmap of the processes from vision to implementation. This implies combining design and management activities
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What entrepreneurial skills are the key to startup finance performance? Venture Capital (IF 3.531) Pub Date : 2023-07-26 Dolores Botella-Carrubi, Klaus Ulrich-Berenguer, Domingo E. Ribeiro Soriano
ABSTRACT Startups play an important role in the development of the economy, as they help improve technological and innovative capacity. The competitive advantage of startups depends to a large extent on their human resources, since their uncertain operations require a team with an adequate skill profile to manage uncertainty. Previous studies have shown that entrepreneurial skills can contribute to
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ICOs after the decline: a literature review and recommendations for a sustainable development Venture Capital (IF 3.531) Pub Date : 2023-07-25 Guillaume Andrieu, Aurélie Sannajust
ABSTRACT Initial coin offerings (ICOs) are an alternative financing source for startups. Based on blockchain technology, they allow entrepreneurs to raise funds digitally, ensuring speed and low costs. ICOs increased significantly in number and size until the first quarter of 2018, and then the market declined. Mismanagement and fraud are suspected to be the cause. In this respect, our paper analyzes
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Entrepreneurs on their financial literacy: evidence from the Netherlands Venture Capital (IF 3.531) Pub Date : 2023-07-14 Yan Alperovych, Riccardo Calcagno, Martijn Lentz
ABSTRACT Using a representative survey of Dutch entrepreneurs and self-employed individuals, (i) we measure their subjective financial knowledge and the extent to which they ask for advice when managing their companies, and (ii) we examine whether subjective financial knowledge and the demand for advice are related to the firm economic performance. We find that the respondents feel more comfortable
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Venture capital investment selection: an exploratory assessment of the role of entrepreneur personality traits Venture Capital (IF 3.531) Pub Date : 2023-07-14 Job J. Andreoli, Johannes A. ten Rouwelaar
The objective of this study is to investigate which entrepreneur traits are preferred by venture capitalists (VCs) in their investment selection for funds with financial and impact goals. This expl...
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Academic institutions and the changing entrepreneurial finance landscape Venture Capital (IF 3.531) Pub Date : 2023-06-21 Yannis Pierrakis, Jasmina Berbegal-Mirabent, Dolors Gil-Doménech, Massimo G Colombo
ABSTRACT Universities have emerged as central players in the fast-changing entrepreneurial finance landscape. This editorial introduces and describes the recent changes in academia and the entrepreneurial finance landscape. It then investigates the particular role of universities in supporting start-ups, as investors or facilitators of investments. Following this, it discusses the role of universities
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Nascent entrepreneurship in university students: the role of the context Venture Capital (IF 3.531) Pub Date : 2023-06-14 Juan C. Leiva, Ronald Mora-Esquivel, Martín Solís
ABSTRACT This paper offers evidence that the context might influence a university student’s start-up process differently, depending on the category of activities and regions. Specifically, it explores the influence of university and national contexts while considering the different categories of the start-up process. Our approach divides the start-up process into three categories (Business planning
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The impact of an entrepreneurial ecosystem on student entrepreneurship financing: a signaling perspective Venture Capital (IF 3.531) Pub Date : 2023-06-08 Colin Donaldson, Jorge Villagrasa, Heidi Neck
ABSTRACT Extant research in entrepreneurship reveals that financial resource acquisition for student entrepreneurs is constrained by several factors including a lack of experience, domain expertise and underdeveloped social networks. What follows are accentuated risks of failure that can discourage students from entering the entrepreneurial career pathway. To attenuate resource shortcomings and information
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The role of entrepreneur’s experience and company control in influencing the credibility of passion as a signal in equity crowdfunding Venture Capital (IF 3.531) Pub Date : 2023-05-23 Francesca Di Pietro, Francesca Tenca
In this study, we focus on entrepreneurs’ passion as a signal in influencing fundraising success via equity crowdfunding. Moreover, we look at the role of entrepreneurs’ task-specific experience – ...
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Evolution and trends in entrepreneurial finance: reflections and insights from COVID-19 Venture Capital (IF 3.531) Pub Date : 2023-05-17 Purnima Rao, Satish Kumar, Shubhangi Verma
ABSTRACT Entrepreneurship contributes substantially to the modernization and commercial development of an economy. Access to financial resources is key to the successful operation of new ventures which is arrested by COVID-19. Therefore, the present study aims to address the architecture of entrepreneurial finance since the inception of COVID-19. The research adopts a Systematic literature review approach
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The role of the university entrepreneurial ecosystem in entrepreneurial finance: case studies of UK innovation knowledge centres Venture Capital (IF 3.531) Pub Date : 2023-05-04 Robyn Owen, Lakshmi Narasimhan Vedanthachari, Javed Hussain
ABSTRACT How to commercialize university research and create positive socio-economic impact is a fundamental research question that is under explored. Considerable public funds are invested in universities globally to create knowledge and then to explore its viability to exploit commercial value through supporting entrepreneurship. We explore how publicly funded research and commercialization of projects
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SMEs entrepreneurial finance-based digital transformation: towards innovative entrepreneurial finance and entrepreneurial performance Venture Capital (IF 3.531) Pub Date : 2023-04-05 Ali Abdallah Alalwan, Abdullah M. Baabdullah, Abdulla Hamad M. A. Fetais, Raed S. Algharabat, Ramakrishnan Raman, Yogesh K. Dwivedi
ABSTRACT The antecedents and determinants of entrepreneurial capabilities and competencies remain one of the incontestable questions that drive the exploitation and discovery of effective financial and digital opportunities. In the present paper, we propose a conceptual model based on Kirzner’s alertness theory [entrepreneurial alertness] and rely on two factors [entrepreneurial orientation and marketing
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The effect of syntax simplicity on crowdfunding performance Venture Capital (IF 3.531) Pub Date : 2023-04-05 Yuanqing Li, Sibin Wu, Wencang Zhou
ABSTRACT Using elaboration of likelihood model, this study examines how syntactic structure (structural and lexical simplicity) and nonverbal cues (smiling and professional attire) interact to influence crowdfunding performance. By studying 209 crowdfunding projects, we show that both structural simplicity and lexical simplicity are positively related to crowdfunding performance. Further, professional
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Do old theories fit new contexts? New perspectives on corporate governance in entrepreneurial firms Venture Capital (IF 3.531) Pub Date : 2023-03-08 Cristiano Bellavitis, Marc Deloof, Igor Filatotchev, Niels Hermes, Ine Paeleman
Published in Venture Capital: An International Journal of Entrepreneurial Finance (Vol. 25, No. 2, 2023)
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The influence of differences between venture studios on differences in venture outcomes Venture Capital (IF 3.531) Pub Date : 2023-03-03 Pankaj C. Patel, C. S. Richard Chan
ABSTRACT Venture studios present an intriguing proposition for entrepreneurship theory – a shift from venturing as an entrepreneur-driven activity to venturing as an “assembly line” serialization in an organization. We ask the question whether between-venture studio differences explain the differences in outcomes among the ventures they create. We hypothesize that venture studios explain meaningful
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Unanswered questions in entrepreneurial finance Venture Capital (IF 3.531) Pub Date : 2023-02-22 Sophie Manigart, Sara Khosravi
While the academic literature on entrepreneurial finance has expanded exponentially, many gaps in our knowledge remain. This is driven by digitalization impacting the development of new investment ...
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Corporate governance in immigrant-founded entrepreneurial firms: ownership heterogeneity and firm performance Venture Capital (IF 3.531) Pub Date : 2023-02-14 Kaveh Moghaddam, William Q. Judge, Krista B. Lewellyn, Fatemeh Askarzadeh
ABSTRACT Drawing from resource dependence theory and the faultlines perspective, this study examines how ownership heterogeneity affects firm performance in the understudied context of entrepreneurial firms founded by immigrants. We find that investment by venture capitalists (VCs) is associated with immigrant-founded entrepreneurial firms being less profitable during their infancy stage. Our results
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Does writing a business plan still matter for searching and obtaining external equity finance? Venture Capital (IF 3.531) Pub Date : 2023-01-18 Gresa Latifi, Luca Grilli, Andrea M. Herrmann
This study analyses the importance of business plans for founders and professional equity investors in the process of acquiring venture capital. How do the founders’ efforts spent on writing a busi...
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Exploring the landscape of University-affiliated venture funds: an archetype approach Venture Capital (IF 3.531) Pub Date : 2023-01-03 Nina Magomedova, Nuria Villaescusa, Alba Manresa
ABSTRACT In the last few decades, universities have engaged in the creation of university-affiliated venture capital (UVC) funds to solve the funding gap of new ventures that emerge from academic research. Little is known about their specific characteristics and typology in terms of their role, investment rationale and governance. This study undertakes an attempt to explore the diversity of UVC funds
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Predicting the Startup Valuation: A deep learning approach Venture Capital (IF 3.531) Pub Date : 2022-12-29 Monika Dhochak, Sudesh Pahal, Prince Doliya
The investment and funding decisions of a new venture are based on the startup valuation, which remains an inconclusive and disputable subject matter. For this purpose, well-established strategic m...
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Lifespans of corporate and independent venture capitalists: a systematic review Venture Capital (IF 3.531) Pub Date : 2022-12-06 Florian Brinkmann, Dominik K. Kanbach
ABSTRACT Corporate venture capitalists (CVCs) have shorter lifespans than independent venture capitalists (IVCs), but the reasons for this are not well understood. This paper identifies influencing factors affecting lifespans of CVCs and IVCs. Based on a sample of 190 articles, this systematic review identifies 41 factors that influence VC performance across four dimensions: decisions about strategies
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The impact of concentration among venture capitalists: revisiting the determinants of venture capital Venture Capital (IF 3.531) Pub Date : 2022-12-06 Elisabete Gomes Santana Félix, José Carlos Nunes, Cesaltina Pacheco Pires
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
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Linear and non-linear patterns of internationalisation and funding in academic spin-offs Venture Capital (IF 3.531) Pub Date : 2022-11-08 M. L. Fernández-Alles, C. Camelo-Ordaz, J. P. Diánez-González, E. C. Castillo-Rodríguez
ABSTRACT Academic spin-offs (ASOs) are typically technologically driven, and their expansion into foreign markets has become a priority for the generation of revenue, thereby recuperating the initial R&D and patent costs over a shorter time frame. However, the literature of how these firms internationalise and what sources they can rely on to obtain the financial resources remains very limited. Two
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Married at first sight: the process of trust formation throughout the venture capital process during the time of the COVID-19 crisis Venture Capital (IF 3.531) Pub Date : 2022-11-08 Helene Müller, Julia Wöhler
ABSTRACT A high level of uncertainty accompanies investment decisions, hence, VCs attempt to reduce their risk through a thorough examination of potential investment cases. Especially during the seed and start-up phases of a new venture, when detailed reports and historical track records are still lacking, the investment manager’s trust in the entrepreneurial team has a major impact on investment decisions
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Looking for complementarities. Within-industry diversification and geographic diversification of Venture Capital Firms Venture Capital (IF 3.531) Pub Date : 2022-11-02 Johannes M. Lehner
ABSTRACT Research on Venture Capitalists' (VCs) industrial diversification is supplemented with the notion of diversification along an industry’s value chain. VCs are hypothesized to create a portfolio of complementary investments along the value chain, accompanied by low geographic diversification. Further, VCs specializing in an industry with network externalities are predicted to devote relatively
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Solving the SME finance puzzle: an examination of demand and supply failure in the UK Venture Capital (IF 3.531) Pub Date : 2022-10-25 Robyn Owen, Tiago Botelho, Javed Hussain, Osman Anwar
ABSTRACT Following economic instability after the Global Financial Crisis, the financing of small and medium-sized enterprise (SME) growth and productivity has become central to UK government policy for sustainable economic development, evidenced by the establishment of the British Business Bank and Regional Investment Funds. This paper considers demand-side and supply-side failures in the contemporary
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Some initial observations on the geography of the supply of equity crowdfunding Venture Capital (IF 3.531) Pub Date : 2022-10-13 Anoosheh Rostamkalaei, Mark Freel
ABSTRACT Enthusiasm for crowdfunding’s ability to fill gaps in the provision of entrepreneurial finance continues among academics, policymakers and practitioners. In this, increasing attention has been paid to the geography of crowdfunding. This work has provided important evidence on various spatial influences on the location of platforms and campaigns and on their eventual success. In this paper
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Investment crowdfunding has little faith in sustainability! At least for the moment Venture Capital (IF 3.531) Pub Date : 2022-10-12 Carmen Mendoza, Isabel María Parra Oller, Álvaro Rezola, Nuria Suárez
ABSTRACT We analyze the influence of sustainability on the probability of achieving successful investment crowdfunding offerings. We use a sample of 1,741 investment crowdfunding offerings launched by 1,569 firms in the US during the period May 2016–September 2019 under the Form-C requirements of the JOBS Act. After accounting for potential endogeneity concerns affecting the degree of sustainability
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A framework to assess the valuation techniques for new technology-based firms: a case in an emerging market Venture Capital (IF 3.531) Pub Date : 2022-10-03 Hossein Dastkhan
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
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The debt-equity choice in crowdfunding: a two-method approach Venture Capital (IF 3.531) Pub Date : 2022-09-30 Mari-Liis Kukk
ABSTRACT Securities-based crowdfunding has evolved into an important source of financing for small and medium-sized enterprises (SME), but little is known about how crowdfunding campaigns fit into the capital structure decisions of SMEs. Combining insights from SME capital structure and crowdfunding literatures results in high ambiguity, as crowdfunding seems to change SME financing dynamics, but in
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How private equity-backed buyout contracts shape corporate governance Venture Capital (IF 3.531) Pub Date : 2022-09-05 Luc Wynant, Sophie Manigart, Veroniek Collewaert
ABSTRACT This paper explores how contracts in private equity-backed buyouts shape corporate governance in portfolio companies. Drawing upon agency theory and incomplete contracting theory, 50 actual contracts are analyzed in detail. Contracts focus on reducing adverse selection risks through limiting pre-investment information asymmetries and aligning the goals of investors and sellers. Moral hazard
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Value creation in private equity portfolio companies: a structured review of evidence and proposed framework Venture Capital (IF 3.531) Pub Date : 2022-09-02 Peter M. Krysta, Dominik K. Kanbach
ABSTRACT Value creation of private equity (PE) firms in portfolio companies has received much attention in research. This systematic literature study aims to review, evaluate, and organize the empirical studies conducted in this field during the last four decades. Our findings from an in-depth analysis of 110 empirical papers reveal that the current understanding is incomplete, inconsistent, and unbalanced
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The rise of decentralized autonomous organizations (DAOs): a first empirical glimpse Venture Capital (IF 3.531) Pub Date : 2022-08-31 Cristiano Bellavitis, Christian Fisch, Paul P. Momtaz
ABSTRACT Blockchain technology and smart contracts are catalysts for decentralization and disintermediation. These new technologies reduce transaction costs, agency costs, and offer a basis for trustless social and economic interactions. They are fueling new business models for decentralized platforms and have revolutionized crowdfunding. A recent trend, Decentralized Autonomous Organizations (DAOs)
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Syndication networks and company survival: evidence from European venture capital deals Venture Capital (IF 3.531) Pub Date : 2022-07-19 Dimitris Christopoulos, Stefan Koeppl, Monika Köppl-Turyna
ABSTRACT This study investigates the phenomenon of syndication in the venture capital industry. Investments conducted by syndicates are believed to have a better chance of being successful, which can be measured by the survival probability of portfolio companies or by successful exits. Using a novel and large dataset covering several countries, our analysis shows that investors’ strong network ties
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What do we know about startup-valuation drivers? A systematic literature review Venture Capital (IF 3.531) Pub Date : 2022-07-13 Max Berre, Benjamin Le Pendeven
ABSTRACT Startup-valuation is a critical area of research within entrepreneurial finance, but research on this topic is less consistent and thorough than overall valuation research. Peer-reviewed studies express a range of divergent views and approaches, and the focus varies widely. To bring clarity to this fragmented field, we conduct a systematic literature review, examining 87 peer-reviewed studies
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“Let’s have a chat!”: a field study on relational governance in the evolution of new venture-accelerator relationships Venture Capital (IF 3.531) Pub Date : 2022-06-27 Simon Nieschke, René Mauer
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
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Financing entrepreneurial activity in Uruguay: time to default in a public microcredit institution Venture Capital (IF 3.531) Pub Date : 2022-06-14 María Nela Seijas-Giménez, Milagros Vivel-Búa, Rubén Lado-Sestayo, Sara Fernández-López
ABSTRACT This paper develops a tool to predict the percentage of compliance in the repayment of microloans granted by non-profit microfinance institutions (MFI) of the Uruguayan government. The database consists of 1,357 microloans granted by the Program for the Strengthening of Productive Entrepreneurs (PFEP) of the Uruguayan Ministry of Social Development (MIDES) during the period 2012–2016. The
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The internationalization of business angel networks: do syndicates increase cross-border investment returns? Venture Capital (IF 3.531) Pub Date : 2022-06-02 Henrik Wesemann, Torben Antretter
ABSTRACT This paper investigates the performance effects of cross-border business angel investments. Examining 815 investments on a business angel investment platform, we find an inverted U-shaped relationship between (geographic and cultural) distance and investment returns. We further show that business angels in large syndicates are less sensitive to the costs of both geographic and cultural distance
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Entrepreneurial finance, agency problems and Islamic ethics: complementarities and constraints Venture Capital (IF 3.531) Pub Date : 2022-04-21 Habib Ahmed, Dalal Aassouli
ABSTRACT This paper examines the interactions between Islamic ethics related to entrepreneurs and finance and discusses their implications on entrepreneurial finance. The practice of Islamic entrepreneurial ethics creates trust that helps to mitigate agency problems. In such cases, investors can use contracts involving Islamic financial ethics. However, in the absence of the practice of normative entrepreneurial
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Signaling in the context of early-stage equity financing: review and directions Venture Capital (IF 3.531) Pub Date : 2022-04-18 Mojca Svetek
ABSTRACT Access to early-stage equity financing is vital to the growth of high-potential new ventures. To understand how entrepreneurs obtain external financing, researchers have studied the effectiveness of different signals that entrepreneurs send to investors. In this paper, we provide an overview of current research that uses signaling theory to study the likelihood and success of obtaining funding
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Retrospective overview of the journal venture capital using bibliometric approach Venture Capital (IF 3.531) Pub Date : 2022-03-22 Vincenzo Capizzi, Andrea Paltrinieri, Debidutta Pattnaik, Satish Kumar
ABSTRACT The journal Venture Capital (VC) is a well-established highly reputed academic outlet specializing in research on entrepreneurial finance conducted from various methodological standpoints, on a global basis. This study uses bibliometrics to analyze the journal’s impact, prominent topics, most frequent authors, and their affiliated institutions. Between 1999 and 2021, VC published 385 documents
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Tell me something new: startup valuations, information asymmetry, and the mitigating effect of informational updates Venture Capital (IF 3.531) Pub Date : 2022-01-11 Lukas Koenig, Julius Tennert
ABSTRACT A high level of information asymmetry is characterizing for venture capital investments making new information about entrepreneurial companies especially valuable for a venture capitalist’s valuation process. This paper uses text classification and text mining methodology to extract structured data about capital allocation plans in a unique sample of 1,550 European funding rounds that serves
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Women and entrepreneurial finance: a systematic review Venture Capital (IF 3.531) Pub Date : 2021-12-13 Priscilla Serwaah, Rotem Shneor
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
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Business angel investing during the covid-19 economic crisis: evidence from Scotland Venture Capital (IF 3.531) Pub Date : 2021-12-28 Colin Mason, Tiago Botelho
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