Perception of Risk by Venture Capital and Private Equity Firms: A European Perspective

被引：2
|
作者：
Koryak, Oksana [1 ]
Smolarski, Jan [2 ]
机构：
[1] Inst Empresa, Madrid, Spain
[2] Univ Texas Pan Amer, Coll Business, Edinburg, TX 78541 USA
来源：
JOURNAL OF PRIVATE EQUITY | 2008年 / 11卷 / 02期
关键词：
D O I：
10.3905/jpe.2008.702788
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
We introduce and test an integrated model that links venture capitalist risk perceptions with the choice of governance measures. The sample consists of 104 European private equity funds. The results provide support for our proposed model and we identify several links between pre-contractual screening and post-contractual control mechanisms. We find that diligent pre-investment screening enhances the perceived effectiveness of post-investment control mechanism suggesting a number of behavioral implications for the venture capital fund manager and the entrepreneur.
引用
收藏
页码：30 / 42
页数：13
相关论文
共 50 条
  • [1] Risk Management in Indian Venture Capital and Private Equity Firms: A Comparative Study
    Smolarski, Jan
    Verick, Hira
    Foxen, Sarah
    Kut, Can
    [J]. THUNDERBIRD INTERNATIONAL BUSINESS REVIEW, 2005, 47 (04) : 469 - 488
  • [2] The Price of Diversifiable Risk in Venture Capital and Private Equity
    Ewens, Michael
    Jones, Charles M.
    Rhodes-Kropf, Matthew
    [J]. REVIEW OF FINANCIAL STUDIES, 2013, 26 (08): : 1853 - 1889
  • [3] The European Venture Capital and Private Equity country attractiveness indices
    Peter Groh, Alexander
    von Liechtenstein, Heinrich
    Lieser, Karsten
    [J]. JOURNAL OF CORPORATE FINANCE, 2010, 16 (02) : 205 - 224
  • [4] Perspectives on Private Equity and Venture Capital
    Anson, Mark
    [J]. JOURNAL OF PORTFOLIO MANAGEMENT, 2022, 48 (09): : 24 - 38
  • [5] Innovation in newly public firms: The influence of government grants, venture capital, and private equity
    Shinkle, George A.
    Suchard, Jo-Ann
    [J]. AUSTRALIAN JOURNAL OF MANAGEMENT, 2019, 44 (02) : 248 - 281
  • [6] Syndication Strategies of Venture Capital and Private Equity Firms in India-An Empirical Investigation
    Dugar, Poonam
    Suthar, Mita
    [J]. JOURNAL OF ALTERNATIVE INVESTMENTS, 2022, 25 (02): : 47 - 65
  • [7] Private Equity and Bank Capital Requirements: Evidence from European Firms
    Lavery, Paul
    Spaliara, Marina-Eliza
    Tsoukas, Serafeim
    [J]. BRITISH JOURNAL OF MANAGEMENT, 2023, 34 (01) : 390 - 409
  • [8] VENTURE CAPITAL AND PRIVATE EQUITY INDUSTRY IN HUNGARY
    Karsai, Judit
    [J]. ACTA OECONOMICA, 2013, 63 (01) : 23 - 42
  • [9] Venture Capital, Private Equity, and the Financing of Entrepreneurship
    Harrison, Richard
    [J]. INTERNATIONAL SMALL BUSINESS JOURNAL-RESEARCHING ENTREPRENEURSHIP, 2013, 31 (07): : 832 - 834
  • [10] Venture Capital and Other Private Equity: a Survey
    Metrick, Andrew
    Yasuda, Ayako
    [J]. EUROPEAN FINANCIAL MANAGEMENT, 2011, 17 (04) : 619 - 654
12345