haku: @journal_id 1656 / yhteensä: 310
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Tekijä: | Groh, A. P. Liechtenstein, H. von |
Otsikko: | The first step of the capital flow from institutions to entrepreneurs: the criteria for sorting venture capital funds |
Lehti: | European Financial Management
2011 : JUN, VOL.17:3, p. 532-559 |
Asiasana: | entrepreneurship assets allocation institutional investors finance venture capital funds surveys |
Vapaa asiasana: | capital flow criteria |
Kieli: | eng |
Tiivistelmä: | This article contributes to the knowledge of the capital flow from institutional investors via venture capital (VC) funds as intermediaries to their final destination, entrepreneurial ventures as well as conducts a world-wide survey among limited partners to determine the importance of several criteria when they select VC funds. It is found the top criteria to be the expected deal flow and access to transactions, a VC fund's historic track record, his local market experience, the match of the experience of team members with the proposed investment strategy, the team's reputation, and the mechanisms proposed to align interest between the investors and the VC funds. etc. |
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