Search results for "Venture Capital"
showing 10 items of 53 documents
Alliance formation as growth opportunity for non-publicly traded companies: a value-added service provided by private equity investors
2016
We analyze the role of Private Equity firms (PE-Firms) as a governance mechanism, focusing on their role as social intermediaries, helping their portfolio companies to form alliances and thereby spurring entrepreneurial growth. Alliances as long term inter-firm cooperations are considered to be a main source of firm-innovation. External growth via alliances is especially important for small to medium sized companies (SME) – largely dominant in Europe (up to 99%)–, because their internal resources are limited. Since a few years, these facts lead governments to undertake actions aimed to create environments that boost inter-firm linkages and entrepreneurial clusters. In European countries, su…
Why do Venture Capital Companies syndicate? Some New Insights
2016
International audience; Financial theory and resource-based theory are often used to explain syndication practice among venture capital (VC) firms (Lockett & Wright, 2001; Manigart et al., 2006). While extending this diverse set of theoretical frameworks, we investigate the propensity of VC firms to syndicate to provide new insights on the syndicate size, duration and the number of financing rounds of VC firms. While the existing research has focused on the entire VC entity within syndication or on the sole leader of the syndicate, our study considers both parties within the syndicate, the leader and the other syndicate members. Using a longitudinal and unique data set of 196 venture backed…
PENGARUH MODAL USAHA DAN LAMA MELAUT, TERHADAP HARGA JUAL IKAN PADA PASAR TRADISIONAL SANGGENG MANOKWARI
2019
The purpose of this study was to measure the effect of venture capital (X1) and the long time at sea /time work hours (X2) for the offer price of fish (Y) in the tradisional sanggeng market manokwari, with 73 respondents chosen randomly and consisted of sellers and buyers in the sanggeng market.
 Data collection methods are done through interviews, (primary data) with a questionnaire and then carried out a questionnaire test and test the quality of the data, and then analyzed uiple linear regression.
 The result of research simultan eously or statistically partial variables X1 (venture capital) and variable X2 (long sea) significantly influence the higt selling price of …
Internal Software Startups - A Multiple Case Study on Practices, Methods, and Success Factors
2020
Startups are often seen as drivers of innovation. In an attempt to leverage this potential, larger business organizations have founded internal startups as a subset of internal corporate ventures (ICV). These smaller organizations are intended to be more agile than the parent organization, in order to produce new service and product innovations using their own methods and practices independently of the organizational culture and methods of the parent organization. However, our understanding of ICVs is still lacking in terms of processes and success factors, and especially the more recent internal startups have scarcely been studied thus far. To approach this novel area of research, we take …
Environmental Sustainability Orientation, Reward-Based Crowdfunding, and Venture Capital: The Mediating Role of Crowdfunding Performance for New Tech…
2021
Extant literature has investigated the effects of new ventures’ environmental sustainability orientation (ESO) on the crowdfunding (CF) performance and on the ability to secure venture capital, separately and with mixed results. In this article, we address the study of these relationships simultaneously. Specifically, we examine how the presence of ESO features influences new technology-based ventures’ ability to secure funding in reward-based CF campaigns and how the CF performance mediates the effect of such features on attracting subsequent venture capital. Using a sample of new hardware ventures that have launched a CF campaign on Kickstarter, we document a negative effect of the presen…
The Institutional Determinants of Private Equity Involvement in Business Groups: The Case of Africa
2018
This study examines the governance attributes of post-IPO (initial public offering) retained ownership of private equity in business group constituent firms in contrast to their unaffiliated counterparts, in 202 newly listed firms in 22 emerging African economies. We adopt an actor centered institutional-theoretic perspective in rationalizing institutional voids and the advantages of maintained governance by both business angels (BA) and venture capital (VC) private equity. Our findings reveal private equity retain higher post-IPO ownership in business group constituents compared to unaffiliated firms and that this is inversely moderated in the context of improving institutional quality – w…
Performance analysis of research spin-offs in the Spanish biotechnology industry
2012
Abstract This study examines whether the performance of biotechnology research spin-offs in Spain differs from non spin-off firms, using empirically-based fieldwork over a 5-year period and standard dichotomous regression analysis on 7-year data. Biotechnology research spin-offs in Spain are not necessarily located in core regions, are smaller in size and tend to grow faster in terms of turnover. Corporate groups seldom control them but venture capitalists have a greater tendency to acquire shareholdings in them. Compared to non spin-off firms, research spin-off firms face more serious and more numerous challenges and disadvantages. Only two advantages are apparent: their capacity to attrac…
Social Innovation Lessons from Microangels? An Institutional Entrepreneurship Case Study of the CIGALES Movement in France
2012
One way by which microentrepreneurs can increase their ability to take debt is to take equity alongside, thus respecting prudent ratios and reducing stress. But microequity has not developed in most of the developing world. At the same time, since 1983, microequity has been started in France through a socially innovative movement known as CIGALES. Today, there are over a hundred CIGALES clubs. How have these multiplied and why hasn't the movement grown faster and more global? We look at the development of the CIGALES movement from an Institutional lens. Based on fifteen semi-structured interviews, we trace the creation and expansion of the movement and see internal blockages are as importan…
New directions for the biopharma industry in Canada: modelling and empirical findings
2008
PurposeThe main purpose of this study is to identify features and trends shaping the business models currently prevailing in the Canadian biopharma industry, by disaggregating the business model analysis into four key areas: value creation, investment strategy, business strategy, success factorsDesign/methodology/approachResults arise from an empirical fieldwork of qualitative nature, undertaken by the end of 2004, involving deep interviews to a broad variety of key stakeholders of the biopharma industry in the Quebec region, including biopharma firms, large pharma firms, venture capital funds, research centers and recognized experts from consultancy firms and Universities.FindingsBiopharma…
The Institutional Determinants of Private Equity Involvement in Business Groups The Case of Africa
2015
This study examines the governance attributes of post-IPO (initial public offering) retained ownership of private equity in business group constituent firms in contrast to their unaffiliated counterparts, in 202 newly listed firms in 22 emerging African economies. We adopt an actor centered institutional-theoretic perspective in rationalizing institutional voids and the advantages of maintained governance by both business angels (BA) and venture capital (VC) private equity. Our findings reveal private equity retain higher post-IPO ownership in business group constituents compared to unaffiliated firms and that this is inversely moderated in the context of improving institutional quality. Ou…