Venture capital performance: a comparative study of investment practices in Europe and the USA
Gespeichert in:
1. Verfasser: | |
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Format: | Buch |
Sprache: | English |
Veröffentlicht: |
London
Routledge
2020
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Schriftenreihe: | Routledge international studies in money and banking
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Schlagworte: | |
Online-Zugang: | Inhaltsverzeichnis |
Beschreibung: | Includes bibliographical references and index |
Beschreibung: | xviii, 252 Seiten Illustrationen |
ISBN: | 9780367331610 9781032084794 |
Internformat
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Datensatz im Suchindex
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adam_text |
Contents List offigures List of tables Foreword Preface Acknowledgements 1 Introduction X XI XU xiv xvii 1 Setting the scene 1 Venture capital and its investors 2 Performance of venture capital funds in Europe and US 3 Consequences of low VC returns in Europe 4 Prior research on the gap in performance between UK/Europe and US VCfund returns 6 Gaps in understanding about the performance difference 7 Research questions and methodology 7 Qualitative approach 9 Theoreticalframework 10 Contribution of the research to scholarship and to practice 11 Strudure of the book 12 2 The European/US gap in venture capital fund performance 14 Fund performance data - sources, definitions and critiques 14 Prior academic studies on the performance differential 16 More recent industry evidence on the performance gap 18 3 The factors that impact on venture capital fund performance Introduction to research into variables that impact on fund performance 23 23
viii Contents Structural factors 27 Operationalfactors 31 Wider environmental factors 45 Studies of the performance gap between European US VCfunds 53 4 Theoretical considerations Structural features of venture capital funds 61 Operational areas 62 Wider environmental influences 69 5 Research aims and methodology Research gap 12 Research questions 74 Philosophical stance 75 Engaged scholarship 76 Methodology 77 Sampling strategy 79 Interview process 81 Thematic coding procedure 83 Questionnaire 84 6 Structural differences Introduction 86 Sectorfocus 91 Stage focus 93 Geographicfocus 96 Partners and their backgrounds 97 Partners ’ responsibilityfor deals 103 Use of venture partners 107 Advisory boards 108 Conclusion 109 7 Operational differences Introduction 112 Investment strategy 114 Deal sourcing 123 Due diligence 127 Investment approval process 131 Investment terms 134 Syndication 142 Monitoring and portfolio reviews 146
Contents ix Adding value 151 Exiting from investments 155 Conclusion 161 8 Wider environmental differences 165 Introduction 165 Cultural differences 165 . Fragmented markets 170 Ecosystem 171 Scaling issues 175 Technology clusters 176 Lack of experienced CEOs and serial entrepreneurs 178 The impact of luck on investment success 180 Conclusion 182 9 Characteristics of firms with better performing funds 185 Introduction 185 Previous research on top performing VC funds 187 Comparison offirms with top performing funds with firms with non-top performing funds 188 Consistent top performance 189 Firms with outlier performance 191 Differences between top performing firms in Europe and US 192 Characteristics of more recent European VC firms 196 Conclusion 198 10 Summary and conclusions 200 Introdudion 200 Research questions and methodology 202 Contribution to literature 203 Summary of research findings 204 Theoretical contribution 209 Practical implications and sharing of best VC investment practices 214 Guidelines for best practice VC investing 217 Limitations of study 219 Proposed future research work 221 Bibliography Appendix 1: VC interview aide-memoire Appendix 2: Questionnaire on the importance of certain factors to investment success Index 225 238 242 247 |
any_adam_object | 1 |
author | Arundale, Keith |
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author_sort | Arundale, Keith |
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building | Verbundindex |
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callnumber-first | H - Social Science |
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callnumber-raw | HG5428 |
callnumber-search | HG5428 |
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dewey-ones | 332 - Financial economics |
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dewey-search | 332/.04154094 |
dewey-sort | 3332 74154094 |
dewey-tens | 330 - Economics |
discipline | Wirtschaftswissenschaften |
format | Book |
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indexdate | 2024-08-22T00:10:11Z |
institution | BVB |
isbn | 9780367331610 9781032084794 |
language | English |
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physical | xviii, 252 Seiten Illustrationen |
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spelling | Arundale, Keith Verfasser (DE-588)1247034224 aut Venture capital performance a comparative study of investment practices in Europe and the USA Keith Arundale London Routledge 2020 xviii, 252 Seiten Illustrationen txt rdacontent n rdamedia nc rdacarrier Routledge international studies in money and banking Includes bibliographical references and index Risikokapital (DE-588)4124067-4 gnd rswk-swf Unternehmensgründung (DE-588)4078599-3 gnd rswk-swf Investition (DE-588)4027556-5 gnd rswk-swf Europa (DE-588)4015701-5 gnd rswk-swf USA (DE-588)4078704-7 gnd rswk-swf Venture capital / Europe Venture capital / United States Investments USA (DE-588)4078704-7 g Europa (DE-588)4015701-5 g Risikokapital (DE-588)4124067-4 s Investition (DE-588)4027556-5 s DE-604 Unternehmensgründung (DE-588)4078599-3 s 1\p DE-604 Erscheint auch als Online-Ausgabe 978-0-429-31821-4 Digitalisierung UB Regensburg - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=031821776&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
spellingShingle | Arundale, Keith Venture capital performance a comparative study of investment practices in Europe and the USA Risikokapital (DE-588)4124067-4 gnd Unternehmensgründung (DE-588)4078599-3 gnd Investition (DE-588)4027556-5 gnd |
subject_GND | (DE-588)4124067-4 (DE-588)4078599-3 (DE-588)4027556-5 (DE-588)4015701-5 (DE-588)4078704-7 |
title | Venture capital performance a comparative study of investment practices in Europe and the USA |
title_auth | Venture capital performance a comparative study of investment practices in Europe and the USA |
title_exact_search | Venture capital performance a comparative study of investment practices in Europe and the USA |
title_full | Venture capital performance a comparative study of investment practices in Europe and the USA Keith Arundale |
title_fullStr | Venture capital performance a comparative study of investment practices in Europe and the USA Keith Arundale |
title_full_unstemmed | Venture capital performance a comparative study of investment practices in Europe and the USA Keith Arundale |
title_short | Venture capital performance |
title_sort | venture capital performance a comparative study of investment practices in europe and the usa |
title_sub | a comparative study of investment practices in Europe and the USA |
topic | Risikokapital (DE-588)4124067-4 gnd Unternehmensgründung (DE-588)4078599-3 gnd Investition (DE-588)4027556-5 gnd |
topic_facet | Risikokapital Unternehmensgründung Investition Europa USA |
url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=031821776&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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