Year: 2010
Type: dissertation
Abstract: The purpose of our thesis is to, based on theory, investigate if venture capital investment generates value by increasing the credibility of Swedish start-up firms. If so, we continue by studying which factors influence the credibility value added in Sweden. The methodology is based on the concept of non-financial value added (NFVA) and we use primary data collected through a survey. We conclude that the credibility improvement from VC investment is value adding to Swedish start-up firms. Regarding the mechanisms that influence the value added from credibility enhancement, we conclude that supplier switching cost and the amount and quality of contact increases the non-financial value added of credibility. Finally we also find the management experience to have a significant, positive impact on the credibility value addition.
Authors: Jesper Johansson, Ludvig Persson
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1775877714