Work

The syndication of venture capital investments in Europe: Evidence from five european countries

Year: 2002

Type: preprint

Abstract: Financial theory, resource-based theory and deal flow generation are used to explain syndication practices among venture capitalists in Belgium, France, The Netherlands, Sweden and the UK. Similar motives drive syndication in the five countries:the desire to share risk and increase portfolio diversification is more important than the desire to access additional intangible resources or deal flow. When resource-based motives are more important, however, the propensity to syndicate increases. Syndication practices are more important in young venture capital (VC) firms and in VC firms with more portfolio companies.

Source: RePEc: Research Papers in Economics

Authors: Sophie Manigart, Andy Lockett, Miguel Meuleman, Hans Landström, Philippe Desbrières

Language: English

Topic: Private Equity and Venture Capital

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W1841803281

Cites: 11

Cited by: 8

Related to: 10