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The Effects of Financial Factors on the Performance of New Venture Companies in High Tech and Knowledge-Intensive Industries: An Empirical Study in Denmark

Year: 2007

Type: preprint

Abstract: This paper addresses various financial issues in the context of knowledge-intensive entrepreneurship. The study can be seen as an empirical test of parts of a theoretical framework previously developed to identify and explain key factors affecting the survival and preliminary growth of new ventures in high-tech and knowledge-intensive sectors. The paper takes a starting point in the literature on venture capital, theory on risk and trusts and network theory. The results show that there is a high degree of variation in several dimensions across the two sectors investigated (IT and biotechnology). In closing, the paper briefly touches on the implications for policymakers, investors and business managers, and research.

Source: SSRN Electronic Journal

Authors: Anne Bøllingtoft, John P. Ulhøi, Henning Madsen, Helle Neergaard

Institution: Aarhus University

Language: English

Topic: Private Equity and Venture Capital

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure

Open Access status: green

OpenAlex ID: W328444181

Cites:

Cited by: 19

Related to: 10