Work

Is a Company’s Access to Private Equity and Venture Capital Affected by Location or Management Diversity? Some Empirical Evidence from Austria

Year: 2018

Type: article

Abstract: Governments around the world are providing various forms of subsidies to promote private investments into young, innovative firms. Under these circumstances it becomes ever more important to identify possible imbalances of risk capital (i.e. private equity and/or venture capital) markets. The present study provides econometric analyses (propensity score matching and probit regressions) based on firm data with the estimations displaying some distortions. In particular, a location outside Vienna as well as its shares of female and foreign managers display negative impacts on a company’s likelihood to be risk financed.

Source: International Journal of Business and Management

DOI: 10.5539/ijbm.v13n7p45

Author: Sascha Sardadvar

Institution: WPZ Research GmbH (Austria)

Language: English

Topic: Private Equity and Venture Capital

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Decent work and economic growth, Reduced inequalities

Open Access status: diamond

OpenAlex ID: W2807879052

FWCI: 0.982

Cites: 22

Cited by: 3

Related to: 10