Show simple item record

dc.contributor.authorOoghe, Hubert
dc.contributor.authorManigart, Sophie
dc.contributor.authorFassin, Yves
dc.date.accessioned2017-12-01T11:58:49Z
dc.date.available2017-12-01T11:58:49Z
dc.date.issued1991
dc.identifier.urihttp://hdl.handle.net/20.500.12127/155
dc.description.abstractThe importance of the venture capital industry in the major European countries is examined, and funding and investment patterns are investigated. The data are mainly, but not solely, taken from the yearly statistics of the European Venture Capital Association and cover the period 1984-1989. It is shown that nearly half (44%) of the European investments are made in the expansion stage, management buyouts account for another 36%. Only 14% is invested in seed or start-up companies, much less than the 30% in the US. Half of the venture capital investments in the UK are buyouts. The highest start-up investment activity takes place in Austria and Spain. Cluster analyses indicate that characteristics of mature industries are: 1. a bigger size, relative to the gross national product of the country, 2. the presence of pension funds and insurance companies as investors in the industry, 3. the syndication of the deals, and 4. the absence of the government as an investor.
dc.language.isoen
dc.subjectEntrepreneurial Finance
dc.titleGrowth patterns of the European venture capital industry
dc.identifier.journalJournal of Business Venturing
dc.source.volume6
dc.source.issue6
dc.source.beginpage381
dc.source.endpage404
vlerick.knowledgedomainAccounting & Finance
vlerick.supervisor
vlerick.typearticleArticle in academic journal
vlerick.vlerickdepartmentA&F
dc.identifier.vperid23805
dc.identifier.vperid35884
dc.identifier.vperid35891
dc.identifier.vpubid98


This item appears in the following Collection(s)

Show simple item record