Why do European venture capital companies syndicate?
dc.contributor.author | Manigart, Sophie | |
dc.contributor.author | Lockett, Andy | |
dc.contributor.author | Meuleman, Miguel | |
dc.contributor.author | Wright, Mike | |
dc.contributor.author | Landström, Hans | |
dc.contributor.author | Bruining, Hans | |
dc.contributor.author | Desbrières, Philippe | |
dc.contributor.author | Hommel, Ulrich | |
dc.date.accessioned | 2017-12-02T14:16:10Z | |
dc.date.available | 2017-12-02T14:16:10Z | |
dc.date.issued | 2002 | |
dc.identifier.uri | http://hdl.handle.net/20.500.12127/810 | |
dc.description.abstract | Financial theory, resource-based theory and access to deal flow are used to explain syndication practices among European venture capital (VC) firms. The desire to share risk and increase portfolio diversification is a more important motive for syndication than the desire to access additional intangible resources or deal flow. Access to resources is, however, more important for non-lead than for lead investors. When resource-based motives are more important, the propensity to syndicate increases. Syndication intensity is higher for young VC firms and for VC firms, specialised in a specific investment stage. Finally, syndication strategies are similar across European countries, but differ from North American strategies. | |
dc.language.iso | en | |
dc.publisher | Vlerick Business School | |
dc.subject | Corporate Finance | |
dc.subject | Entrepreneurship | |
dc.title | Why do European venture capital companies syndicate? | |
refterms.dateFOA | 2019-10-14T12:44:42Z | |
dc.source.issue | 20 | |
dc.source.numberofpages | 38 | |
vlerick.knowledgedomain | Accounting & Finance | |
vlerick.knowledgedomain | Entrepreneurship | |
vlerick.supervisor | ||
vlerick.typecomm | Working paper | |
vlerick.vlerickdepartment | A&F | |
vlerick.vlerickdepartment | EGS | |
dc.identifier.vperid | 134361 | |
dc.identifier.vperid | 140569 | |
dc.identifier.vperid | 140746 | |
dc.identifier.vperid | 93826 | |
dc.identifier.vperid | 68185 | |
dc.identifier.vperid | 35884 | |
dc.identifier.vperid | 58266 | |
dc.identifier.vperid | 68189 | |
dc.identifier.vpubid | 855 |