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dc.contributor.authorManigart, Sophie
dc.contributor.authorLockett, Andy
dc.contributor.authorMeuleman, Miguel
dc.contributor.authorWright, Mike
dc.contributor.authorLandström, Hans
dc.contributor.authorBruining, Hans
dc.contributor.authorDesbrières, Philippe
dc.contributor.authorHommel, Ulrich
dc.date.accessioned2017-12-02T14:16:10Z
dc.date.available2017-12-02T14:16:10Z
dc.date.issued2002
dc.identifier.urihttp://hdl.handle.net/20.500.12127/810
dc.description.abstractFinancial 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.isoen
dc.publisherVlerick Business School
dc.subjectCorporate Finance
dc.subjectEntrepreneurship
dc.titleWhy do European venture capital companies syndicate?
refterms.dateFOA2019-10-14T12:44:42Z
dc.source.issue20
dc.source.numberofpages38
vlerick.knowledgedomainAccounting & Finance
vlerick.knowledgedomainEntrepreneurship
vlerick.supervisor
vlerick.typecommWorking paper
vlerick.vlerickdepartmentA&F
vlerick.vlerickdepartmentEGS
dc.identifier.vperid134361
dc.identifier.vperid140569
dc.identifier.vperid140746
dc.identifier.vperid93826
dc.identifier.vperid68185
dc.identifier.vperid35884
dc.identifier.vperid58266
dc.identifier.vperid68189
dc.identifier.vpubid855


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