Venture capital and entrepreneurship: a conceptual model and research suggestions

Gu, Wentao; Qian, Xuzheng; Lu, Junpeng

doi:10.1007/s11365-017-0463-6

Cited by 38 publications

(25 citation statements)

References 60 publications

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“…Other empirical studies consider a variety of parameters such as entrepreneurial culture (Fern andez-Serrano, Berbegal, Velasco, & Exp osito, 2018) (Gu, Qian, & Lu, 2018).…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Stochastic analysis of the economic growth of OECD countries

Fuente‐Mella

Vallina-Hernández

Fuentes-Solís

2019

Economic Research-Ekonomska Istraživanja

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This study examined the determinants of economic development for the 34 member countries of the Organization for Economic Cooperation and Development (OECD) and analysed efficient uses of economic development resource endowments. The methodology included econometric panel data modelling and stochastic frontier analysis, using the Cobb-Douglas production function and trans-logarithmic functional form to analyse data from 2003 to 2012. Economic growth was measured by the gross domestic product (GDP) of each economy. As a result, the determinants of economic development were presented and a ranking of efficiency was obtained for all OECD economies throughout the period of analysis. It was concluded that countries with higher economic growth levels have higher efficiency rankings. For example, countries with higher efficiency rankings were Luxembourg and the U.S.; Chile and Mexico were ranked lower. Finally, there was a positive relationship between growth levels and technical efficiency levels.

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“…Other empirical studies consider a variety of parameters such as entrepreneurial culture (Fern andez-Serrano, Berbegal, Velasco, & Exp osito, 2018) (Gu, Qian, & Lu, 2018).…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Stochastic analysis of the economic growth of OECD countries

Fuente‐Mella

Vallina-Hernández

Fuentes-Solís

2019

Economic Research-Ekonomska Istraživanja

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“…London and Hart [32] argue that leveraging the advantages of the emerging economies through cooperation with non-traditional business partners, co-inventing unique programs and building the local capacity may be the best strategy. Gu et al [33] propose a conceptual framework for the venture capital and entrepreneurship based on the emerging Chinese market and state that from the firm level, venture capital has an overall positive effect on entrepreneurship.…”

Section: Background and Enablersmentioning

confidence: 99%

Sustainable Venture Capital Investments: An Enabler Investigation

et al. 2018

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Investing in sustainable projects can help tackle the current sustainability challenges. Venture capital investments can contribute significantly to the growth of sustainable start-ups. Sustainable venture capital (SVC) research is just emerging. This paper identifies enablers for sustainable venture capital investments in Saudi Arabia taking into account different stakeholders and firm's tangible and intangible resources. Using perspectives from venture capital experts in Saudi Arabia and the grey-based Decision-Making Trial and Evaluation Laboratory (DEMATEL) method, this study pinpoints the most critical enablers and investigates their causal and effect interconnections. The methodological process consists of reviewing the SVC literature and consulting the experts to identify the SVC enablers, creating a questionnaire, acquiring the answers from four experts, analyzing the data with grey-based DEMATEL and performing a sensitivity analysis. The government use of international standards, policies and regulations for sustainable investments, the commitment of the venture capitalists to sustainability and their deep understanding of sustainable business models are the most influential enablers. The paper concludes with implications for different actors, limitations and prospective directions for the sustainable venture capital research.

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“…Policing and enforcement costs allude to the costs incurred for monitoring the investee firms to guard themselves against agency risks (Bruining et al, 2005). Typically, transactions costs of doing business are likely to be higher for FVCs as compared to their domestic counterparts given their limited understanding about the nature of the legal systems, local institutions and limited experience in the destination countries (Joshi, 2016, Gu et al, 2018.To sum up, any VC firm always tries to access resources such that it reduces the investment risks and at the same time, diminishes the transactions costs while doing so.…”

Section: The Resource Based View and The Transactions Costs Viewmentioning

confidence: 99%

Managing the risks from high-tech Investments in India: differential strategies of foreign and domestic venture capital firms

Joshi

2018

J Glob Entrepr Res

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The field of technology investing is ridden with dire risks, particularly the ones arising from the presence of asymmetric information among venture capital firms (VCs) and entrepreneurs. The objective of this paper, is to assess the differential strategies devised by the high-technology focused foreign VCs and domestic VCs in negotiating the information risks encountered by them. The sample for the study comprises 70 active VC firms -both foreign and domestic drawn from the Venture Intelligence database. Using the theoretical framework of resource-based view and transactions costs theory and the non-linear data mining technique of Classification and Regression Trees (CART), we first segregate segments of foreign VCs and domestic VCs exhibiting the highest technology focus. Further, we profile each of these segments and compare and explain the differences in the risk management strategies pursued by them. The results from this paper bring to light several interesting findings. To start with, all high-tech focused foreign VCs are not uniform with regards of the risk-management strategies deployed by them. In general, foreign VCs rely on domain specialization, deep sector knowledge and geographic location within India as primary mechanisms of managing information risks. On the contrary, for high-tech focused domestic VCs syndicating with other specialized VCs combined with the opportunity recognition potential of their investment executives with erstwhile founding experience emerges as the core risk-control strategy.

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Venture capital and entrepreneurship: a conceptual model and research suggestions

Cited by 38 publications

References 60 publications

Stochastic analysis of the economic growth of OECD countries

Stochastic analysis of the economic growth of OECD countries

Sustainable Venture Capital Investments: An Enabler Investigation

Managing the risks from high-tech Investments in India: differential strategies of foreign and domestic venture capital firms

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