Syndication networks and investment success – an examination of the French and Hispanic venture capital markets for the period of 2012 to 2022
Publikation: Beiträge in Zeitschriften › Zeitschriftenaufsätze › Forschung › begutachtet
Standard
in: International Journal of Entrepreneurship and Innovation Management, Jahrgang 28, Nr. 5/6, 2024, S. 396-438.
Publikation: Beiträge in Zeitschriften › Zeitschriftenaufsätze › Forschung › begutachtet
Harvard
APA
Vancouver
Bibtex
}
RIS
TY - JOUR
T1 - Syndication networks and investment success – an examination of the French and Hispanic venture capital markets for the period of 2012 to 2022
AU - Schlamp, Christian
N1 - Publisher Copyright: Copyright © 2024 Inderscience Enterprises Ltd.
PY - 2024
Y1 - 2024
N2 - The research study was concerned with the examination of venture capitalists out of a social-capital theoretical perspective (Lin, 1999, 2005) in the French and Hispanic market and based on three research objectives. The first objective was to examine the effects of the investor's network position on the funding amounts. The second objective was to examine the network effects on the probability to achieve a further funding round and the final objective was concerned with the probability that the investor exited successfully. The research model based on the earlier studies of Seppä (2003), Hochberg et al. (2007) and Alexy et al. (2012), and secondary data from the Crunchbase data set was processed by means of multivariate and binary logistic regression analyses. The results have shown that the network effects were negligible and that it was rather the syndicate size in this study which mattered for investment success.
AB - The research study was concerned with the examination of venture capitalists out of a social-capital theoretical perspective (Lin, 1999, 2005) in the French and Hispanic market and based on three research objectives. The first objective was to examine the effects of the investor's network position on the funding amounts. The second objective was to examine the network effects on the probability to achieve a further funding round and the final objective was concerned with the probability that the investor exited successfully. The research model based on the earlier studies of Seppä (2003), Hochberg et al. (2007) and Alexy et al. (2012), and secondary data from the Crunchbase data set was processed by means of multivariate and binary logistic regression analyses. The results have shown that the network effects were negligible and that it was rather the syndicate size in this study which mattered for investment success.
KW - France
KW - Spain
KW - exit success
KW - investment success
KW - social capital
KW - syndication networks
KW - venture capital
KW - Management studies
UR - http://www.scopus.com/inward/record.url?scp=85218927593&partnerID=8YFLogxK
U2 - 10.1504/IJEIM.2024.144588
DO - 10.1504/IJEIM.2024.144588
M3 - Journal articles
VL - 28
SP - 396
EP - 438
JO - International Journal of Entrepreneurship and Innovation Management
JF - International Journal of Entrepreneurship and Innovation Management
SN - 1368-275X
IS - 5/6
ER -