Syndication networks and investment success – an examination of the French and Hispanic venture capital markets for the period of 2012 to 2022
Research output: Journal contributions › Journal articles › Research › peer-review
Authors
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.
Original language | German |
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Journal | International Journal of Entrepreneurship and Innovation Management |
Volume | 28 |
Issue number | 5/6 |
Pages (from-to) | 396-438 |
ISSN | 1368-275X |
DOIs | |
Publication status | Published - 2024 |
Externally published | Yes |