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Venture Capital and the Financing of Innovation /

The funding of innovative projects that are fundamentally ambiguous often leads to situations where decision-making is difficult. However, decision-making can be improved by practices such as syndication and step-by-step funding. The dynamic of this industry requires us to consider the economic and...

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Detalles Bibliográficos
Autores principales: Guilhon, Bernard (Autor), Montchaud, Sandra (Autor)
Autor Corporativo: Safari, an O'Reilly Media Company
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Wiley-ISTE, 2020.
Edición:1st edition.
Colección:Innovation, entrepreneurship and management series. Innovation between risk and reward set ; volume 6
Acceso en línea:Texto completo (Requiere registro previo con correo institucional)
Tabla de Contenidos:
  • Machine generated contents note: ch. 1 Venture Capital, Behavior and Performance of Stakeholders
  • 1.1. The analytical framework
  • 1.1.1. The contractual model and agency problems
  • 1.1.2. The resource-dependent approach
  • 1.2. From the theoretical framework to the empirical findings: observed behaviors
  • 1.2.1. Methodological problems
  • 1.2.2. The arbitrations made: the entrepreneurial risk
  • 1.2.3. The change of the relationships over time
  • 1.2.4. Behaviors of refusal
  • 1.2.5. Risk aversion of venture capitalists
  • 1.3. The contribution of venture capital to the performance of innovative companies
  • 1.3.1. Innovation, growth and employment
  • 1.3.2. Survival rates and entrepreneurial persistence
  • 1.4. Conclusion
  • ch. 2 The Sectoral Dynamics of Venture Capital
  • 2.1. Orientation by sector
  • 2.1.1. The orientation of venture capital by sector in the United States
  • 2.1.2. The trajectory in Europe
  • 2.1.3. The lessons learned
  • 2.2. High-tech industries, a less stable group
  • Note continued: 2.2.1. Knowledge base, high-tech sectors, and venture capital: the macroeconomic influence
  • 2.2.2. The influence of advanced industries on the performance of the US economy
  • 2.2.3. Business creation, growth thresholds, and the new technology sector
  • 2.2.4. Elements of explanation
  • 2.3. An econometric model for determining high-tech investment in Europe
  • 2.3.1. The approach used: the analytical framework and assumptions made
  • 2.3.2. The econometric model
  • 2.3.3. Results and discussion
  • 2.4. Conclusion
  • ch. 3 The Three Structures for Interpreting Venture Capital: The Market, Industry and Institutions
  • 3.1. An interpretation of venture capital in market terms
  • 3.1.1. From market efficiency to wealth creation
  • 3.1.2. Characteristics and functions of the market
  • 3.1.3. The venture capital market
  • 3.1.4. Why talk about a new market?
  • 3.1.5. Risk management at market levels
  • 3.2. An interpretation of venture capital in terms of industry
  • Note continued: 3.2.1. The spread of an industrial logic
  • 3.2.2. The relative weight of venture capital investment in relation to GDP
  • 3.3. The role of institutions in the dynamics of the venture capital industry
  • 3.3.1. An econometric model for determining venture capital investment
  • 3.3.2. Specific analysis of institutional factors
  • 3.4. Conclusion.