Coaching Small Biotech Companies into Success: The Value-adding Function of VC

Research, Preprint OPEN
Luukkonen, Terttu; Maunula, Mari;
(2006)
  • Publisher: Helsinki: The Research Institute of the Finnish Economy (ETLA)
  • Subject: G24 | L65 | venture capital, biotechnology | O16 | O38 | Risikokapital | Unternehmensplanung | Finnland | Betriebliche Wertschöpfung | Biotechnische Industrie
    • jel: jel:O16 | jel:O38 | jel:L65 | jel:G24
      ddc: ddc:330

The paper reports an empirical study on the non-financial value-added provided by Venture Capital investors to their investee firms. This study will use a four-class grouping of the various non-financial value-adding capabilities provided by VC firms, namely, scouting, ... View more
  • References (5)

    Gompers, P. Lerner, J. 2004. The Venture Capital Cycle. Second edition. Cambridge, MA, The MIT Press.

    Sapienza, Harry J. 1992. When Do Venture Capitalists Add Value? Journal of Business Venturing, Vol. 7, 9-27.

    Sapienza, Hary J., Manigart, Sophie, Vermeir, Wim. 1996. Venture Capitalist Governance and Value Added in Four Countries. Journal of Business Venturing, Vol. 11, pp. 439-469.

    Sapienza, Harry J. 1992. When Do Venture Capitalists Add Value? Journal of Business Venturing, Vol. 7, pp. 9-27.

    Sapienza, H.J., Manigart, S. and W. Vermeir. 1996. Venture Capitalist Governance and Value Added in Four Countries. Journal of Business Venturing, Vol. 11, 439-469.

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