The role of the venture capitalist as monitor of the company: A corporate governance perspective

Corporate Governance: An International Review

Volumn 10, Issue 3, 2002, Pages 124-135

  Van den Berghe, Lutgart A A ^a   Levrau, Abigail ^a  

^a VLERICK BUSINESS SCHOOL   (Belgium)

Author keywords

Corporate governance; High tech companies; Monitoring; Venture capital

Indexed keywords

EID: 0036661479     PISSN: 09648410     EISSN: None     Source Type: Journal    
DOI: 10.1111/1467-8683.00278     Document Type: Conference Paper

References (26)

1. Aoki, M. (1999) Information and Governance in the Silicon Valley Model. Paper presented at the Law and Economics Conference on Convergence and Diversity in Corporate Governance Regimes and Capital Markets, Eindhoven.
2. Bain & Co. (2001) How to Improve the Growth Potential of Belgian Companies. Report conducted in co-operation with VBO-FEB.
3. Berle, A.A. and Means, G.C. (1932) The Modern Corporation & Private Property. Originally published in 1932; New edition, second printing 1997. Transaction Publishers, New Jersey.
4. Brancato, C.K. (1997) Institutional Investors and Corporate Governance - Best Practices for Increasing Corporate Value. The Conference Board.
5. Brancato, C.K. (2001) The International Investor Perspective in the 21st Century. Presentation held at The Belgian Directors' Institute, Investor Relations Conference, Brussels.
6. Bruton, G.D., Manigart, S., Fried, V. and Sapienza, H. (2000) Venture Capital in Asia: Its Differences and Similarities from the U.S. and Europe. Working paper.
7. Churchill, N.C. and Lewis, V.L. (1983) The Five Stages of Small Business Growth, Harvard Business Review, May-June, 30-50.
8. Cook, J. and Bates, J. (2000) Comparative Analysis of Governance in Large Blue-chip and Small Hi-tech UK Companies: Interpreting the Differences. Law & Economics Research Workshop.
9. EVCA (2001) Record Levels Invested and Raised in 2000. Press Release, http://www.evca.com/.
10. Federal Planning Bureau (2000) The Financing of Innovation with Venture Capital. Working paper 9-00, Brussels.
11. GEM (2000) The General Entrepreneurship Monitor. Executive Report Belgium and Flanders, Vlerick Leuven Gent Management School.
12. Hampel, R. (1998) Committee on Corporate Governance. Final Report, GEE.
13. Hellmann, T. and Puri, M. (2000) Venture Capital and the Professionalization of Start-up Firms: Empirical Evidence. Research Paper No. 1661, Graduate School of Business Stanford University.
14. Kaplan, S.N. and Strömberg, P. (2001) Financial Contracting Theory Meets the Real World: An Empirical Analysis of Venture Capital Contracts, http://gsbwww.uchigaco.edu/fac/per.stromberg/research/contract.pdf.
15. Mampaey, G. (2001) Venture Capital and the Financing of Enterprises. BeBAN Colloquium, Vlerick Leuven Gent Management School.
16. Manigart, S. and Sapienza, H.J. (2000) Venture capital and growth. In D.L. Sexton and H. Landstörm, The Blackwell Handbook of Entrepreneurship. Oxford: Blackwell Publishers, 240-258.
17. Manigart, S., De Waele, K., Wright, M., Robbie, K., Desbrières, Ph., Sapienza, H.J. and Beekman, A. (2000) Venture Capitalist, Investment Appraisal and Accounting Information: A Comparative Study of the US, UK, France, Belgium and Holland, European Financial Management, 6, 3.
18. NVCA (2001) Venture Capital Investments Achieve Record Levels in 2000, Washington DC: NVCA, 29 January, http://www.nvca.org/.
19. Rosenstein, J., Bruno, A.V., Bygrave, W.D. and Taylor, N.T. (1993) The CEO, Venture Capitalist, and the Board, Journal of Business Venturing, 8, 99-113.
20. Sapienza, H.J., Manigart, S. and Vermeir, W. (1995) A comparison of venture capitalist governance and value-added in the U.S. and Western Europe, Academy of Management Journal Papers, 105-109.
21. Sapienza, H.J., Manigart, S. and Vermeir, W. (1996) Venture Capital Governance and Value Added in Four Countries, Journal of Business Venturing, 11, 439-469.
22. Strikwerda, H. and Van der Zee, H. (2001) Capturing Value in the New Economy - Turning Aspirations into Profits in Turbulent Times. Nolan Norton & Co, Pearson Education Uitgeverij, Amsterdam.
23. Taylor, B. (2001) From Corporate Governance to Corporate Entrepreneurship. Centre for Board Effectiveness, Henley Management College.
24. Van den Berghe, L. and De Ridder (1999) International Standardisation of Good Corporate Governance: Best Practices for the Board of Directors. Dordrecht: Kluwer Academic.
25. Williamson, O.E. (1975) Markets and Hierarchies. Analysis and Antitrust Implications. New York: the Free Press.
26. World Economic Forum (2001) Conformance or Performance and Other Dilemmas in Corporate Governance. Davos: World Economic Forum.