The syndication of venture capital investments

Omega

Volumn 29, Issue 5, 2001, Pages 375-390

  Lockett, Andy ^a   Wright, Mike ^a  

^a NOTTINGHAM UNIVERSITY BUSINESS SCHOOL   (United Kingdom)

Author keywords

Finance; Resource based theory; Syndication; Venture capital

Indexed keywords

EID: 0042692979     PISSN: 03050483     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0305-0483(01)00024-X     Document Type: Article

References (38)

1. Ruhnka J.C., Young J.E. Some hypothesis about risk in venture capital investing. Journal of Business Venturing. 6(2):1991;115-133.
2. Bygrave W.D., Timmons J.A. Venture capital at the crossroads. 1992;Harvard Business School Press, Boston, MA.
3. Wilson R. The theory of syndicates. Econometrica. 36(1):1968;119-132.
4. Bovaird C. Introduction to venture capital finance. 1990;Pitman, London.
5. Lerner J. The syndication of venture capital investments. Financial Management. 23(3):1994;16-27.
6. Wright M., Robbie K. Venture capital and private equity: a review and synthesis. Journal of Business, Finance and Accounting. 25(5 & 6):1998;521-570.
7. Borch K. Equilibrium in a reinsurance market. Econometrica. 30:1982;424-444.
8. Bygrave W.D. Syndicated investments by venture capital firms: a networking perspective. Journal of Business Venturing. 2:1987;139-154.
9. Bygrave W. The structure of investment networks in the venture capital industry. Journal of Business Venturing. 3:1988;137-157.
10. Garven J.R., Loubergé H. Reinsurance, taxes, and efficiency: a contingent claims model of insurance market equilibrium. Journal of Financial Intermediation. 5:1996;74-93.
11. Norton E, Tenenbaum BH. The effects of venture capitalists' characteristics on the structure of a venture capital deal. Journal of Small Business Management 1993; 32-41.
12. Sahlman W.A. The structure and governance of venture capital organizations. Journal of Financial Economics. 27:1990;473-521.
13. Chiplin B, Robbie K, Wright M. The syndication of venture capital deals: buy-outs and buy-ins. In: Reynolds PD, Bygrave WD, Carter NM, Davidson P, Gartner WB, Mason CM, McDougall P, editors. Frontiers of Entrepreneurship Research 1997, pp. 551-65.
14. Penrose E. The theory of the growth of the firm. 1959;Sharpe, New York.
15. Wernefelt B. A resource based view of the firm. Strategic Management Journal. 5:1984;171-180.
16. Reid G. Venture capital investment: an agency analysis of practice. 1998;Routedge, London.
17. Huntsman B, Hoban J. Investment in new enterprises: some empirical observations on risk, return and market structure. Financial Management 1980; 44-51.
18. Murray G. Early stage venture capital funds, scale economies and public support. Venture Capital. 1(4):1999;351-384.
19. Sah R.K., Stiglitz J.E. The architecture of economic systems: hierarchies and polyarchies. American Economic Review. 76(4):1986;716-727.
20. Manigart S, de Waele K, Wright M, Robbie K, Desbrieres P, Sapienza H, Beekman A. Determinants of required returns in venture capital investments: a five country study. Journal of Business Venturing, 2001, forthcoming.
21. Gupta A.K., Sapienza H.J. Determinants of venture capital firms' preferences regarding the industry diversity and geographic scope of their investments. Journal of Business Venturing. 7:1992;347-362.
22. Dibben M, Harrison R, Mason C. The role of trust in the informal investors' investment decision: an exploratory analysis. In: Wright M, Robbie K, editors. Management buy-outs and venture capital into the millennium. Cheltenham: Edward Elgar, 1999. p. 115-38.
23. Elango B., Fried V., Hisrich R., Polonchek A. How venture capital firms differ. Journal of Business Venturing. 10(2):1995;157-179.
24. Wright M., Robbie K. Venture capitalists, unquoted equity investment appraisal and the role of accounting information. Accounting and Business Research. 26(2):1996;153-168.
25. Barry C. New directions on research in venture capital finance. Financial Management. 23(3):1994;3-15.
26. CMBOR. Trends in management buy-outs, Management Buy-outs: Quarterly Review. Nottingham: Centre for Management Buy-out Research, 1999.
27. Sapienza H.J. When do venture capitalists add value? Journal of Business Venturing. 7:1992;9-27.
28. Wright M., Robbie K., Ennew C. Venture capitalists and serial entrepreneurs. Journal of Business Venturing. 12(3):1997;227-249.
29. De Vaus D.A. Surveys in social research, 3rd ed. 1991;Allen & Unwin, London.
30. Norusis M.J. SPSS for windows: base system users guide release 6.0. 1993;SPSS, Chicago.
31. Sapienza H.J., Korsgaard A. Procedural justice in entrepreneur-investor relations. Academy of Management Journal. 39(3):1996;544-574.
32. Lewicki R, Bunker B. Developing and maintaining trust in work relationships, in: Kramer R, Tyler T, editors. Trust in organizations: frontiers of theory and research. Thousand Oaks, CA: Sage Publications, 1996. p. 114-39.
33. Sapienza H., Manigart S., Vermeir W. Venture capitalist governance and value added in four countries. Journal of Business Venturing. 11(6):1996;439-469.
34. Manigart S., Wright M., Robbie K., Desbrières P., De Waele K. Venture capitalists' appraisal of investment projects: an empirical European study. Entrepreneurship: Theory and Practice. 21(4):1997;29-44.
35. European Venture Capital Association. EVCA yearbook. Zaventem: EVCA, 1994.
36. European Venture Capital Association. EVCA yearbook. Zaventem: EVCA, 1999.
37. Wright M., Robbie K. Investor-led buy-outs: a new strategic option. Long Range Planning. 29(5):1996;691-702.
38. Robbie K., Wright M. Management buy-ins: entrepreneurs, active investors and corporate restructuring. 1996;MUP, Manchester.