메뉴 건너뛰기




Volumn 37, Issue 3, 2013, Pages 707-716

The investment strategies of publicly sponsored venture capital funds

Author keywords

Duration; Public venture capital; Write off

Indexed keywords


EID: 84872265517     PISSN: 03784266     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jbankfin.2012.10.018     Document Type: Article
Times cited : (44)

References (34)
  • 1
    • 33749632310 scopus 로고    scopus 로고
    • The legislative road to Silicon Valley
    • Armour J., Cumming D.J. The legislative road to Silicon Valley. Oxford Economic Papers 2006, 58(4):596-635.
    • (2006) Oxford Economic Papers , vol.58 , Issue.4 , pp. 596-635
    • Armour, J.1    Cumming, D.J.2
  • 2
    • 33751237973 scopus 로고    scopus 로고
    • Creating venture capital industries that co-evolve with high tech: insights from an extended industry life cycle perspective of the Israeli experience
    • Avnimelech G., Teubal M. Creating venture capital industries that co-evolve with high tech: insights from an extended industry life cycle perspective of the Israeli experience. Research Policy 2006, 35:1477-1498.
    • (2006) Research Policy , vol.35 , pp. 1477-1498
    • Avnimelech, G.1    Teubal, M.2
  • 3
    • 0036175557 scopus 로고    scopus 로고
    • Capital market imperfections, high-tech investment and new equity financing
    • Carpenter R., Petersen B. Capital market imperfections, high-tech investment and new equity financing. Economic Journal 2002, 112:54-72.
    • (2002) Economic Journal , vol.112 , pp. 54-72
    • Carpenter, R.1    Petersen, B.2
  • 5
    • 77953147271 scopus 로고    scopus 로고
    • Ownership structure, internal financing and investment dynamics
    • Crespi F., Scellato G. Ownership structure, internal financing and investment dynamics. The Manchester School 2010, 78(3):242-258.
    • (2010) The Manchester School , vol.78 , Issue.3 , pp. 242-258
    • Crespi, F.1    Scellato, G.2
  • 6
    • 0036168243 scopus 로고    scopus 로고
    • Funding gaps: a symposium
    • Cressy R. Funding gaps: a symposium. Economic Journal 2002, 112(477):F1-F16.
    • (2002) Economic Journal , vol.112 , Issue.477
    • Cressy, R.1
  • 7
    • 33749612106 scopus 로고    scopus 로고
    • Government policy towards entrepreneurial finance: innovation investment funds
    • Cumming D.J. Government policy towards entrepreneurial finance: innovation investment funds. Journal of Business Venturing 2007, 22(2):193-235.
    • (2007) Journal of Business Venturing , vol.22 , Issue.2 , pp. 193-235
    • Cumming, D.J.1
  • 8
    • 52449132640 scopus 로고    scopus 로고
    • Contracts and exits in venture capital finance
    • Cumming D.J. Contracts and exits in venture capital finance. The Review of Financial Studies 2008, 21(5):1947-1982.
    • (2008) The Review of Financial Studies , vol.21 , Issue.5 , pp. 1947-1982
    • Cumming, D.J.1
  • 12
    • 33746635221 scopus 로고    scopus 로고
    • Public policy and the creation of active venture capital markets
    • Da Rin M., Nicodano G., Sembenelli A. Public policy and the creation of active venture capital markets. Journal of Public Economics 2006, 90:1699-1723.
    • (2006) Journal of Public Economics , vol.90 , pp. 1699-1723
    • Da Rin, M.1    Nicodano, G.2    Sembenelli, A.3
  • 13
    • 0001138987 scopus 로고    scopus 로고
    • Rational herding in financial economics
    • Devenow A., Welch I. Rational herding in financial economics. European Economic Review 1996, 40(3-5):603-615.
    • (1996) European Economic Review , vol.40 , Issue.3-5 , pp. 603-615
    • Devenow, A.1    Welch, I.2
  • 14
    • 1542532754 scopus 로고    scopus 로고
    • A proportional hazards model for the subdistribution of a competing risk
    • Fine J., Gray R. A proportional hazards model for the subdistribution of a competing risk. Journal of the American Statistical Association 1999, 94:496-509.
    • (1999) Journal of the American Statistical Association , vol.94 , pp. 496-509
    • Fine, J.1    Gray, R.2
  • 15
    • 84872268461 scopus 로고    scopus 로고
    • The Analysis of Competing Risks Data. Working Paper, University of Southern Denmark.
    • Gichangi, A., Werner, V., 2005. The Analysis of Competing Risks Data. Working Paper, University of Southern Denmark.
    • (2005)
    • Gichangi, A.1    Werner, V.2
  • 16
    • 0142139116 scopus 로고    scopus 로고
    • Engineering a venture capital market: lessons from the American experience
    • Gilson R.J. Engineering a venture capital market: lessons from the American experience. Stanford Law Review 2003, 55(4):1067-1103.
    • (2003) Stanford Law Review , vol.55 , Issue.4 , pp. 1067-1103
    • Gilson, R.J.1
  • 17
    • 33847166170 scopus 로고    scopus 로고
    • IPOs, trade sales and liquidations: modelling venture capital exits using survival analysis
    • Giot P., Schwienbacher A. IPOs, trade sales and liquidations: modelling venture capital exits using survival analysis. Journal of Banking and Finance 2007, 31(3):679-702.
    • (2007) Journal of Banking and Finance , vol.31 , Issue.3 , pp. 679-702
    • Giot, P.1    Schwienbacher, A.2
  • 19
    • 79957555019 scopus 로고    scopus 로고
    • The first step of the capital flow from institutions to entrepreneurs: the criteria for sorting venture capital funds
    • Groh A.P., von Liechtenstein H. The first step of the capital flow from institutions to entrepreneurs: the criteria for sorting venture capital funds. European Financial Management 2011, 17(3):532-559.
    • (2011) European Financial Management , vol.17 , Issue.3 , pp. 532-559
    • Groh, A.P.1    von Liechtenstein, H.2
  • 20
    • 0036253161 scopus 로고    scopus 로고
    • The financing of research and development
    • Hall B.H. The financing of research and development. Oxford Review of Economic Policy 2002, 18(1):35-51.
    • (2002) Oxford Review of Economic Policy , vol.18 , Issue.1 , pp. 35-51
    • Hall, B.H.1
  • 21
    • 34548443362 scopus 로고    scopus 로고
    • Profit distribution and compensation structures in publicly and privately funded hybrid venture capital funds
    • Jääskeläinen M., Maula M., Murray G. Profit distribution and compensation structures in publicly and privately funded hybrid venture capital funds. Research Policy 2007, 36:913-929.
    • (2007) Research Policy , vol.36 , pp. 913-929
    • Jääskeläinen, M.1    Maula, M.2    Murray, G.3
  • 22
    • 0034553083 scopus 로고    scopus 로고
    • Assessing the contribution of venture capital to innovation
    • Kortum S., Lerner J. Assessing the contribution of venture capital to innovation. Rand Journal of Economics 2000, 31(4):674-692.
    • (2000) Rand Journal of Economics , vol.31 , Issue.4 , pp. 674-692
    • Kortum, S.1    Lerner, J.2
  • 23
    • 0037213857 scopus 로고    scopus 로고
    • Public versus private venture capital: seeding or crowding out? A pan-European analysis
    • Leleux B., Surlemont B. Public versus private venture capital: seeding or crowding out? A pan-European analysis. Journal of Business Venturing 2003, 18(1):81-104.
    • (2003) Journal of Business Venturing , vol.18 , Issue.1 , pp. 81-104
    • Leleux, B.1    Surlemont, B.2
  • 24
    • 0040705370 scopus 로고    scopus 로고
    • The government as venture capitalist: the long-run impact of the SBIR program
    • Lerner J. The government as venture capitalist: the long-run impact of the SBIR program. Journal of Business 1999, 72(3):285-318.
    • (1999) Journal of Business , vol.72 , Issue.3 , pp. 285-318
    • Lerner, J.1
  • 25
    • 0036179278 scopus 로고    scopus 로고
    • When bureaucrats meet entrepreneurs: the design of effective 'public venture capital' programmes
    • Lerner J. When bureaucrats meet entrepreneurs: the design of effective 'public venture capital' programmes. Economic Journal 2002, 112(477):F73-F84.
    • (2002) Economic Journal , vol.112 , Issue.477
    • Lerner, J.1
  • 26
    • 0000329790 scopus 로고    scopus 로고
    • Financial development and economic growth: views and agenda
    • Levine R. Financial development and economic growth: views and agenda. Journal of Economic Literature 1997, 35(2):688-726.
    • (1997) Journal of Economic Literature , vol.35 , Issue.2 , pp. 688-726
    • Levine, R.1
  • 27
    • 84872276243 scopus 로고    scopus 로고
    • Summary Report on Hybrid Venture Capital Schemes. Working Paper, National Audit Office.
    • Liu, W., Murray, G.C., 2009. Summary Report on Hybrid Venture Capital Schemes. Working Paper, National Audit Office.
    • (2009)
    • Liu, W.1    Murray, G.C.2
  • 28
    • 84872275980 scopus 로고    scopus 로고
    • Finnish Industry Investment Ltd.: An international evaluation. Working Paper 1/2003, Ministry of Trade and Industry.
    • Maula, M.V.J., Murray, G.C., 2003. Finnish Industry Investment Ltd.: An international evaluation. Working Paper 1/2003, Ministry of Trade and Industry.
    • (2003)
    • Maula, M.V.J.1    Murray, G.C.2
  • 29
    • 80051688508 scopus 로고    scopus 로고
    • Venture capital and other private equity: a survey
    • Metrick A., Yasuda A. Venture capital and other private equity: a survey. European Financial Management 2011, 17(4):619-654.
    • (2011) European Financial Management , vol.17 , Issue.4 , pp. 619-654
    • Metrick, A.1    Yasuda, A.2
  • 30
    • 84872263786 scopus 로고    scopus 로고
    • NESTA, From Funding Gaps to Thin Markets. UK Government support for early-stage venture capital. Research report, NESTA.
    • NESTA, 2009. From Funding Gaps to Thin Markets. UK Government support for early-stage venture capital. Research report, NESTA.
    • (2009)
  • 32
    • 33846486696 scopus 로고    scopus 로고
    • Patents, firm size and financial constraints: an empirical analysis for a sample of Italian manufacturing firms
    • Scellato G. Patents, firm size and financial constraints: an empirical analysis for a sample of Italian manufacturing firms. Cambridge Journal of Economics 2007, 31(1):55-76.
    • (2007) Cambridge Journal of Economics , vol.31 , Issue.1 , pp. 55-76
    • Scellato, G.1
  • 33
    • 55749104261 scopus 로고    scopus 로고
    • Does finance matters for R&D investment? New evidence from a panel of Italian firms
    • Ughetto E. Does finance matters for R&D investment? New evidence from a panel of Italian firms. Cambridge Journal of Economics 2008, 32(6):907-925.
    • (2008) Cambridge Journal of Economics , vol.32 , Issue.6 , pp. 907-925
    • Ughetto, E.1
  • 34
    • 70349981189 scopus 로고    scopus 로고
    • Industrial districts and financial constraints to innovation
    • Ughetto E. Industrial districts and financial constraints to innovation. International Review of Applied Economics 2009, 23(5):597-624.
    • (2009) International Review of Applied Economics , vol.23 , Issue.5 , pp. 597-624
    • Ughetto, E.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.