Hardback
Entrepreneurship and the Financial Community
Starting up and Growing New Businesses
9781845426477 Edward Elgar Publishing
This highly accessible book brings together the insights of leading academics and researchers to promote a better understanding of the role of private equity providers in the development of growth-oriented start-ups and the management of growth processes.
More Information
Critical Acclaim
Contributors
Contents
More Information
This highly accessible book brings together the insights of leading academics and researchers to promote a better understanding of the role of private equity providers in the development of growth-oriented start-ups and the management of growth processes.
The book explores the domain of start-up and business venturing, and within this realm, the perspectives of the entrepreneur, the venture capitalist, the financial community and the role of government in private equity are considered. Specifically, topics discussed include:
• the venture capital industry
• investment in venture capital funds in Europe
• the Equity Gap
• European private equity funds
• the role of private equity in the creation of university spin-out companies
• motivation of entrepreneurs towards private equity operations.
Providing theoretical frameworks together with practical conclusions and implications, this book will be warmly welcomed by academics and practitioners alike. It will be of particular value to scholars with an interest in business, management and entrepreneurship, to investment professionals and policy advisors involved in stimulating entrepreneurship, and, of course, to entrepreneurs themselves.
The book explores the domain of start-up and business venturing, and within this realm, the perspectives of the entrepreneur, the venture capitalist, the financial community and the role of government in private equity are considered. Specifically, topics discussed include:
• the venture capital industry
• investment in venture capital funds in Europe
• the Equity Gap
• European private equity funds
• the role of private equity in the creation of university spin-out companies
• motivation of entrepreneurs towards private equity operations.
Providing theoretical frameworks together with practical conclusions and implications, this book will be warmly welcomed by academics and practitioners alike. It will be of particular value to scholars with an interest in business, management and entrepreneurship, to investment professionals and policy advisors involved in stimulating entrepreneurship, and, of course, to entrepreneurs themselves.
Critical Acclaim
‘. . . an interesting compilation of studies within a field of venture capital and entrepreneurship. . . will be of interest to various stakeholders such as investors, entrepreneurs and policymakers who are interested in the financing of young ventures. To some extent the book can be regarded as a gateway to scientific knowledge within the field.’
– Hans Landström, International Small Business Journal
– Hans Landström, International Small Business Journal
Contributors
Contributors: R. Aernoudt, R.P. Bagozzi, S. Barnes, M. Bergami, C. Beuselinck, R. Büscher, B. Clarysse, D. De Clercq, A. de San José Riestra, C. Diller, D. Dimov, V.H. Fried, R.T. Harrison, T. Hogan, E. Hutson, C. Kaserer, M. Knockaert, C.M. Leitch, A. Lockett, M.M. Mäkelä, S. Manigart, M.V.J. Maula, V. Menzies, G. Morandin, G. Murray, J. Roure, T. Schamp, T. Van Cauwenberge, C. Van Eekhout, M. Wright
Contents
Contents:
Preface
Foreword
Reinhard Büscher
Introduction
PART I: THE FINANCIAL COMMUNITY’S PERSPECTIVE ON THE ROLE OF PRIVATE EQUITY
1. Investment in Venture Capital Funds in Europe
Simon Barnes and Vanessa Menzies
2. An Analysis of the Selection Behaviour of Early-Stage High-Tech Investors in Europe
Bart Clarysse, Mirjam Knockaert, Andy Lockett and Caroline Van Eeckhout
3. Private Equity Investors, Corporate Governance and Professionalization
Christof Beuselinck, Sophie Manigart and Tom Van Cauwenberge
4. The Impact of Capital Inflows and Management Skills on the Performance of European Private Equity Funds
Christoph Kaserer and Christian Diller
5. Business Angels Academies: Unleashing the Potential for Business Angel Investment
Juan Roure, Rudy Aernoudt and Amparo de San José Riestra
PART II: THE ENTREPRENEUR’S PERSPECTIVE ON THE ROLE OF PRIVATE EQUITY
6. The Motivation of Entrepreneurs Toward Private Equity Financing: A Laddering Approach
Gabriele Morandin, Massimo Bergami and Richard P. Bagozzi
7. What Factors Determine the Use of Venture Capital? Evidence from the Irish Software Sector
Teresa Hogan and Elaine Hutson
8. Cross-Border Venture Captalists’ Support for the Internationalization of New Software Ventures
Markus M. Mäkelä and Markku V.J. Maula
9. Venture Capitalists’ Communication and Commitment: A Practitioner’s Perspective
Dirk De Clercq and Vance H. Fried
PART III: PRIVATE EQUITY AND THE ROLE OF PUBLIC POLICY IN EUROPE
10. Private Equity and the Development of University Spin-Out Companies
Mike Wright and Andy Lockett
11. Dynamics of University Spin-Out Companies: Entrepreneurial Ventures of Technology Lifestyle Businesses?
Richard T. Harrison and Claire M. Leitch
12. Through a Glass Darkly: New Perspectives on the Equity Gap
Gordon Murray and Dimo Dimov
13. Innovation, Technology Transfer and the Equity Gap: A European Perspective
Tom Schamp
Index
Preface
Foreword
Reinhard Büscher
Introduction
PART I: THE FINANCIAL COMMUNITY’S PERSPECTIVE ON THE ROLE OF PRIVATE EQUITY
1. Investment in Venture Capital Funds in Europe
Simon Barnes and Vanessa Menzies
2. An Analysis of the Selection Behaviour of Early-Stage High-Tech Investors in Europe
Bart Clarysse, Mirjam Knockaert, Andy Lockett and Caroline Van Eeckhout
3. Private Equity Investors, Corporate Governance and Professionalization
Christof Beuselinck, Sophie Manigart and Tom Van Cauwenberge
4. The Impact of Capital Inflows and Management Skills on the Performance of European Private Equity Funds
Christoph Kaserer and Christian Diller
5. Business Angels Academies: Unleashing the Potential for Business Angel Investment
Juan Roure, Rudy Aernoudt and Amparo de San José Riestra
PART II: THE ENTREPRENEUR’S PERSPECTIVE ON THE ROLE OF PRIVATE EQUITY
6. The Motivation of Entrepreneurs Toward Private Equity Financing: A Laddering Approach
Gabriele Morandin, Massimo Bergami and Richard P. Bagozzi
7. What Factors Determine the Use of Venture Capital? Evidence from the Irish Software Sector
Teresa Hogan and Elaine Hutson
8. Cross-Border Venture Captalists’ Support for the Internationalization of New Software Ventures
Markus M. Mäkelä and Markku V.J. Maula
9. Venture Capitalists’ Communication and Commitment: A Practitioner’s Perspective
Dirk De Clercq and Vance H. Fried
PART III: PRIVATE EQUITY AND THE ROLE OF PUBLIC POLICY IN EUROPE
10. Private Equity and the Development of University Spin-Out Companies
Mike Wright and Andy Lockett
11. Dynamics of University Spin-Out Companies: Entrepreneurial Ventures of Technology Lifestyle Businesses?
Richard T. Harrison and Claire M. Leitch
12. Through a Glass Darkly: New Perspectives on the Equity Gap
Gordon Murray and Dimo Dimov
13. Innovation, Technology Transfer and the Equity Gap: A European Perspective
Tom Schamp
Index
