| Description |
1 online resource (196 pages) |
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text file |
| Series |
Innovation, entrepreneurship and management series. Innovation between risk and reward set ; volume 6
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| Contents |
Machine generated contents note: ch. 1 Venture Capital, Behavior and Performance of Stakeholders -- 1.1. The analytical framework -- 1.1.1. The contractual model and agency problems -- 1.1.2. The resource-dependent approach -- 1.2. From the theoretical framework to the empirical findings: observed behaviors -- 1.2.1. Methodological problems -- 1.2.2. The arbitrations made: the entrepreneurial risk -- 1.2.3. The change of the relationships over time -- 1.2.4. Behaviors of refusal -- 1.2.5. Risk aversion of venture capitalists -- 1.3. The contribution of venture capital to the performance of innovative companies -- 1.3.1. Innovation, growth and employment -- 1.3.2. Survival rates and entrepreneurial persistence -- 1.4. Conclusion -- ch. 2 The Sectoral Dynamics of Venture Capital -- 2.1. Orientation by sector -- 2.1.1. The orientation of venture capital by sector in the United States -- 2.1.2. The trajectory in Europe -- 2.1.3. The lessons learned -- 2.2. High-tech industries, a less stable group |
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Note continued: 2.2.1. Knowledge base, high-tech sectors, and venture capital: the macroeconomic influence -- 2.2.2. The influence of advanced industries on the performance of the US economy -- 2.2.3. Business creation, growth thresholds, and the new technology sector -- 2.2.4. Elements of explanation -- 2.3. An econometric model for determining high-tech investment in Europe -- 2.3.1. The approach used: the analytical framework and assumptions made -- 2.3.2. The econometric model -- 2.3.3. Results and discussion -- 2.4. Conclusion -- ch. 3 The Three Structures for Interpreting Venture Capital: The Market, Industry and Institutions -- 3.1. An interpretation of venture capital in market terms -- 3.1.1. From market efficiency to wealth creation -- 3.1.2. Characteristics and functions of the market -- 3.1.3. The venture capital market -- 3.1.4. Why talk about a new market? -- 3.1.5. Risk management at market levels -- 3.2. An interpretation of venture capital in terms of industry |
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Note continued: 3.2.1. The spread of an industrial logic -- 3.2.2. The relative weight of venture capital investment in relation to GDP -- 3.3. The role of institutions in the dynamics of the venture capital industry -- 3.3.1. An econometric model for determining venture capital investment -- 3.3.2. Specific analysis of institutional factors -- 3.4. Conclusion. |
| Summary |
The funding of innovative projects that are fundamentally ambiguous often leads to situations where decision-making is difficult. However, decision-making can be improved by practices such as syndication and step-by-step funding. The dynamic of this industry requires us to consider the economic and institutional variables that make this system coherent in English-speaking countries, but conversely reduce it to a privileged niche by the leading authorities in Europe and France. This book proposes two guiding ideas. The first idea presents innovation as a very uncertain process. This modifies the decision-making in the entrepreneurial ecosystem, with intervention upstream in regards to stronger foundations, evaluations and selection of projects. The second idea is that the actors hold onto partial knowledge in a context where their attention span is limited. These cognitive limitations need the formation of networks, and lead to mutual and complementary dependency relations. |
| Added Author |
Montchaud, Sandra, author.
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Safari, an O'Reilly Media Company.
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| Standard No. |
9781786300690 |
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