Download or read book Spatial Proximity Intangibles and Networks in Venture Capital Investments written by Xinyue Cai and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Spatial Proximity in Venture Capital Financing written by Marko Bender and published by Gabler Verlag. This book was released on 2010-12-09 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: Marko Bender analyzes the impact of spatial proximity between venture capitalists and new ventures throughout the investment process. He elaborates a comprehensive theoretical framework and empirically validates resulting hypotheses concerning the observed spatial proximity and the impact of spatial proximity on the likelihood of a venture capital investment using a German dataset.

Download or read book Patterns in Spatial Proximity Between Venture Capital Investors and Investees in Germany written by Marko Bender and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper analyzes patterns in spatial proximity between venture capital investors and investees. We use a data set of 950 dyads of venture capitalists and German new ventures which have closed a financing round between January 2002 and March 2007. We are the first study to use minimum travel time via car or plane as realistic measure of spatial proximity. Our results indicate that different factors relating to characteristics of the new venture, the venture capitalist and the financing round help explain variations in spatial proximity. We find that spatial proximity is more likely for younger ventures, ventures in knowledge-intensive industries, smaller, less specialized, more experienced, semi-profit oriented, or lead-venture capital investors, as well as for very small or very large investment volumes. Another key finding is that spatial proximity is more likely for consecutive financing rounds. Furthermore, we find the effects to be more pronounced for lead-investors. -- Venture capital ; new venture ; spatial proximity ; entrepreneurial

Download or read book Does Venture Capital Investment Really Require Spatial Proximity written by Michael Fritsch and published by . This book was released on 2006 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Patterns in Spatial Proximity Between Venture Capital Investors and Investees in Germany written by Marko Bender and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper analyzes patterns in spatial proximity between venture capital investors and investees. We use a dataset of 1256 dyads of venture capitalists and German new ventures which have closed a financing round between January 2002 and March 2007. Our results indicate that different factors relating to characteristics of the new venture, the venture capitalist and the financing round help explain variations in spatial proximity. We find that spatial proximity is more likely for younger ventures and for smaller, (quasi)-public and less specialized venture capitalists. Our evidence indicates that syndication is associated with a wider geographic spread of investments and that consecutive financing rounds are more likely with close distances. Furthermore, we find different effects for lead- and co-investors. Finally, we discuss implications for entrepreneurs, venture capitalists as well as policy makers and outline areas for future research.

Download or read book Syndication Networks and the Spatial Distribution of Venture Capital Investments written by Olav Sorenson and published by . This book was released on 2012 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sociological investigations of economic exchange pay particular attention to the manner in which institutions and social structures shape transactions among economic actors. Extending this line of inquiry, we explore how interfirm networks in the US venture capital (VC) market from 1986 to 1998 affect the spatial patterns of exchange. We present evidence suggesting that geographic and industry spaces represent natural boundaries that contain the transmission of information about potential investment opportunities. In turn, the highly circumscribed flow of information within these spaces contributes to the geographic- and industry-localization of venture capital investments. After establishing this finding, the majority of our empirical analyses document that the social networks in the venture capital community ? built up through the industry's extensive use of syndicated investing ? facilitate the diffusion of information across geographic and industry boundaries and therefore expand the spatial radius of exchange. We show that VCs that build axial positions in the industry's co-investment network can obtain information from distant sources and hence expand the scope of their investments over time. Consistent with the sociologist's general view of markets, variation across actors in their positioning within the structure of a market appears to differentiate market participants in their ability to overcome boundaries that otherwise would curtail exchange.

Download or read book Is Venture Capital a Local Business A Test of the Proximity and Network Hypotheses written by Robert Wuebker and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Venture capital (VC) investment has long been conceptualized as a local business, in which the VC's ability to source, syndicate, fund, monitor, and add value to portfolio firms critically depends on their access to knowledge obtained through their ties to the local (i.e., geographically proximate) social network. Curiously, emerging research on VC investment practice within the United States finds that cross-border investment has become increasingly common and that cross-border investment, as measured by “exits” (either initial public offering or merger & acquisition) out-performs local investment. These findings raise important questions about role of proximity in VC performance, and, more specifically, about the relationship between geographic and relational proximity in social networks. To more deeply probe these questions, we develop theory and test it by contrasting the deal and syndicate structure used to implement cross-border VC investment with those used for domestic VC investments. Evidence from 139,892 rounds of venture capital financing in the period 1980-2009 raises questions about the “local business” hypothesis and suggests that that the effects of geographic and relational proximity on VC firm performance differ. We conclude the evidence raises important questions about role of proximity in social networks, as well as the ability of VC firms to capture and lever the presumed benefits of local social network membership.

Download or read book Is Venture Capital a Local Business A Test of the Proximity and Local Network Hypotheses written by Robert Wuebker and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Spatial Dynamics Networks and Modelling written by Reggiani, A. Nijkamp, P. and published by Edward Elgar Publishing. This book was released on 2006-05-25 with total page 519 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'the editors have done an excellent job in bringing together a comprehensive collection of cutting edge research findings on network theory. . .' - Sierdjan Koster, European Spatial Research and Policy

Download or read book Venture Capital Beyond Boundaries written by Gerro Vonk and published by . This book was released on 1988 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Oxford Handbook of Inter organizational Relations written by Steve Cropper and published by Oxford Handbooks Online. This book was released on 2008 with total page 808 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inter-organizational relations (IOR), the study of Strategic Alliances, Joint Ventures, Partnerships, Networks and other forms of relationship between organizations, is a field of study that has burgeoned over the last four decades, but is fragemented, drawing contributions from a wide variety of disciplines, theoretical bases, and sectoral interests. The Oxford Handbook of Inter-Organizational Relations provides a structured overview of the field. With contributions from leading international experts on their particular areas of expertise, it is an authoritative introduction to its research findings. The material is organized in three main sections. The first relates to research that focuses on particular manifestations of IORs such as industry, supply, policy and project networks, public and voluntary sector partnerships, strategic alliances, and so on. The second section relates to research that stems from distinct disciplinary or theoretical bases, including, institutional theory, social networks, evolutionary theory, transaction cost economics, management process, psychology, critical theory political theory, economic geography, and the legal perspective. The third section focuses on key topics in contemporary IOR topics--or those that will become so in the future. These include, trust, power, development interventions, social capital, learning and knowledge, dynamics and change, and evaluation. About the Series Oxford Handbooks in Business & Management bring together the world's leading scholars on the subject to discuss current research and the latest thinking in a range of interrelated topics including Strategy, Organizational Behavior, Public Management, International Business, and many others. Containing completely new essays with extensive referencing to further reading and key ideas, the volumes, in hardback or paperback, serve as both a thorough introduction to a topic and a useful desk reference for scholars and advanced students alike.

Download or read book Temporal Changes in the Spatial Distribution of Venture Capital Investment to Biotechnology Companies Within the United States written by and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of this research is to investigate temporal changes in the spatial distribution of venture capital investments to biotechnology companies within the United States. Data included venture capital to biotech investments from 1995 to 2005. Venture capital and biotech data from the Money Tree Report, were gathered, analyzed, and mapped to show if a spatial relationship exists. The research examined venture capital investments at both the individual and the aggregated levels. At the individual level, the research examined whether the amount of investments a biotech company receives are influenced by physical distance to its closest investor, number of venture capitalists, time, region, sequence, company size, stage of development, etc. The research also included an aggregated study examining the changing patterns of investments in metropolitan areas. This research further enhances knowledge on the spatial distribution of investments.

Download or read book The Age of Intelligent Cities written by Nicos Komninos and published by Routledge. This book was released on 2014-08-27 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book concludes a trilogy that began with Intelligent Cities: Innovation, Knowledge Systems and digital spaces (Routledge 2002) and Intelligent Cities and Globalisation of Innovation Networks (Routledge 2008). Together these books examine intelligent cities as environments of innovation and collaborative problem-solving. In this final book, the focus is on planning, strategy and governance of intelligent cities. Divided into three parts, each section elaborates upon complementary aspects of intelligent city strategy and planning. Part I is about the drivers and architectures of the spatial intelligence of cities, while Part II turns to planning processes and discusses top-down and bottom-up planning for intelligent cities. Cities such as Amsterdam, Manchester, Stockholm and Helsinki are examples of cities that have used bottom-up planning through the gradual implementation of successive initiatives for regeneration. On the other hand, Living PlanIT, Neapolis in Cyprus, and Saudi Arabia intelligent cities have started with the top-down approach, setting up urban operating systems and common central platforms. Part III focuses on intelligent city strategies; how cities should manage the drivers of spatial intelligence, create smart environments, mobilise communities, and offer new solutions to address city problems. Main findings of the book are related to a series of models which capture fundamental aspects of intelligent cities making and operation. These models consider structure, function, planning, strategies toward intelligent environments and a model of governance based on mobilisation of communities, knowledge architectures, and innovation cycles.

Download or read book Handbook of Cities and Networks written by Neal, Zachary P. and published by Edward Elgar Publishing. This book was released on 2021-07-31 with total page 672 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook of Cities and Networks provides a cutting-edge overview of research on how economic, social and transportation networks affect processes both in and between cities. Exploring the ways in which cities connect and intertwine, it offers a varied set of collaborations, highlighting different theoretical, historical and methodological perspectives.

Download or read book The Economic Importance of Intangible Assets written by Patrizio Bianchi and published by Routledge. This book was released on 2017-11-30 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the result of a two-year interdisciplinary research programme named PRISM (Policy making, Reporting and measuring, Intangibles, Skills development and Management), financed by the European Commission and aimed both at understanding better how these assets are created and developed and what the policy implications of their growing importance in economies are. The book focuses on the policy issues raised by the increasing importance of intangible assets in a country's growth and competitiveness. The main idea is that the value of intangible assets, which is imperfectly captured by current economic indicators and imperfectly formalized in economic theory, lies in their being the cumulative elements that keep the economy together - the glue of the system. This argument leads to the focus on networks and social capital as drivers of the development of intangible assets and is illustrated by the case of EU innovation and knowledge diffusion policy.

Download or read book Venture Capital Investments Through the Lens of Network and Functional Data Analysis written by Christian Esposito and published by . This book was released on 2022 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we characterize the performance of venture capital- backed firms based on their ability to attract investment. The aim of the study is to identify relevant predictors of success built from the network structure of firms' and investors' relations. Focusing on deal-level data for the health sector, we first create a bipartite network among firms and investors, and then apply functional data analysis (FDA) to derive progressively more refined indicators of success captured by a binary, a scalar and a functional outcome. More specifically, we use different network centrality measures to capture the role of early investments for the success of the firm. Our results, which are robust to different specifications, suggest that success has a strong positive association with centrality measures of the firm and of its large in- vestors, and a weaker but still detectable association with centrality measures of small investors and features describing firms as knowl- edge bridges. Finally, based on our analyses, success is not associated with firms' and investors' spreading power (harmonic centrality), nor with the tightness of investors' community (clustering coefficient) and spreading ability (VoteRank).

Download or read book Determinants of Cross Border Venture Capital Investments in Emerging and Developed Economies written by Daniel Hain and published by . This book was released on 2016 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: Frequent and open interaction between venture capitalists (VCs) and entrepreneurs is necessary for venture capital investments to occur. Increasingly, these investments are made across jurisdictions. The vast majority of these cross-border investments are carried out in a syndicate of two or more VCs, indicating the effects of intra-industry networks needing further analysis. Using China as a model, we provide a novel multidimensional framework to explain cross-border investments in innovative ventures across developed and emerging economies. By analyzing a unique international dataset, we examine worldwide venture capital investment flows from 2000-2012 and consider the effects of geographical, cultural, and institutional proximity as well as institutional and relational trust. We find trust to mitigate the negative effects of geographical and cultural distance; where institutional trust is more relevant for investments in emerging economies, relational trust is more relevant for investments in developed economies.