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Article: In their eyes: How entrepreneurs evaluate venture capital firms

TitleIn their eyes: How entrepreneurs evaluate venture capital firms
Authors
Issue Date2011
PublisherInstitutional Investor, Journals. The Journal's web site is located at http://www.iijournals.com/JPE/
Citation
Journal Of Private Equity, 2011, v. 14 n. 2, p. 72-85 How to Cite?
AbstractAlthough the literature on the venture capital industry is extensive, how entrepreneurs perceive their VC investors remains an under-researched topic. The dominant principal–agent model provides a crude picture based on rational assumptions. As such, we still lack accurate understanding of how exactly entrepreneurs view and why they evaluate their VC investors in certain ways. This study attempts to address this gap through a systematic content analysis on 4,653 online comments for 261 VC firms and statistical analyses on numerical ratings. Our results show that entrepreneurs are attentive to certain attitude and behaviors exhibited by VC firms such as late responses and ethical concerns. Statistical analyses also reveal that, surprisingly, VC firms with success records appear to have lower ratings and VC geographic density seems to boost ratings. The implications for practitioners and scholars are discussed. 'Abstract by Institutional Investor, Inc. Journals Group'
Persistent Identifierhttp://hdl.handle.net/10722/139829
ISSN
2015 SCImago Journal Rankings: 0.104
References

 

DC FieldValueLanguage
dc.contributor.authorZheng, Yen_HK
dc.date.accessioned2011-09-23T05:57:16Z-
dc.date.available2011-09-23T05:57:16Z-
dc.date.issued2011en_HK
dc.identifier.citationJournal Of Private Equity, 2011, v. 14 n. 2, p. 72-85en_HK
dc.identifier.issn1096-5572en_HK
dc.identifier.urihttp://hdl.handle.net/10722/139829-
dc.description.abstractAlthough the literature on the venture capital industry is extensive, how entrepreneurs perceive their VC investors remains an under-researched topic. The dominant principal–agent model provides a crude picture based on rational assumptions. As such, we still lack accurate understanding of how exactly entrepreneurs view and why they evaluate their VC investors in certain ways. This study attempts to address this gap through a systematic content analysis on 4,653 online comments for 261 VC firms and statistical analyses on numerical ratings. Our results show that entrepreneurs are attentive to certain attitude and behaviors exhibited by VC firms such as late responses and ethical concerns. Statistical analyses also reveal that, surprisingly, VC firms with success records appear to have lower ratings and VC geographic density seems to boost ratings. The implications for practitioners and scholars are discussed. 'Abstract by Institutional Investor, Inc. Journals Group'-
dc.languageengen_US
dc.publisherInstitutional Investor, Journals. The Journal's web site is located at http://www.iijournals.com/JPE/en_HK
dc.relation.ispartofJournal of Private Equityen_HK
dc.titleIn their eyes: How entrepreneurs evaluate venture capital firmsen_HK
dc.typeArticleen_HK
dc.identifier.emailZheng, Y: yzheng@business.hku.hken_HK
dc.identifier.authorityZheng, Y=rp01450en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.3905/jpe.2011.14.2.072en_HK
dc.identifier.scopuseid_2-s2.0-79952127795en_HK
dc.identifier.hkuros193493en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-79952127795&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume14en_HK
dc.identifier.issue2en_HK
dc.identifier.spage72en_HK
dc.identifier.epage85en_HK
dc.publisher.placeUnited Statesen_HK
dc.identifier.scopusauthoridZheng, Y=12645807000en_HK

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