Please use this identifier to cite or link to this item:
http://hdl.handle.net/10174/33363
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| Title: | The impact of concentration among venture capitalists: revisiting the determinants of venture capital |
| Authors: | Félix, Elisabete G. S.
Nunes, José Carlos
Pires, Cesaltina Pacheco |
| Keywords: | Venture capital determinants
Europe
Herfindahl – Hirschman Index
Improvement-Driven Opportunity Entrepreneurial Activity
Simultaneous Equation Model |
| Issue Date: | 2022 |
| Publisher: | Routledge, Taylor & Francis Group |
| Citation: | Félix, E.G.S., Nunes, J.C. and Pires, C.P., 2022. The impact of concentration among Venture Capitalists: Revisiting the determinants of Venture Capital. Venture Capital: An International Journal of Entrepreneurial Finance. DOI: 10.1080/13691066.2022.2147876 |
| Abstract: | This article analyzes the impact of the level of concentration among Venture Capitalists (VCs) on the supply of venture capital (VC), through the reduced form model for the equilibrium amount of VC (using a simultaneous equation model on aggregated data from 15 European countries). It is shown that the level of concentration among VCs has a positive effect on VC supply, so creating conditions to increase the level of concentration can stimulate VC supply.
The findings reveal the importance of unemployment and personal income rate on VC demand and the positive impact of stock market capitalization on VC supply. |
| URI: | https://doi.org/10.1080/13691066.2022.2147876
http://hdl.handle.net/10174/33363 |
| Type: | article |
| Appears in Collections: | CEFAGE - Publicações - Artigos em Revistas Internacionais Com Arbitragem Científica
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CEFAGE - Publicações - Artigos em Revistas Internacionais Com Arbitragem Científica /
