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Investment Strategies of Venture Capital Funds : = Tracking US and UK Investment Activities.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	Investment Strategies of Venture Capital Funds :/
Reminder of title:	Tracking US and UK Investment Activities.
Author:	de Castro, Rita Grego.
Description:	1 online resource (51 pages)
Notes:	Source: Masters Abstracts International, Volume: 85-08.
Contained By:	Masters Abstracts International85-08.
Subject:	Finance. -
Online resource:	click for full text (PQDT)
ISBN:	9798381663952

Investment Strategies of Venture Capital Funds : = Tracking US and UK Investment Activities.
de Castro, Rita Grego.

Investment Strategies of Venture Capital Funds :Tracking US and UK Investment Activities. - 1 online resource (51 pages)

Source: Masters Abstracts International, Volume: 85-08.

Thesis (M.A.)--Universidade Catolica Portuguesa (Portugal), 2021.

Includes bibliographical references

The advantages of Corporate Venture Capital (CVC) and Independent Venture Capital (IVC) on successful and profitable exit strategies have increasingly gained interest in VC literature during recent times and literature has found a CVC superiority relative to IVC. This study aims to do an international comparative analysis of the effects of CVC funding on fundraising, duration of investment, and exit strategies across the US and the UK. Through a set of 6562 US and UK formerly VC-backed ventures with first investment date between 1999 and 2014, strong evidence of a positive impact of CVC relative to fully IVC one is found. Results show that CVC-backed ventures receive larger funding amounts and the positive impact of CVC financing on funding is stronger for the UK, when compared to US. US CVC-backed firms host shorter durations before exit, whereas UK CVC-backed start-ups lean towards longer durations than IVC-backed ones. Additionally, CVC-funding decreases duration in US ventures. In addition, funding amount is positively correlated with the likelihood of an IPO exit, yet the impact of duration is ambiguous, in line with the conflicting existing literature. The positive effect of CVC-financing on the probability of an IPO exit is stronger in the UK, when compared to the US. Lastly, results suggest that the English and American VC markets are yet to be perfectly integrated and that theoretical models are more likely to hold in the US, rather than in the UK.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2024

Mode of access: World Wide Web

ISBN: 9798381663952Subjects--Topical Terms:

559073
Finance.
Index Terms--Genre/Form:

554714
Electronic books.

Investment Strategies of Venture Capital Funds : = Tracking US and UK Investment Activities.
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500 $a Source: Masters Abstracts International, Volume: 85-08.
500 $a Advisor: Shuwaikh, Fatima.
502 $a Thesis (M.A.)--Universidade Catolica Portuguesa (Portugal), 2021.
504 $a Includes bibliographical references
520 $a The advantages of Corporate Venture Capital (CVC) and Independent Venture Capital (IVC) on successful and profitable exit strategies have increasingly gained interest in VC literature during recent times and literature has found a CVC superiority relative to IVC. This study aims to do an international comparative analysis of the effects of CVC funding on fundraising, duration of investment, and exit strategies across the US and the UK. Through a set of 6562 US and UK formerly VC-backed ventures with first investment date between 1999 and 2014, strong evidence of a positive impact of CVC relative to fully IVC one is found. Results show that CVC-backed ventures receive larger funding amounts and the positive impact of CVC financing on funding is stronger for the UK, when compared to US. US CVC-backed firms host shorter durations before exit, whereas UK CVC-backed start-ups lean towards longer durations than IVC-backed ones. Additionally, CVC-funding decreases duration in US ventures. In addition, funding amount is positively correlated with the likelihood of an IPO exit, yet the impact of duration is ambiguous, in line with the conflicting existing literature. The positive effect of CVC-financing on the probability of an IPO exit is stronger in the UK, when compared to the US. Lastly, results suggest that the English and American VC markets are yet to be perfectly integrated and that theoretical models are more likely to hold in the US, rather than in the UK.
520 $a As vantagens de financiamento de fundos de Capital de Risco Corporativo (CRC) e de Capital de Risco Independente (CRI) em estrategias de desinvestimento lucrativas e bem-sucedidas tem ganho interesse na literatura inerente a Capital de Risco, existindo superioridade do CRC em relacao ao CRI. Este estudo objetiva uma analise comparativa internacional dos efeitos do financiamento de CRC na captacao de recursos, duracao do investimento e estrategias de desinvestimento nos Estados Unidos (EUA) e Reino Unido (RU). Atraves de uma amostra de 6562 start-ups financiadas com capital de risco, com primeiro investimento entre 1999 e 2014, sao encontradas fortes evidencias de um impacto positivo do CRC em relacao ao CRI. Resultados mostram que empresas financiadas por CRC recebem maior financiamento e o impacto positivo do CRC no financiamento e mais forte no RU, quando comparado aos EUA. Empresas americanas financiadas por CRC revelam duracoes de investimento mais curtas, enquanto start-ups inglesas financiadas por CRC ostentam investimentos mais longos que aquelas financiadas por CRI. O financiamento do CRC diminui a duracao do investimento nos EUA. Resultados mostram que o financiamento esta positivamente correlacionado com a probabilidade de saida atraves de OPI, embora o impacto da duracao seja ambiguo, em linha com a conflitante literatura existente. O efeito positivo do financiamento CRC na probabilidade de saida por OPI e mais forte no RU. Por fim, os resultados sugerem que os mercados de capital de risco ingles e americano nao estao perfeitamente integrados e modelos teoricos se sustentam melhor nos EUA.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2024
538 $a Mode of access: World Wide Web
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710 2 $a Universidade Catolica Portuguesa (Portugal). $3 1469780
773 0 $t Masters Abstracts International $g 85-08.
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