Venture capital and risk in high-technology enterprises

Gavin C. Reid, Julia A. Smith

Research output: Contribution to journalArticlepeer-review

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We find UK investors and entrepreneurs are significantly concordant in rankings of investments and key factors for risk but significantly discordant on risk classes. Investors emphasise agency risk (e.g., motivation, empowerment, alignment), and entrepreneurs emphasise business risk (e.g., market opportunities).
Original languageEnglish
Pages (from-to)227-244
Number of pages17
JournalInternational Journal of Business and Economics
Issue number3
Publication statusPublished - 31 Dec 2003


  • principal-agent
  • high-tech
  • risk


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