Venture capital and risk in high-technology enterprises

Gavin C. Reid, Julia A. Smith

Research output: Contribution to journalArticle

Abstract

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).
LanguageEnglish
Pages227-244
Number of pages17
JournalInternational Journal of Business and Economics
Volume2
Issue number3
Publication statusPublished - 31 Dec 2003

Fingerprint

Venture capital
High technology
Investors
Entrepreneurs
Market risk
Empowerment
Factors
Ranking
Alignment

Keywords

  • principal-agent
  • high-tech
  • risk

Cite this

@article{9c947e9b022d444b9cbfe94afdbb262b,
title = "Venture capital and risk in high-technology enterprises",
abstract = "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).",
keywords = "principal-agent, high-tech, risk",
author = "Reid, {Gavin C.} and Smith, {Julia A.}",
year = "2003",
month = "12",
day = "31",
language = "English",
volume = "2",
pages = "227--244",
journal = "International Journal of Business and Economics",
issn = "1607-0704",
number = "3",

}

Venture capital and risk in high-technology enterprises. / Reid, Gavin C.; Smith, Julia A.

In: International Journal of Business and Economics, Vol. 2, No. 3, 31.12.2003, p. 227-244.

Research output: Contribution to journalArticle

TY - JOUR

T1 - Venture capital and risk in high-technology enterprises

AU - Reid, Gavin C.

AU - Smith, Julia A.

PY - 2003/12/31

Y1 - 2003/12/31

N2 - 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).

AB - 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).

KW - principal-agent

KW - high-tech

KW - risk

UR - http://www.ijbe.org/table%20of%20content/pdf/vol2-3/vol2-3-05.PDF

M3 - Article

VL - 2

SP - 227

EP - 244

JO - International Journal of Business and Economics

T2 - International Journal of Business and Economics

JF - International Journal of Business and Economics

SN - 1607-0704

IS - 3

ER -