Literature Review on the Governmental Venture Capital Academic Articles Between 2000 and 2018

Venture capital and government involvement from a qualitative systematic literature review perspective

Acta Oeconomica ◽

10.1556/032.2021.00044 ◽

2021 ◽

Vol 71 (4) ◽

pp. 645-663

Keyword(s):

Literature Review ◽

Venture Capital ◽

Systematic Literature Review ◽

Capital Market ◽

Research Field ◽

Market Failures ◽

Comprehensive Overview ◽

The Government ◽

Private Venture ◽

Governmental Venture Capital

Abstract The financing of young start-up companies is hindered by market failures that prompt governments around the world to intervene at the venture capital market. The aim of this paper is to give a comprehensive overview on this research field based on sound systematic literature review methodology, which was never done before. We found three major themes: pure governmental venture capital involvement, governmental-private venture capital cooperation, and governmental involvement in the financing of pre-seed startups. The evaluation of the governmental efforts varies according to these themes and also the investigated geographic location. Generally, pure governmental venture capital is the most controversial theme, the government-private cooperation is mostly viewed in a positive light, while the authors almost unanimously praise the government’s efforts when financing pre-seed startups. We found that the success of governmental venture capital should not be judged based on the realized return of its investments, since profit maximalization is not its goal. The governments try to alleviate market failures at the venture capital market and transition financed startup companies to private financing. Thus, we advise researchers to use the number of this type of successful transitions as the success criteria of governmental investments.

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INSTITUTIONAL DETERMINANTS OF VENTURE CAPITAL ACTIVITY: AN EMPIRICALLY DRIVEN LITERATURE REVIEW AND A RESEARCH AGENDA

Journal of Economic Surveys ◽

10.1111/joes.12319 ◽

2019 ◽

Vol 33 (4) ◽

pp. 1094-1122 ◽

Cited By ~ 1

Author(s):

Luca Grilli ◽

Gresa Latifi ◽

Boris Mrkajic

Keyword(s):

Literature Review ◽

Venture Capital ◽

Research Agenda ◽

Institutional Determinants

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PEMILIHAN LOKASI PABRIK GULA GUNUNGSARI OLEH HANDELSVEREENIGING AMSTERDAM (HVA): ANALISIS KERUANGAN SALAH SATU "SISTER FACTORY" PABRIK GULA JATIROTO

Kindai Etam: Jurnal Penelitian Arkeologi ◽

10.24832/ke.v6i2.67 ◽

2020 ◽

Vol 6 (2) ◽

pp. 113-124

Author(s):

Abednego Andhana Prakosajaya ◽

Hot Marangkup Tumpal Sianipar ◽

Ayu Nur Widiyastuti

Keyword(s):

Literature Review ◽

Venture Capital ◽

20Th Century ◽

Sugar Industry ◽

Inductive Reasoning ◽

Sugar Factory ◽

East Indies ◽

Dutch East Indies ◽

Selection Of

Pabrik Gula Gunungsari merupakan pabrik gula yang didirikan oleh Handels Vereeniging Amsterdam atau HVA pada awal abad ke-20 Masehi. Pabrik gula yang dimaksudkan untuk menjadi sister factory atau pabrik pendukung dari Pabrik Gula Jatiroto ini merupakan bagian dari rangkaian rencana percobaan HVA dalam merevolusi industri gula di Hindia Belanda. Penelitian bertujuan untuk menganalisis apakah terdapat kesalahan dalam bidang perencanaan pemilihan lokasi pembangunan pabrik gula yang berkaitan dengan berhentinya operasi pabrik gula ini. Metode penelitian bersifat deskriptif dengan penalaran induktif. Data yang dianalisis secara spasial diperoleh dari hasil survei arkeologi di Pabrik Gula Gunungsari dan kajian pustaka. Hasil penelitian menunjukkan bahwa ketergantungan yang sangat tinggi akan besarnya modal usaha serta anggapan dapat terpenuhinya target yang terlalu ambisius menyebabkan pemilihan lokasi pembangunan pabrik menjadi suatu hal yang merugikan bagi HVA sendiri. Gunungsari Sugar Factory had been established by Handels Vereeniging Amsterdam or HVA in the early of 20th century. The factory which was intended to be a sister of the Jatiroto Sugar Factory was part of a series of HVA trial plans to revolutionize the sugar industry in the Dutch East Indies. This paper aims to analyze whether there is a failure when selecting the location of the factory related to the cessation of its own operation. This method used is descriptive with inductive reasoning. The data analized in spatial were obtained from the survey conducted at the Gunungsari Sugar Factory and literature review. The results show that high dependence on the amount of venture capital, and the assumption that ambitious targets can be achieved, have made the selection of a factory construction location become a major weakness for HVA.

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