The impact of GDP and governance on venture capital investments for the period 20102019 (after the financial crisis and before the Covid-19 pandemic)

2021 ◽  
Vol 12 (3) ◽  
pp. 219
Author(s):  
Michael Neubert ◽  
Sebastian Schaefer ◽  
Felix Ashu
Keyword(s):  
Financial Crisis ◽  
Venture Capital ◽  
Capital Investments ◽  
The Impact ◽  
Venture Capital Investments

scholarly journals Cross-border venture capital investments: The impact of foreignness on returns

2017 ◽  
Vol 49 (5) ◽  
pp. 575-604 ◽  
Author(s):  
Axel Buchner ◽  
Susanne Espenlaub ◽  
Arif Khurshed ◽  
Abdulkadir Mohamed
Keyword(s):  
Venture Capital ◽  
Capital Investments ◽  
Cross Border ◽  
The Impact ◽  
Venture Capital Investments

scholarly journals Factors of the fintech market development in the global economy (the case of the alternative lending)

2021 ◽  
Vol 20 (1) ◽  
pp. 108-127
Author(s):  
Sergey A. Barykin ◽  
◽  
Andrei L. Bulgakov ◽  
◽  
Keyword(s):  
Venture Capital ◽  
Global Economy ◽  
Business Models ◽  
Econometric Model ◽  
Capital Investments ◽  
Economic Activities ◽  
Digital Platforms ◽  
The World ◽  
The Impact ◽  
Venture Capital Investments

Alternative lending is one of the largest segments of the financial technology market in the world which is represented by online platforms specializing in organizing the lending process. The purpose of the article is to assess the impact of key factors on the dynamics of venture capital investments in alternative lending platforms. The objectives of this study are to define the concept of alternative lending, build an econometric model to analyze the factors of development of alternative lending in the world, and interpret the results from the point of view of the prospects for the development of alternative lending. Alternative lending has been defined as a segment of the fintech market that can be characterized as parallel financing of economic activities based on digital platforms through the provision of syndicated loans after decentralized business models. To test the hypotheses of the study, an econometric model was built on the analysis of 5,234 investment transactions completed in the period from 2013 to 2019 in 35 countries of the world and included in the CrunchBase database. According to the model, such factors as the availability of venture capital, the number of workforce, the digital competitiveness of the economy (the factor of future readiness), and the availability of credit information have a significant impact on the dynamics of direct and venture capital investments in alternative lending companies. The obtained results can be considered when improving the national strategy for regulating the alternative lending market, which is especially important for Russia, where the segment of alternative lending is at the stage of stagnation.

scholarly journals Which criteria matter most in the evaluation of venture capital investments?

2014 ◽  
Vol 21 (3) ◽  
pp. 505-527 ◽  
Author(s):  
José Carlos Nunes ◽  
Elisabete Gomes Santana Félix ◽  
Cesaltina Pacheco Pires
Keyword(s):  
Venture Capital ◽  
Early Stage ◽  
Management Team ◽  
Venture Capitalists ◽  
Capital Investments ◽  
Share Capital ◽  
Content Type ◽  
The Impact ◽  
Venture Capital Investments ◽  
Public Share

Purpose – The purpose of this paper is to identify the importance assigned to the various criteria used by the Portuguese venture capitalists (VCs) to evaluate and select early stage venture capital (VC) projects. Design/methodology/approach – The data were collected through a questionnaire answered by 20 Portuguese VCs. The authors use descriptive statistics techniques and non-parametric tests to identify the most valued criteria and test differences in the importance assigned to the criteria of several types of VCs and investments. Findings – The study reveals that personality and experience of the entrepreneur and of the management team are the most valued groups of criteria. VCs with a majority of private share capital value more the personality of the entrepreneur and management team than the companies with a majority of public share capital. Additionally, the VCs that did not yet internationalize consider the personality of the entrepreneur and management team and the financial aspects, to be more important than the VCs that have already expanded abroad. Originality/value – It provides evidence on the VCs behavior in a small VC market. Since most of the existing literature on this area refer to large VC markets, the present study is important to investigate whether the conclusions reached by the previous studies can be extended to a small VC market. Also, this study is a contribution to the literature on the internationalization of VCs and it is the first study that explores the impact of the VCs being internationalized on the value given to the various selection criteria of early stage VC projects.

Does a Venture Capital Market Exist in the Countries of Former Yugoslavia?

2017 ◽  
Vol 1 (2) ◽  
pp. 197
Author(s):  
Marija Simic Saric
Keyword(s):  
Economic Growth ◽  
Venture Capital ◽  
Capital Market ◽  
Private Equity ◽  
Free Market ◽  
Former Yugoslavia ◽  
Capital Investments ◽  
The World ◽  
The Impact ◽  
Venture Capital Investments

<p>Venture capital investments spread all over the world during the last few decades. Until then, they were considered only as an American phenomenon. Countries worldwide are interested in attracting venture capital investments because of their undisputable effects on the economy. The effects of the investments are visible through the impact on innovation, creation of new companies, jobs, economic growth, corporate governance and etc.</p><p>Venture capital is a subset of Private equity focused on start-up companies and companies having difficulties in attracting necessary capital. It represents an equity investment made for the launch, early development, or expansion of a business.</p><p>The countries of former Yugoslavia (Croatia, Bosnia and Herzegovina, Former Yugoslav Republic of Macedonia - FYROM, Montenegro, Slovenia and Serbia) are part of the Central and Eastern Europe countries and represent relatively a new market for venture capitalists. They moved from the planned economies to a free market system in the 90s of 20 century. As well as other countries in the World, these countries are also interested in attracting venture capital because of the proven impact on economic growth. Despite the presence of Venture capital and Private equity funds in this region for more than twenty years, the venture capital and private equity market in the countries of former Yugoslavia is underdeveloped compared to other countries of CEE. Indeed, the venture capital investments are so small for some countries of former Yugoslavia that the data about venture capital investment are published jointly.</p><p> </p><p>The objective of this paper is to examine and analyze the development of Venture Capital market in countries o former Yugoslavia. The research is both qualitative and quantitative, and involves an identification, analysis and comparison of PE/VC investments data for selected countries. The time frame for this research is between 2007 and 2014. The total volume of venture capital investments per year, the number of companies invested and the ratio of PE investments to the gross domestic product (GDP) will be used to demonstrate the existence of the venture capital market in countries of former Yugoslavia. The data necessary for the current research were taken from the yearbook of EVCA/PEREP Analytics for 2014 for Baltics and Ex-Y. „PEREP Analytics” is a centralized, non-commercial pan-European private equity database. The „PEREP Analytics” statistics platform monitors the development of private equity and venture capital in 25 European countries.</p>

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