The Investment Style Drift Puzzle and Risk-Taking in Venture Capital

2021 ◽  
Author(s):  
Lukas Koenig ◽  
Hans-Peter Burghof
Keyword(s):  
Venture Capital ◽  
Risk Taking ◽  
Investment Style

Persistence Pays: Evidence from Investment Style Dynamics in the Venture Capital Industry

2013 ◽  
Author(s):  
Amit Bubna ◽  
Sanjiv Ranjan Das ◽  
Paul E. Hanouna
Keyword(s):  
Venture Capital ◽  
Investment Style

Introduction

2009 ◽  
Author(s):  
Mark Casson ◽  
Bernard Yeung ◽  
Anuradha Basu ◽  
Nigel Wadeson
Keyword(s):  
Venture Capital ◽  
Risk Taking ◽  
Economic History ◽  
Business Strategy ◽  
Academic Research ◽  
Industrial Economics ◽  
Organizational Behaviour ◽  
Academic Fields

The book is intended to be an authoritative survey of recent academic research into entrepreneurship. It aims to meet the needs of those researching in all major academic fields to which entrepreneurship is relevant: industrial economics, business strategy, organizational behaviour, finance and venture capital, and business and economic history. The approach taken in this book construes entrepreneurship in terms of arbitrage, innovation, and risk-taking. Entrepreneurs specialize in taking difficult and complex decisions for which other people do not want to take responsibility.

Islamic venture capital investment style – opportunities and challenges

2019 ◽  
Vol 10 (3) ◽  
pp. 848-859
Author(s):  
Zaheer Anwer
Keyword(s):  
Venture Capital ◽  
Risk Sharing ◽  
Capital Investment ◽  
Islamic Finance ◽  
Investment Risk ◽  
Full Time ◽  
Content Type ◽  
Investment Style ◽  
Venture Capital Investment ◽  
Questionnaire Method

Purpose This study aims to explore how Islamic venture capital (IVC) structure can be established by introducing modifications in traditional venture capital (VC) structure. The motivation stems from the criticism on the existing Islamic finance products, that are said to be Shariah-compliant in form but do not fulfil objectives of Shariah whereas IVC is portrayed by existing literature as an ideal risk sharing based product. Design/methodology/approach This study uses a questionnaire method to understand IVC philosophy, structure and operational approach and asked the respondents to identify how IVC differs in respect of these traits from conventional VC. The authors collected 50 questionnaires from IVC practitioners, regulators, academicians and Islamic finance (IF) consultants in three countries, namely, Malaysia, Pakistan and Turkey. Findings IVC can be incorporated by introducing some modifications in traditional VC structure. They need to appoint a full-time Shariah scholar, to ensure compliance to Shariah principles. IVCs should refrain from dealing in impermissible business activities. They can choose any prevailing method for valuation and investment mode, provided it follows principles of Shariah. IVCs are exposed to unique risks such as Shariah non-compliance risk and equity investment risk and they need additional measures to safeguard against these risks. They can adopt any exit strategy, provided funds are procured from halal sources. Finally, IVC is found to hold the potential to achieve the desired objectives of IF. Originality/value This study fills the gap in the existing literature related to IVC investments as no study, to the best of the author’s knowledge, has evaluated the dynamics of IVC by using responses from industry, academia and regulators.

Boys With Epilepsy Are More Susceptible to Risk Taking

2010 ◽  
Vol 44 (10) ◽  
pp. 32
Author(s):  
PATRICE WENDLING
Keyword(s):  
Risk Taking

The Economics of Venture Capital Firm Operations in India

2020 ◽  
Author(s):  
Kshitija Joshi
Keyword(s):  
Venture Capital ◽  
Venture Capital Firm

Intimate Partner Violence, Minority Stress, and Sexual Risk-Taking Among US MSM

2013 ◽  
pp. 131118115540005 ◽  
Author(s):  
Catherine Finneran ◽  
Rob Stephenson
Keyword(s):  
Intimate Partner Violence ◽  
Sexual Risk ◽  
Risk Taking ◽  
Partner Violence ◽  
Minority Stress ◽  
Intimate Partner ◽  
Sexual Risk Taking

The Multiple Faces of Risk-Taking

2016 ◽  
Vol 32 (1) ◽  
pp. 17-38 ◽  
Author(s):  
Florian Schmitz ◽  
Karsten Manske ◽  
Franzis Preckel ◽  
Oliver Wilhelm
Keyword(s):  
Risk Taking ◽  
Basic Research ◽  
Formal Models ◽  
Experimental Paradigm ◽  
Nomological Network ◽  
Balloon Analogue Risk Task ◽  
Parameter Recovery ◽  
Task Specificity ◽  
Available Information ◽  
Criterion Variables

Abstract. The Balloon-Analogue Risk Task (BART; Lejuez et al., 2002 ) is one of the most popular behavioral tasks suggested to assess risk-taking in the laboratory. Previous research has shown that the conventionally computed score is predictive, but neglects available information in the data. We suggest a number of alternative scores that are motivated by theories of risk-taking and that exploit more of the available data. These scores can be grouped around (1) risk-taking, (2) task performance, (3) impulsive decision making, and (4) reinforcement sequence modulation. Their theoretical rationale is detailed and their validity is tested within the nomological network of risk-taking, deviance, and scholastic achievement. Two multivariate studies were conducted with youths (n = 435) and with adolescents/young adults (n = 316). Additionally, we tested formal models suggested for the BART that decompose observed behavior into a set of meaningful parameters. A simulation study with parameter recovery was conducted, and the data from the two studies were reanalyzed using the models. Most scores were reliable and differentially predictive of criterion variables and may be used in basic research. However, task specificity and the generally moderate validity do not warrant use of the experimental paradigm for diagnostic purposes.

The Vienna Risk-Taking Test - Traffic

2007 ◽  
Vol 28 (4) ◽  
pp. 198-204 ◽  
Author(s):  
Andreas Hergovich ◽  
Martin E. Arendasy ◽  
Markus Sommer ◽  
Bettina Bognar
Keyword(s):  
Construct Validity ◽  
Personality Trait ◽  
Risk Taking ◽  
Personality Test ◽  
Educational Levels ◽  
Item Level ◽  
Degree Of Risk ◽  
And Gender ◽  
Homeostasis Theory

Abstract. The study reports results regarding the dimensionality and construct validity of a newly developed, objective, video-based personality test that assesses the willingness to take risks in traffic situations. On the basis of the theory of risk homeostasis developed by Wilde, different traffic situations with varying degrees of objective danger were filmed. During the test the respondents are asked to indicate at which point the action that is contingent on the described situation will become too dangerous to carry out. Latencies at the item level were recorded as a measure for the subjectively accepted degree of a person's willingness to take risks in the sense of the risk homeostasis theory by Wilde. In a study on 274 people with different educational levels and gender, the unidimensionality of the test as corresponding to the latency model by Scheiblechner was investigated. The results indicate that the Vienna Risk-Taking Test - Traffic assesses a unidimensional, latent personality trait that can be interpreted as subjectively accepted degree of risk (target risk value).

Predicting Stock Market Performance

2020 ◽  
pp. 1-10
Author(s):  
Thomas Plieger ◽  
Thomas Grünhage ◽  
Éilish Duke ◽  
Martin Reuter
Keyword(s):  
Stock Market ◽  
Risk Taking ◽  
Life Stress ◽  
Price Volatility ◽  
Individual Characteristics ◽  
Self Report ◽  
Financial Behavior ◽  
Market Simulation ◽  
Stock Market Performance ◽  
Risk Taking Behavior

Abstract. Gender and personality traits influence risk proneness in the context of financial decisions. However, most studies on this topic have relied on either self-report data or on artificial measures of financial risk-taking behavior. Our study aimed to identify relevant trading behaviors and personal characteristics related to trading success. N = 108 Caucasians took part in a three-week stock market simulation paradigm, in which they traded shares of eight fictional companies that differed in issue price, volatility, and outcome. Participants also completed questionnaires measuring personality, risk-taking behavior, and life stress. Our model showed that being male and scoring high on self-directedness led to more risky financial behavior, which in turn positively predicted success in the stock market simulation. The total model explained 39% of the variance in trading success, indicating a role for other factors in influencing trading behavior. Future studies should try to enrich our model to get a more accurate impression of the associations between individual characteristics and financially successful behavior in context of stock trading.

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