Is venture capital a regional business? The role of syndication

Arbeitspapier

We investigate whether the supply of Venture Capital (VC) in Germany is driven by spatial influences. The study is based on information from more than 300 VC investments made in Germany in the year 2004 and 2005. We find evidence that the geographical distance between a VC company and the portfolio firm is not an important factor for German VC investments. Syndication of investments helps to overcome the problem of distance to portfolio firms if one of the investors is located close to the investment. Altogether, we find no evidence for a severe regional equity gap for young and innovative companies in Germany.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Freiberger Arbeitspapiere ; No. 2006/09

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Investment Banking; Venture Capital; Brokerage; Ratings and Ratings Agencies ; Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance ; Firm Behavior: Theory ; New Firms; Startups ; Size and Spatial Distributions of Regional Economic Activity
• Thema: Venture Capital ; regional equity gap ; start-up financing ; entrepreneurship

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Fritsch, Michael ; Schilder, Dirk
• Ereignis: Veröffentlichung
• (wer): Technische Universität Bergakademie Freiberg, Fakultät für Wirtschaftswissenschaften
• (wo): Freiberg
• (wann): 2006

Weitere Informationen

• Handle: http://hdl.handle.net/10419/27103
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ