capital
Capital Access Index 2005 : Best Markets for Entrepreneurial Finance
The Capital Access Index is a comprehensive analysis of the breadth, depth and vitality of capital markets around the world. This year, for the first time since the rankings began in 1998, the United Kingdom tops the index.
Best Practices of Public Support for Early-stage Equity Finance
This report is based on the work of an expert group on Best practices in public support for earlystage
equity finance as part of a project carried out by Directorate-General for Enterprise and Industry.
Venture Capital Investor Behaviour in the Backing of UK High Technology Firms: Financial Reporting and the Level of Investment
This paper is an empirical investigation into the ways in which venture capitalists value (and invest in) high technology firms, focusing on financial reporting, risk disclosure and intangible assets. It is based on questionnaire returns from UK investors in diverse sectors, ranging from biotechnology, through software/ computer services, to communications and medical services.
Venture Capitalists’ Selection Process: The Case of Biotechnology Proposals
The paper analyses venture capitalists’ selection process in biotechnology ventures. Despite the higher risk of biotech investments, the authors find no evidence that VCs require higher hurdle rates or more complete contracts for these investments, compared to investments in other technology-based companies.
Whom You Know Matters: Venture Capital Networks and Investment Performance
Many financial markets are characterized by strong relationships and networks, rather than arm’s-length,
spot-market transactions, according to the authors. They examine the performance consequences of this organizational choice in the context of relationships established when VCs syndicate portfolio company investments, using a comprehensive sample of U.S. based VCs over the period 1980 to 2003.
Indian Venture Capitalists Investment Evaluation Criteria
This paper analyses the validity of venture evaluation model in India by directly comparing the relative importance of evaluation criteria on the funding decision with the relative importance to factors influencing ventures empirical performance.
Indirect Costs of Venture Capital in Canada
The authors identify the elements that generate indirect costs of financing and estimate the costs and time frames associated with 18 financing rounds undertaken by 12 New Technology Based Firms in Quebec, where the supply of venture capital is very abundant.
Social Capital, Public Spending and the Quality of Economic Development
This paper carries out an empirical assessment of the relationship between social capital and the quality of economic development in Italy. The analysis draws on a dataset collected by the author including about two hundred variables representing different aspects of economic development and four “structural” dimensions of social capital.
Access to Capital: What Funding Sources Work for You?
The report details the financing hurdles faced by small business owners, including women- and minority-owned businesses. The 1,080 participating business owners who responded to this study represent a diverse business community of women and minorities.
Offshore Financial Centers: Parasites or Symbionts?
This paper analyzes the causes and consequences of offshore financial centers (OFC). The model predicts that proximity to an OFC is likely to have pro-competitive implications for the domestic banking sector, although the overall effect on welfare is ambiguous.