Venture capital syndication and the financing of innovation: Financial versus expertise motives
Building on Huang and Xu's (2003) financial syndication model, we model syndication for expertise, and examine its impact on post-investment, venture capitalist involvement. We compare the performances of financial versus expertise motives on the decision to finance innovation.
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- Huang, Haizhou & Xu, Chenggang, 2003. "Financial syndication and R&D," Economics Letters, Elsevier, vol. 80(2), pages 141-146, August.
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ULB Institutional Repository
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- Casamatta, Catherine & Haritchabalet, Carole, 2007.
"Experience, screening and syndication in venture capital investments,"
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Elsevier, vol. 16(3), pages 368-398, July.
- Casamatta, Catherine & Haritchabalet, Carole, 2007. "Experience, Screening and Syndication in Venture Capital Investments," IDEI Working Papers 443, Institut d'Économie Industrielle (IDEI), Toulouse.
- Sophie Manigart & Andy Lockett & Miguel Meuleman & Mike Wright & Hans Landström & Hans Bruining & Philippe Desbrières & Ulrich Hommel, 2006. "Venture Capitalists' Decision to Syndicate," Post-Print halshs-00078062, HAL.
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- James A. Brander & Raphael Amit & Werner Antweiler, 2002. "Venture-Capital Syndication: Improved Venture Selection vs. The Value-Added Hypothesis," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 11(3), pages 423-452, 09.
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