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Estimation Of The Sectors Of The Investments Made On Venture Capital Companies With Artificial Neural Networks And Multiple Logistic Regression Analysis

Author

Listed:
  • Kubilay ERÄ°SLÄ°K

    (Istanbul Commerce University)

  • Özlem DENÄ°Z BAÅžAR

    (Istanbul Commerce University)

Abstract

Venture capital companies undergo three different phases as core, growth and maturity phases as of their establishment. There are different stages in these phases in terms of providing the finance. The stage of providing finance for the first introduction of the product to the market in the core phase is called Serial A, the stage of providing the increasing finance need during the continuation of the growth is called Serial B and the stage of providing the finance needed in the growth and maturity phases is called Serial C and it continues as Serial D. In this study, it has been aimed to estimate the sectors of the venture capital companies by benefiting from the phases and amounts of the investments made by the investors to the venture capital companies. In the study, 5 sectors with the highest investment from investors have been selected and the investment data of 709 venture capital companies taking place in this sector have been benefited. Artificial Neural Networks and Multiple Logistic Regression Analysis have been used in the estimation of the sectors covering the companies with the data attained from the investment series. When the attained results have been examined, it has been determined that the results attained with Artificial Neural Networks aremore successful than the results attained with Multiple Logistic Regression analysis. Classification-JEL: C38, C39, C45,G24,L26.

Suggested Citation

  • Kubilay ERÄ°SLÄ°K & Özlem DENÄ°Z BAÅžAR, 2020. "Estimation Of The Sectors Of The Investments Made On Venture Capital Companies With Artificial Neural Networks And Multiple Logistic Regression Analysis," JOURNAL OF LIFE ECONOMICS, Holistence Publications, vol. 7(4), pages 297-308, October.
    • Handle: RePEc:jle:journl:v:7:y:2020:i:4:p:297-308
    DOI: 10.15637/jlecon.7.022
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    More about this item

    Keywords

    Artificial Neural Network; Multiple Logistic Regression; entrepreneur; classification.;
    All these keywords.

    JEL classification:

    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis
    • C39 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Other
    • C45 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Neural Networks and Related Topics
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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