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Venture capital syndicate networks: the determinants of interconnectedness

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  • Schilder, Dirk

Abstract

Dieser Artikel untersucht die Venture Capital (VC) Syndizierungsnetzwerke in Deutschland und inwieweit bestimmte Charakteristika der beteiligten VC Gesellschaften die Vernetzung der Investoren beeinflussen. Der verwendete Datensatz besteht aus 300 VC Investitionen und deren Investoren aus den Jahren 2004 und 2005. Die Analyse macht deutlich, dass das Alter der VC Gesellschaften einen dichotomen Einfluss auf die Syndizierungsnetzwerke hat - negativ für sehr junge und sehr alte Gesellschaften, ansonsten positiv. Es kann jedoch kein Unterscheid zwischen öffentlichen und privaten VC Investoren in Bezug auf die Anzahl der Netzwerkverbindungen der Financiers festgestellt werden. Die Untersuchung zeigt keine Anzeichen für geographische oder regionale Einflüsse auf die Anzahl der Syndizierungspartner einer VC Gesellschaft im Netzwerk.

Suggested Citation

  • Schilder, Dirk, 2007. "Venture capital syndicate networks: the determinants of interconnectedness," Freiberg Working Papers 2007/03, TU Bergakademie Freiberg, Faculty of Economics and Business Administration.
    • Handle: RePEc:zbw:tufwps:200703
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    References listed on IDEAS

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    Cited by:

    1. Schmidt, Marko & Grigoleit, Jens & Nippa, Michael, 2009. "Die Auswirkungen der Unternehmenstransparenz auf den Erfolg börsenorientierter Kapitalgesellschaften in Deutschland - Eine Darstellung des aktuellen Forschungsstandes," Freiberg Working Papers 2009/01, TU Bergakademie Freiberg, Faculty of Economics and Business Administration.

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    More about this item

    Keywords

    Venture Capital; Syndizierung; Netzwerke;
    All these keywords.

    JEL classification:

    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General

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