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The syndication of venture capital investments in Europe: evidence from five European countries

Manigart, S.; Lockett, A.; Meuleman, M.; Landström, Hans LU and Desbrieres, P. (2002) Frontiers of Entrepreneurship Research In Frontiers of Entrepreneurship Research: Proceedings of the Twenty-Second Annual Entrepreneurship Research Conference
Abstract
Financial theory, resource-based theory and deal flow generation are used to

explain synd ication practices among venture capitalists in Belgium, France, The

Netherlands, Sweden and the UK. Similar motives drive syndication in the five

countries: the desire to share risk and increase portfolio diversification is more

important than the desire to access additional intangible resources or deal flow. When

resource-based motives are more important, however, the propensity to syndicate

increases. Syndication practices are more important in young venture capital (VC)

firms and in VC firms with more portfolio companies.
Please use this url to cite or link to this publication:
author
organization
publishing date
type
Chapter in Book/Report/Conference proceeding
publication status
published
subject
in
Frontiers of Entrepreneurship Research: Proceedings of the Twenty-Second Annual Entrepreneurship Research Conference
editor
Bygrave, W.D.; Brush, C.G.; Davidsson, P.; Fiet, J.; Greene, P.G.; Harrison, R.T.; Lerner, M.; Meyer, G.D.; Sohl, J. and Zacharakis, A.
publisher
Babson College
conference name
Frontiers of Entrepreneurship Research
ISBN
0910897239
language
English
LU publication?
yes
id
43e93fa4-107c-47c3-8e69-c84b54ef9c08 (old id 3129073)
alternative location
http://fusionmx.babson.edu/entrep/fer/Babson2002/XIII/XIII_P5/XIII_P5.htm
date added to LUP
2012-10-15 09:15:24
date last changed
2016-04-16 10:16:36
@misc{43e93fa4-107c-47c3-8e69-c84b54ef9c08,
  abstract     = {Financial theory, resource-based theory and deal flow generation are used to<br/><br>
explain synd ication practices among venture capitalists in Belgium, France, The<br/><br>
Netherlands, Sweden and the UK. Similar motives drive syndication in the five<br/><br>
countries: the desire to share risk and increase portfolio diversification is more<br/><br>
important than the desire to access additional intangible resources or deal flow. When<br/><br>
resource-based motives are more important, however, the propensity to syndicate<br/><br>
increases. Syndication practices are more important in young venture capital (VC)<br/><br>
firms and in VC firms with more portfolio companies.},
  author       = {Manigart, S. and Lockett, A. and Meuleman, M. and Landström, Hans and Desbrieres, P.},
  editor       = {Bygrave, W.D. and Brush, C.G. and Davidsson, P. and Fiet, J. and Greene, P.G. and Harrison, R.T. and Lerner, M. and Meyer, G.D. and Sohl, J. and Zacharakis, A.},
  isbn         = {0910897239},
  language     = {eng},
  publisher    = {ARRAY(0x89ca278)},
  series       = {Frontiers of Entrepreneurship Research: Proceedings of the Twenty-Second Annual Entrepreneurship Research Conference},
  title        = {The syndication of venture capital investments in Europe: evidence from five European countries},
  year         = {2002},
}