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Den (ir)rationella investeraren

Andersson, Kajsa LU ; Hultberg, Hanna LU and Sjöberg, Linnea LU (2019) FEKH89 20191
Department of Business Administration
Abstract
Purpose: The primary purpose of this study is to examine if there is a legitimate reason for the fact that only a fraction of the venture capital in Sweden is allocated to female entrepreneurs. The study examines the differences in performances between female- and male-founded companies, as measured in return on asset. The study will also look at the relationship between female representation in VC-firms and the investments they make in female-founded companies. This study intends to contribute to the field of research and a greater comprehension through examining different possible explanations from the chosen theoretical frame of reference.
Methodology: The study uses a quantitative method with a deductive approach. The study uses... (More)
Purpose: The primary purpose of this study is to examine if there is a legitimate reason for the fact that only a fraction of the venture capital in Sweden is allocated to female entrepreneurs. The study examines the differences in performances between female- and male-founded companies, as measured in return on asset. The study will also look at the relationship between female representation in VC-firms and the investments they make in female-founded companies. This study intends to contribute to the field of research and a greater comprehension through examining different possible explanations from the chosen theoretical frame of reference.
Methodology: The study uses a quantitative method with a deductive approach. The study uses three regression analysis’, two multiple linear regressions based on panel data and cross-section data respectively and a binary logistic regression. The multiple linear regression analysis were executed in EViews and the binary logistic regression in IBM SPSS.
Theoretical perspectives: Equality, Venture Capital, Traditional Finance theory, Behavioural Finance, Homophily Theory.
Empirical foundation: The sample regarding the first research question consists of 102 Swedish companies, founded between 2011 and 2014. Regarding the second research question it consists of 14 Swedish VC-firms and their investments in Swedish companies during the year of 2018. Data was collected from Retriever Business, Crunchbase and the companies own websites.
Conclusions: The study finds a significant positive relationship between the proportion of female founders and the company's performance. Furthermore, the study does not find a significant relationship between the proportions of women on the investment teams at venture capital firms and their investment in female-founded companies. (Less)
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author
Andersson, Kajsa LU ; Hultberg, Hanna LU and Sjöberg, Linnea LU
supervisor
organization
alternative title
En kvantitativ studie om bolagsprestation och riskkapitalallokering på den svenska marknaden
course
FEKH89 20191
year
type
M2 - Bachelor Degree
subject
keywords
Equality, Allocation of Venture Capital, Company performance, ROA, Behavioural Finance
language
Swedish
id
8988846
date added to LUP
2019-10-10 13:40:45
date last changed
2019-10-10 13:40:45
@misc{8988846,
  abstract     = {{Purpose: The primary purpose of this study is to examine if there is a legitimate reason for the fact that only a fraction of the venture capital in Sweden is allocated to female entrepreneurs. The study examines the differences in performances between female- and male-founded companies, as measured in return on asset. The study will also look at the relationship between female representation in VC-firms and the investments they make in female-founded companies. This study intends to contribute to the field of research and a greater comprehension through examining different possible explanations from the chosen theoretical frame of reference. 
Methodology: The study uses a quantitative method with a deductive approach. The study uses three regression analysis’, two multiple linear regressions based on panel data and cross-section data respectively and a binary logistic regression. The multiple linear regression analysis were executed in EViews and the binary logistic regression in IBM SPSS.
Theoretical perspectives: Equality, Venture Capital, Traditional Finance theory, Behavioural Finance, Homophily Theory.
Empirical foundation: The sample regarding the first research question consists of 102 Swedish companies, founded between 2011 and 2014. Regarding the second research question it consists of 14 Swedish VC-firms and their investments in Swedish companies during the year of 2018. Data was collected from Retriever Business, Crunchbase and the companies own websites. 
Conclusions: The study finds a significant positive relationship between the proportion of female founders and the company's performance. Furthermore, the study does not find a significant relationship between the proportions of women on the investment teams at venture capital firms and their investment in female-founded companies.}},
  author       = {{Andersson, Kajsa and Hultberg, Hanna and Sjöberg, Linnea}},
  language     = {{swe}},
  note         = {{Student Paper}},
  title        = {{Den (ir)rationella investeraren}},
  year         = {{2019}},
}