Description
Book SynopsisThis
Handbook charts the development of venture capital research in light of the global financial crisis, starting with an analysis of the current venture capital market and the changing nature of the business angel market.
Looking at governance structures, the performance of venture capitalists in terms of investments, economic impact and human capital, and the geographical organization of business angels and venture capital global 'hotspots', this book also analyzes the current state of venture capital research and offers a roadmap for the future.
Contributors: A. Avdeitchikova, G. Avnimelech, D. Cumming, D. De Clercq, D. Dimov, S. Harel, S.A. Johan, H. Landstrom, D. Lingelbach, H. Lu, C. Mason, A. Parhankangas, J. Sohl, R. Sorheim, Y. Tan
Trade Review’The second edition of the Handbook of Research on Venture Capital
provides an important guidepost for venture capital researchers. As Landstrom and Mason point out, the nature of venture capital has changed dramatically over the last 10 years. The asset class as a whole has failed to return principal and the old model is under tremendous strain. The contributors nicely highlight many of these changes, especially how venture capital has scaled beyond the US. For those of us active in venture capital research, the chapters raise many interesting research questions that deserve further attention.’ -- Andrew Zacharakis, Babson College
’This exciting second volume of cutting edge research on venture capital takes up where volume one leaves off, bringing greater depth to topics covered in the first volume (such as angel investing) and adding new topics and insights. It poses interesting questions such as ''is venture capital in crisis? Are new models of early investing needed?'', and offers carefully researched answers. Landstrom and Mason provide insightful commentary and skillfully pinpoint the contributions of a talented set of researchers. Both scholars and practitioners of venture capital will want to read this book. -- Harry J. Sapienza, University of Minnesota
Table of ContentsContents: Preface PART I: INTRODUCTION: VENTURE CAPITAL MARKETS 1. Introduction Colin Mason and Hans Landström 2. The Changing Nature of the Angel Market Jeffrey Sohl PART II: VENTURE CAPITAL: GOVERNANCE STRUCTURES 3. Institutional Investment in Private Equity Sofia A. Johan 4. Venture Capital Financial Contracting: An Overview of the International Evidence Douglas Cumming PART III: VENTURE CAPITAL: PERFORMANCE 5. Venture Capital Firms: A Human Capital Perspective Dirk De Clercq and Dimo Dimov 6. The Economic Impact of Venture Capital Annaleena Parhankangas 7. Venture Capitalists as Smart Investors Roger Sørheim PART IV: VENTURE CAPITAL: REGIONAL ASPECTS 8. The Geographic Organization of ‘Venture Capital’ and ‘Business Angels’ Sofia Avdeitchikova 9. Global Venture Capital ‘Hotspots’: Israel Gil Avnimelech and Shai Harel 10. Global Venture Capital ‘Hotspots’: China Haitian Lu and Yi Tan 11. Global Venture Capital ‘Hotspots’: Developing Countries David Lingelbach PART V: VENTURE CAPITAL: THE FUTURE 12. Venture Capital Research: The Road Ahead Hans Landström and Colin Mason Index
