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

Summary, in English

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.

• Author: S. Manigart; A. Lockett; M. Meuleman; Hans Landström; P. Desbrieres
• Editor: W.D. Bygrave; C.G. Brush; P. Davidsson; J. Fiet; P.G. Greene; R.T. Harrison; M. Lerner; G.D. Meyer; J. Sohl; A. Zacharakis
• Department/s: Department of Business Administration
• Publishing year: 2002
• Language: English
• Publication/Series: Frontiers of Entrepreneurship Research: Proceedings of the Twenty-Second Annual Entrepreneurship Research Conference
• Full text: - 47 kB; Download statistics
• Links: http://fusionmx.babson.edu/entrep/fer/Babson2002/XIII/XIII_P5/XIII_P5.htm
• Document type: Conference paper
• Publisher: Babson College
• Topic: Business Administration
• Conference name: Frontiers of Entrepreneurship Research
• Conference date: 2002-06-06 - 2002-06-08
• Status: Published
• ISBN/ISSN/Other: ISBN: 0910897239