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dc.contributor.authorDimov, Dimoen_GB
dc.contributor.authorMurray, Gordonen_GB
dc.contributor.departmentUniversity of Connecticuten_GB
dc.contributor.departmentUniversity of Exeteren_GB
dc.date.accessioned2008-07-28T10:53:32Zen_GB
dc.date.accessioned2011-01-25T10:26:55Zen_GB
dc.date.accessioned2013-03-19T16:04:57Z
dc.date.issued2007en_GB
dc.description.abstractEmploying both behavioural decision making and agency theories, our study seeks to identify those factors that influence a venture capitalist's (VC) initial decision to undertake seed capital investments and then subsequently to determine the scale of seed investment activity. We find investor age, timing of investment, and fund location to be of importance. We also demonstrate that the size of the fund and the existing number of portfolio firms exert opposite influences on the level of seed capital activity of the VC firm. We suggest that seed activity is a valuable source of market intelligence for leading VC firms seeking proactively to identify and invest in novel technologies. Our findings are based on an analysis of 2,9491 VC funds worldwide from 1962 to 2002.en_GB
dc.identifier.urihttp://hdl.handle.net/10036/33374en_GB
dc.language.isoenen_GB
dc.publisherUniversity of Exeteren_GB
dc.relation.ispartofseriesDiscussion Papers in Managementen_GB
dc.relation.ispartofseries07/04en_GB
dc.relation.urlhttp://www.sobe.ex.ac.uk/research/management/discussion_papers/index.php?id=330en_GB
dc.relation.urlhttp://www.springer.com/business/business+for+professionals/journal/11187en_GB
dc.subjectVenture capitalen_GB
dc.subjectDistribution structuresen_GB
dc.subjectCompensation structuresen_GB
dc.subjectHybrid fundsen_GB
dc.subjectEnterprise policyen_GB
dc.titleAn examination of the determinants of the incidence and scale of seed capital investments by venture Capital firms 1962-2002en_GB
dc.typeWorking Paperen_GB
dc.date.available2008-07-28T10:53:32Zen_GB
dc.date.available2011-01-25T10:26:55Zen_GB
dc.date.available2013-03-19T16:04:57Z
dc.identifier.issn1472-2939en_GB
dc.descriptionWorking paper; draft version of an article to be published in Small business economics. Final version will be available at http://www.springerlink.com/en_GB


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