Venture Capital Financing in Germany - The Role of Contractual Arrangements in Mitigating Incentive Conflicts

2007 ◽  
Author(s):  
Wolfgang Breuer ◽  
Ron C. Antonczyk ◽  
Malte Brettel
Keyword(s):  
Venture Capital ◽  
Contractual Arrangements ◽  
Capital Financing

scholarly journals Venture Capital Financing: An Opportunity for Small and Medium Scale Enterprises in Ghana

2014 ◽  
Vol 1 (1) ◽  
pp. 1
Author(s):  
Francis Boadu ◽  
Gabriel Dwomoh ◽  
Sarpong Appiah ◽  
Elizabeth Dwomo-Fokuo
Keyword(s):  
Venture Capital ◽  
Job Creation ◽  
Skills Training ◽  
Venture Capitalist ◽  
Trust Fund ◽  
Business Growth ◽  
Medium Scale ◽  
Business Opportunities ◽  
Capital Financing

The paper aims to increase the understanding of venture capital industry in Ghana by examining the role of venture capital financing in aiding small and medium scale enterprises (SMEs) in Ghana. Using the conventional questionnaires administration and interviews, analysis of data collected from the Venture Capital Trust Fund (VCTF) and SMEs supported by venture capitalist (VCs) revealed that venture capital companies contributes in the area of fresh funds (23.8%), adding value by providing the beneficiaries with skills/training (33.3%), access to business opportunities (26.2%) and advisory services (16.7%). The findings also show that venture capital financing has a positive and statistically significant impact on job creation (33.3%), revenue for VC and SMEs (33.3%), business growth (16.7%) and expansion (16.7%) in a manner consistent with economic expectation.

scholarly journals Az innovatív kis- és középvállalkozások finanszírozása kockázati tőkével

2012 ◽  
Vol 7 (1-2) ◽  
pp. 24-29
Author(s):  
Judit Glavanits
Keyword(s):  
Venture Capital ◽  
Capital Market ◽  
Fund Raising ◽  
Market Size ◽  
Legal Rules ◽  
Venture Capital Fund ◽  
The Usa ◽  
Capital Financing ◽  
Closing The Gap

Closing the gap between the USA and EU venture capital market size is crutial for european innovative small and medium sized companies. As the financial crises started in 2008 weekend the possibilities for external capital, the role of venture capital financing is revaluated. The study analyses the similarities and differences in the legal rules of venture capital fund raising and financing revised by the USA's Dodd-Frank Act, and the European AIMF-directive. The study also suggest the changes in connection with the European Commission's prepared document on the European Venture Capital Fund, and it's effects on the innovative small-and medium sized companies. The conclusion is that the new rules of venture financing both in the USA and Europe sets up significantly more administrative difficulties for funds, but more stability and safe for entrepreneurs.

Signaling and Certification - The Role of Patents for Venture Capital-Financing

2013 ◽  
Vol 2013 (1) ◽  
pp. 12206 ◽  
Author(s):  
Carolin Haeussler ◽  
Dietmar Harhoff ◽  
Elisabeth Mueller
Keyword(s):  
Venture Capital ◽  
Capital Financing

scholarly journals Expansion And International Expansion Of Small-To Medium Sized Firms: The Role Of Finance

2011 ◽  
Vol 4 (2) ◽  
Author(s):  
Jan Smolarski ◽  
Can Kut ◽  
Neil Wilner
Keyword(s):  
Venture Capital ◽  
Early Stage ◽  
High Growth ◽  
International Expansion ◽  
International Growth ◽  
Lump Sum ◽  
Capital Funding ◽  
Capital Financing ◽  
Venture Funding

Small- to medium-sized firms are expected to show international growth at an early stage. Several factors may affect the outcome of initial efforts to expand and internationalize. Our research examines how equity based venture funding affects SME expansion and internationalization. We divide venture capital financing into two categories: incremental financing where firms receive their venture capital funding in portions and lump-sum venture funding where firms receive their funding in one lump-sum. The results show that type of equity based venture capital financing affect expansion and internationalization. Incremental funding appears more appropriate for firms with high growth rates whereas lump-sum financing appears more appropriate for firms that are internationalizing their operations.

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