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The role of partners in investor firms

The role of partners in investor firms
The role of partners in investor firms
Abstract: Purpose – The purpose of this paper is to investigate the role of human capital in venture capital organizations. New trends in investor behaviour have emerged in recent years. There is evidence to suggest that venture capital (VC) firms involve themselves more actively in the companies in which they invest through influencing company strategy and through using their knowledge and contacts to introduce portfolio companies to networks of suppliers and customers, professionals and alternative sources of finance. Design/methodology/approach – Using survey data, the paper empirically examines the VC firms' propensity to engage in terms of the factors that make some firms more active than the others. Findings – Specifically, the paper finds and identifies those mechanisms that are used by VC firms to develop their engagement practice, including human capital and specialized deal flow. The paper also addresses the question of the effects of VC firm engagement on performance. Originality/value – The paper makes a contribution in terms of the way human capital performs in venture capital organizations and how public policies can explicitly take into account the human dimension of the investment process.
human capital, investors, venture capital
0025-1747
910-922
Casson, Peter D.
5ac137b1-dc94-41fb-82c5-736ad5be75c2
Martin, Roderick
056af022-7532-4352-966e-24a8117d728e
Nisar, Tahir M.
6b1513b5-23d1-4151-8dd2-9f6eaa6ea3a6
Martin, Roderick
056af022-7532-4352-966e-24a8117d728e
Casson, Peter D.
5ac137b1-dc94-41fb-82c5-736ad5be75c2
Martin, Roderick
056af022-7532-4352-966e-24a8117d728e
Nisar, Tahir M.
6b1513b5-23d1-4151-8dd2-9f6eaa6ea3a6
Martin, Roderick
056af022-7532-4352-966e-24a8117d728e

Casson, Peter D. and Martin, Roderick , Nisar, Tahir M. and Martin, Roderick (eds.) (2007) The role of partners in investor firms. Management Decision, 45 (5), 910-922. (doi:10.1108/00251740710753710).

Record type: Article

Abstract

Abstract: Purpose – The purpose of this paper is to investigate the role of human capital in venture capital organizations. New trends in investor behaviour have emerged in recent years. There is evidence to suggest that venture capital (VC) firms involve themselves more actively in the companies in which they invest through influencing company strategy and through using their knowledge and contacts to introduce portfolio companies to networks of suppliers and customers, professionals and alternative sources of finance. Design/methodology/approach – Using survey data, the paper empirically examines the VC firms' propensity to engage in terms of the factors that make some firms more active than the others. Findings – Specifically, the paper finds and identifies those mechanisms that are used by VC firms to develop their engagement practice, including human capital and specialized deal flow. The paper also addresses the question of the effects of VC firm engagement on performance. Originality/value – The paper makes a contribution in terms of the way human capital performs in venture capital organizations and how public policies can explicitly take into account the human dimension of the investment process.

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More information

Published date: 2007
Additional Information: Special issue: Investor influence on company management.
Keywords: human capital, investors, venture capital

Identifiers

Local EPrints ID: 47667
URI: https://eprints.soton.ac.uk/id/eprint/47667
ISSN: 0025-1747
PURE UUID: 174019cd-05f4-400c-bad7-01660dc27aaf

Catalogue record

Date deposited: 07 Aug 2007
Last modified: 13 Mar 2019 20:59

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Contributors

Author: Peter D. Casson
Author: Roderick Martin
Editor: Tahir M. Nisar
Editor: Roderick Martin

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