This article analyses the decision-making process of venture capitalists and examines the uncertainty they encounter in evaluating investment proposals. Based on the economics of information we identify different degrees of uncertainty in the course of the investment process. Empirical results...

This paper analyzes the decision process of venture capitalists. The study focuses on aligning the evaluation uncertainty in the decision criteria of venture capitalists with the progress of the process. The reasoning builds from the concept of search, experience and credence qualities, which...

"Die Suche nach besonders erfolgreichen, exzellenten Unternehmen, vor allem auch die Frage nach den Ursachen ihres herausragenden Erfolges, fasziniert Wissenschaftler und Praktiker seit jeher gleichermaßen" (Meffert 2000, S.24). Dies gilt in besonderem Maße auch für den Teilbereich der...

The entrepreneur can be viewed as the source that implements his entrepreneurial capabilities to recognise, pursue and successfully exploit viable business opportunities. However, it is at the beginning of the entrepreneurial process that the pre-nascent entrepreneur is confronted with various...

Seit März 2000 lässt sich an den Technologiemärkten weltweit eine außergewöhnliche Börsenbaisse beobachten. Diese Bereinigungskrise - hervorgerufen durch Überinvestitionen in die neue Schlüsseltechnologie Internet/E-Business - führt jedoch nicht allein an den Aktienmärkten für die...

This study discusses a model of success in venture capital (VC) fundraising. We develop this model based on agency and trust theory. The model is tested against quantitative data collected from 151 limited partners (LP) with headquarters predominantly in North America and Europe. Beyond the...

This book provides an overview of the current state of conceptual and empirical research at the interface of e-business and entrepreneurship research. Contributing an understanding of the important interface of e-business and entrepreneurship, this reference publication brings together academics...