TY - JOUR
T1 - Explaining venture capital firms' syndication behaviour
T2 - a longitudinal study
AU - De Clercq, Dirk
AU - Dimov, Dimo P.
PY - 2004/10/1
Y1 - 2004/10/1
N2 - Using a unique methodological approach, this paper examines the factors related to venture capital firms' (VCFs') involvement in syndication. It is argued that VCFs' investment strategies matters in terms of the extent to which VCFs engage in syndication. Several hypotheses pertaining to VCFs' syndication behaviour are tested based on a longitudinal data set of the realized strategies of 200 US-based VCFs over a 12-year period. Overall, support is found for both knowledge-based and financial arguments for why VCFs engage in syndication. Results are discussed and avenues are provided for future research.
AB - Using a unique methodological approach, this paper examines the factors related to venture capital firms' (VCFs') involvement in syndication. It is argued that VCFs' investment strategies matters in terms of the extent to which VCFs engage in syndication. Several hypotheses pertaining to VCFs' syndication behaviour are tested based on a longitudinal data set of the realized strategies of 200 US-based VCFs over a 12-year period. Overall, support is found for both knowledge-based and financial arguments for why VCFs engage in syndication. Results are discussed and avenues are provided for future research.
UR - http://www.scopus.com/inward/record.url?scp=8744267107&partnerID=8YFLogxK
UR - http://dx.doi.org/10.1080/1369106042000277688
U2 - 10.1080/1369106042000277688
DO - 10.1080/1369106042000277688
M3 - Article
AN - SCOPUS:8744267107
SN - 1369-1066
VL - 6
SP - 243
EP - 256
JO - Venture Capital
JF - Venture Capital
IS - 4
ER -