The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
Banks versus Venture Capital: Project Evaluation, Screening, and Expropriation
Abstract
Why do some start‐up firms raise funds from banks and others from venture capitalists? To address this question, I study a model in which the venture capitalist can evaluate the entrepreneur's project more accurately than the bank but can also threaten to steal it from the entrepreneur. Consistent with evidence regarding venture capital finance, the model implies that the characteristics of a firm financing through venture capitalists are relatively little collateral, high growth, high risk, and high profitability. The model also suggests that tighter protection of intellectual property rights encourages entrepreneurs to finance through venture capitalists.
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Citations
Cites
What do venture capitalists do?
Gorman, M., & Sahlman, W. A. (1989) · Journal of Business Venturing · doi:10.1016/0883-9026(89)90014-1 · Cited by 1,371
Cited by
Entrepreneurship and Economic Growth
Audretsch, D. B., Keilbach, M. C., & Lehmann, E. E. (2006) · doi:10.1093/acprof:oso/9780195183511.001.0001 · Cited by 1,370
Dimov, D., & Forster, W. (2011) · In Search of Research Excellence · doi:10.4337/9781849807630.00021 · Cited by 893
Crowdfunding of Small Entrepreneurial Ventures
Schwienbacher, A., & Larralde, B. (2010) · SSRN Electronic Journal · doi:10.2139/ssrn.1699183 · Cited by 846
Exploring the concept of familiness: Introducing family firm identity
Zellweger, T. M., Eddleston, K. A., & Kellermanns, F. W. (2010) · Journal of Family Business Strategy · doi:10.1016/j.jfbs.2009.12.003 · Cited by 743
Drover, W., Busenitz, L., Matusik, S., Townsend, D., Anglin, A., & Dushnitsky, G. (2017) · Journal of Management · doi:10.1177/0149206317690584 · Cited by 629
Metadata
- Authors
- Ueda, M.
- Venue
- The Journal of Finance
- Publisher
- Wiley
- Published
- 2004-03-25
- Volume
- 59
- Issue
- 2
- Pages
- 601-621
- ISSN
- 0022-1082 (ISSN-L)
- 1540-6261
- OpenAlex
- W2161016240
- Cited by
- 511
- References
- 1
- FWCI
- 85.60
- Type
- journal article
- Language
- en
- Open access
- closed
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
