Article ID Journal Published Year Pages File Type
5069641 Finance Research Letters 2016 5 Pages PDF
Abstract

•We investigate the determinants of entrepreneurs' choices of a venture capitalist.•We use data from two types of French venture capital firms.•The independent firm finances more ventures requiring high support quality.•The bank-affiliated firm favors ventures with higher liquidation value.

We examine the determinants of entrepreneurs' choices between an independent and a bank-affiliated venture capital firm operating in the same region of France. We find empirical support for a significant impact of the firm's support quality and the venture's liquidation value.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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