Reid, G.C. and Smith, J.A. (2003) Venture capital and risk in high-technology enterprises. International Journal of Business and Economics, 2 (3). pp. 227-244. ISSN 1607-0704
We find UK investors and entrepreneurs are significantly concordant in rankings of investments and key factors for risk but significantly discordant on risk classes. Investors emphasise agency risk (e.g., motivation, empowerment, alignment), and entrepreneurs emphasise business risk (e.g., market opportunities).
|Keywords:||principal-agent, high-tech, risk, Finance|
|Subjects:||Social Sciences > Finance|
|Department:||Strathclyde Business School > Accounting and Finance|
|Depositing user:||Strathprints Administrator|
|Date Deposited:||12 Jul 2007|
|Last modified:||24 Jun 2016 19:50|