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Venture capital and risk in high-technology enterprises

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

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    Abstract

    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).

    Item type: Article
    ID code: 3851
    Keywords: principal-agent, high-tech, risk, Finance
    Subjects: Social Sciences > Finance
    Department: Strathclyde Business School > Accounting and Finance
    Related URLs:
    Depositing user: Strathprints Administrator
    Date Deposited: 12 Jul 2007
    Last modified: 19 Mar 2012 04:07
    URI: http://strathprints.strath.ac.uk/id/eprint/3851

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