Venture Capital Supply and Accounting Information System Development

Falconer Mitchell, Gavin Reid and Nicholas G Terry

CRIEFF Discussion Papers from Centre for Research into Industry, Enterprise, Finance and the Firm

Abstract: This study examines the origins and characteristics of information systems of entrepreneurial firms going through that stage in their life cycle when serious growth ambitions are fuelled by an infusion of external capital. It does so by investigating the consequences of venture capital intervention for the entrepreneurial firm as regards changing characteristics of its accounting information system (AIS). Data are presented on twelve investor-investee ‘dyads’ (i.e. matched pairs) in the UK venture capital industry. Weight of evidence is adduced in favour of five propositions, relating to: monitoring demands; internal change within the investee firm; the variety, extent and frequency of information change; the use of enhanced information for decision support; and the universalist influence of the investor. This evidence has implications for practitioners, as well as for future research on AIS development.

Keywords: Venture Capital; Accounting Information System (AIS); Entrepreneurial Firm (search for similar items in EconPapers)
JEL-codes: G24 L21 M13 M41 (search for similar items in EconPapers)
Date: 1996-10
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.st-andrews.ac.uk/crieff/papers/dp9616.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.st-andrews.ac.uk/crieff/papers/dp9616.pdf [302 Found]--> https://www.st-andrews.ac.uk/crieff/papers/dp9616.pdf)

Related works:
Journal Article: Venture Capital Supply and Accounting Information System Development (1997)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:san:crieff:9616

Access Statistics for this paper

More papers in CRIEFF Discussion Papers from Centre for Research into Industry, Enterprise, Finance and the Firm Department of Economics, Castlecliffe, The Scores, St Andrews, KY16 9AZ. Contact information at EDIRC.
Bibliographic data for series maintained by Department of Economics, The University of St Andrews Business School ().