Venture capital syndication and the financing of innovation: Financial versus expertise motives

Muriel Dal-Pont Legrand and Sophie Pommet
Authors registered in the RePEc Author Service: Muriel DAL PONT LEGRAND

Economics Letters, 2010, vol. 106, issue 2, 75-77

Abstract: Building on Huang and Xu's (2003) financial syndication model, we model syndication for expertise, and examine its impact on post-investment, venture capitalist involvement. We compare the performances of financial versus expertise motives on the decision to finance innovation.

Keywords: Syndication; Venture; capital; Expertise; Resource-based; strategy (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (1)

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Working Paper: Venture capital syndication and the financing of innovation: Financial versus expertise motives (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:106:y:2010:i:2:p:75-77

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