 Do networks matter? Social capital and public investors - the Austrian perspectiveChristian Schlamp International Journal of Management and Enterprise Development, 2022, vol. 21, issue 2, 179-197 Abstract: The underlying study was concerned with governmental venture capital which is grounded in the assumption of market failure and financing gaps for technological start-ups (Güllmann, 2000; Brettel, 2005). The aim of the study was to examine the venture capital market in Austria at the macro and the micro level. First hand collected survey data and secondary data sources were analysed by means of descriptive statistics in order to examine the effectiveness of the public involvement and the public investors' network, syndication rationales and mentoring procedures. The results revealed financing constraints in the later stages of the Austrian venture capital market again (Gassler et al., 2018; Friedl et al., 2019) and also showed that the public investors maintained comprehensive and diverse networks. Therefore, they should also play a pivotal role for the support of regional innovation ecosystems (Pierrakis and Saridakis, 2019) and not for the provision of financings alone. Keywords: governmental venture capital; social capital; networks; syndication; monitoring and mentoring; management and development; start-ups; Austria. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ids:ijmede:v:21:y:2022:i:2:p:179-197 Access Statistics for this article More articles in International Journal of Management and Enterprise Development from Inderscience Enterprises Ltd |
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