Venture Capital and Risk in High-Technology Enterprises

Gavin Reid and Julia Smith

International Journal of Business and Economics, 2003, vol. 2, issue 3, 227-244

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).

Keywords: principal-agent; high-tech; risk (search for similar items in EconPapers)
JEL-codes: D8 M2 M4 (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ijb:journl:v:2:y:2003:i:3:p:227-244

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