How do the parent companies of venture capitals influence venture capitalists’ investment strategies?

Youngkeun Choi ()
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Youngkeun Choi: Sangmyung University

International Entrepreneurship and Management Journal, 2024, vol. 20, issue 2, No 6, 663-680

Abstract: Abstract The purpose of this study is to investigate the effects of human and social capitals of Korean venture capitalists on their investment strategies and identify how the characteristics of the parent companies their venture capitals influence these relationships. This study used the database of Korea Venture Investment Corporation and did hierarchical regression analysis by SPSS. In the results, first, venture capitalists who have output background or more investment experience tend to pursue a strategy of investing in early-stage ventures or investing in specialized industries. Second, their venture capitals of which parent companies are financial institutions weaken these relationships.

Keywords: Venture capitalist; Human capital; Social capital; Governance; Investment strategy (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s11365-023-00885-y

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