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

Muriel Dal-Pont Legrand () and Sophie Pommet ()
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Muriel Dal-Pont Legrand: GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique
Sophie Pommet: GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique
Authors registered in the RePEc Author Service: Muriel DAL PONT LEGRAND

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Abstract: Builing on Huand and Xu (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; sociétés de capital risque; expertise (search for similar items in EconPapers)
Date: 2009-11-04
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Published in Economics Letters, 2009, 106, pp.75-77

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Journal Article: Venture capital syndication and the financing of innovation: Financial versus expertise motives (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00454459

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