ISSN:
1467-8551
Source:
Blackwell Publishing Journal Backfiles 1879-2005
Topics:
Economics
Notes:
To date, there is a dearth of research on strategic antecedents and consequences of management support activities which German venture capital firms (VCFs) provide for the portfolio companies (PCs) they have invested in. This article provides insights regarding such support practices, their main determinants and impacts on the economic performance of PCs. Hypotheses were derived regarding usage of various types of management support, typical functional foci of management support and the influence of VCF and PC characteristics on management support practice. Hypotheses also cover relationships between type, intensity, and frequency of management support and PC performance. Data for 103 PCs of 12 German VCFs indicate the VCFs can improve the performance of their PCs by providing consultative management support, including active involvement in key functional decisions.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1111/1467-8551.00194
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