Abstract
The purpose of this study was to investigate the effects of the managerial background of Korean venture capitalists on investment decision strategies and explore how the organizational characteristics of the venture capitals where they work influence the relationship between their managerial background and investment decision strategies. For this purpose, this study used the database of investments and returns of venture funds where Korea Venture Investment Corporation has participated. In additon, this study performed a hierarchical regression analysis based on the research model with Statistical Package for the Social Sciences software, version 24.0. In the results of this study, first, venture capitalists with output or greater investment experience tend to pursue a strategy of investing in the early-stage venture companies or investing in specialized industries. Second, the more investment resources their venture capitals have, the weaker these relationships are.
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© 2019 Walter de Gruyter GmbH, Berlin/Boston
Artikel in diesem Heft
- Frontmatter
- Competitive Research Articles
- Starting Business Out of Unemployment: How Do Supported Self-employed Individuals Perform?
- Moving from Intentions to Actions in Youth Entrepreneurship: An Institutional Perspective
- Entrepreneurial Traits, Entrepreneurial Environment Perception, and New Venture Performance: Empirical Evidence from Chinese Firms
- The Venture Capital Feedback Cycle: A Critical Review and Future Directions
- Is The Criminal Justice System A Barrier To Entrepreneurship In Fragile Communities?
- The Moderating Effect of Organizational Characteristics the Relationship between Managerial Backgrounds of Korean Venture Capitalists and Their Investment Strategies
Artikel in diesem Heft
- Frontmatter
- Competitive Research Articles
- Starting Business Out of Unemployment: How Do Supported Self-employed Individuals Perform?
- Moving from Intentions to Actions in Youth Entrepreneurship: An Institutional Perspective
- Entrepreneurial Traits, Entrepreneurial Environment Perception, and New Venture Performance: Empirical Evidence from Chinese Firms
- The Venture Capital Feedback Cycle: A Critical Review and Future Directions
- Is The Criminal Justice System A Barrier To Entrepreneurship In Fragile Communities?
- The Moderating Effect of Organizational Characteristics the Relationship between Managerial Backgrounds of Korean Venture Capitalists and Their Investment Strategies