{"product_id":"venture-capital-and-the-financing-of-innovation-hardback-9781786300690","title":"Venture Capital and the Financing of Innovation (Hardback) 9781786300690","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eVenture Capital and the Financing of Innovation\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cfont size=\"4\"\u003eBernard Guilhon (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781786300690, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 14 February 2020\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e196 pages\u003cbr\u003e23.6 x 16 x 1.6 cm, 0.454 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cp\u003eThe funding of innovative projects that are fundamentally ambiguous often leads to situations where decision-making is difficult. However, decision-making can be improved by practices such as syndication and step-by-step funding. The dynamic of this industry requires us to consider the economic and institutional variables that make this system coherent in English-speaking countries, but conversely reduce it to a privileged niche by the leading authorities in Europe and France.\u003c\/p\u003e \u003cp\u003eThis book proposes two guiding ideas. The first idea presents innovation as a very uncertain process. This modifies the decision-making in the entrepreneurial ecosystem, with intervention upstream in regards to stronger foundations, evaluations and selection of projects. The second idea is that the actors hold onto partial knowledge in a context where their attention span is limited. These cognitive limitations need the formation of networks, and lead to mutual and complementary dependency relations.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003eAcknowledgements vii\u003c\/p\u003e \u003cp\u003eIntroduction ix\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1. Venture Capital, Behavior and Performance of Stakeholders 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1. The analytical framework 4\u003c\/p\u003e \u003cp\u003e1.1.1. The contractual model and agency problems 4\u003c\/p\u003e \u003cp\u003e1.1.2. The resource-dependent approach 9\u003c\/p\u003e \u003cp\u003e1.2. From the theoretical framework to the empirical findings: observed behaviors 11\u003c\/p\u003e \u003cp\u003e1.2.1. Methodological problems 11\u003c\/p\u003e \u003cp\u003e1.2.2. The arbitrations made: the entrepreneurial risk 13\u003c\/p\u003e \u003cp\u003e1.2.3. The change of the relationships over time 17\u003c\/p\u003e \u003cp\u003e1.2.4. Behaviors of refusal 19\u003c\/p\u003e \u003cp\u003e1.2.5. Risk aversion of venture capitalists 22\u003c\/p\u003e \u003cp\u003e1.3. The contribution of venture capital to the performance of innovative companies 28\u003c\/p\u003e \u003cp\u003e1.3.1. Innovation, growth and employment 29\u003c\/p\u003e \u003cp\u003e1.3.2. Survival rates and entrepreneurial persistence 34\u003c\/p\u003e \u003cp\u003e1.4. Conclusion 36\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2. The Sectoral Dynamics of Venture Capital 41\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1. Orientation by sector 44\u003c\/p\u003e \u003cp\u003e2.1.1. The orientation of venture capital by sector in the United States 46\u003c\/p\u003e \u003cp\u003e2.1.2. The trajectory in Europe 48\u003c\/p\u003e \u003cp\u003e2.1.3. The lessons learned 50\u003c\/p\u003e \u003cp\u003e2.2. High-tech industries, a less stable group 55\u003c\/p\u003e \u003cp\u003e2.2.1. Knowledge base, high-tech sectors, and venture capital: the macroeconomic influence 56\u003c\/p\u003e \u003cp\u003e2.2.2. The influence of advanced industries on the performance of the US economy 59\u003c\/p\u003e \u003cp\u003e2.2.3. Business creation, growth thresholds, and the new technology sector 63\u003c\/p\u003e \u003cp\u003e2.2.4. Elements of explanation 66\u003c\/p\u003e \u003cp\u003e2.3. An econometric model for determining high-tech investment in Europe 74\u003c\/p\u003e \u003cp\u003e2.3.1. The approach used: the analytical framework and assumptions made 75\u003c\/p\u003e \u003cp\u003e2.3.2. The econometric model 78\u003c\/p\u003e \u003cp\u003e2.3.3. Results and discussion 82\u003c\/p\u003e \u003cp\u003e2.4. Conclusion 89\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3. The Three Structures for Interpreting Venture Capital: The Market, Industry and Institutions 91\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1. An interpretation of venture capital in market terms 92\u003c\/p\u003e \u003cp\u003e3.1.1. From market efficiency to wealth creation 93\u003c\/p\u003e \u003cp\u003e3.1.2. Characteristics and functions of the market 96\u003c\/p\u003e \u003cp\u003e3.1.3. The venture capital market 97\u003c\/p\u003e \u003cp\u003e3.1.4. Why talk about a new market? 102\u003c\/p\u003e \u003cp\u003e3.1.5. Risk management at market levels 104\u003c\/p\u003e \u003cp\u003e3.2. An interpretation of venture capital in terms of industry 107\u003c\/p\u003e \u003cp\u003e3.2.1. The spread of an industrial logic 107\u003c\/p\u003e \u003cp\u003e3.2.2. The relative weight of venture capital investment in relation to GDP 112\u003c\/p\u003e \u003cp\u003e3.3. The role of institutions in the dynamics of the venture capital industry 126\u003c\/p\u003e \u003cp\u003e3.3.1. An econometric model for determining venture capital investment 127\u003c\/p\u003e \u003cp\u003e3.3.2. Specific analysis of institutional factors 135\u003c\/p\u003e \u003cp\u003e3.4. Conclusion 140\u003c\/p\u003e \u003cp\u003eConclusion 143\u003c\/p\u003e \u003cp\u003eReferences 151\u003c\/p\u003e \u003cp\u003eIndex 161\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Mathematics [\u003ca title=\"See our other books on Mathematics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Mathematics%20%5BPB%5D%22\"\u003ePB\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley-ISTE","offers":[{"title":"Brand New","offer_id":52446340579608,"sku":"9781786300690","price":110.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781786300690.jpg?v=1785111352","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/venture-capital-and-the-financing-of-innovation-hardback-9781786300690","provider":"Freshly Printed Books","version":"1.0","type":"link"}