Meny

Du är här

False expectations: reconsidering the role of informal venture capital in closing the regional equity gap

Författare:
  • Sofia Avdeitchikova
Publiceringsår: 2009
Språk: Engelska
Sidor: 99-130
Publikation/Tidskrift/Serie: Entrepreneurship and Regional Development
Volym: 21
Nummer: 2
Dokumenttyp: Artikel
Förlag: Routledge

Sammanfattning

The role of informal venture capital in entrepreneurial process and economic development is increasingly recognized by scholars and policy-makers around the world. Much of the attention that this form of financing has received during the last couple of decades is due to its potential to bridge the regional equity gap. This study is concerned with regional distribution of informal venture capital and factors explaining the allocation of informal investments, and it is based on a large random sample of informal venture capital investors in Sweden. The key findings are that the informal venture capital market in Sweden shows a considerable concentration in metropolitan areas and university cities. Further, investments conducted in these places are allocated in proportion to the new business formation rate and concentration of technology-based firms, while the only factor that provides some explanation for the location of informal investments in the peripheral regions is the proportion of the regional population that is considering starting their own business. Finally, there is a small but significant reallocation of informal venture capital from peripheral regions to metropolitan areas and university cities, which shows that the informal venture capital market in Sweden contributes rather to sustaining the regional equity gap than to bridging it.

Disputation

Nyckelord

  • Business and Economics

Övriga

Published
Yes
  • ISSN: 0898-5626

Box 117, 221 00 LUND
Telefon 046-222 00 00 (växel)
Telefax 046-222 47 20
lu [at] lu [dot] se

Fakturaadress: Box 188, 221 00 LUND
Organisationsnummer: 202100-3211
Om webbplatsen