Financial intermediaries, ownership structure and the provision of venture capital to SMEs: evidence from Japan
This paper examines how the provision of venture capital to small- and medium-sized businesses (SMEs) is influenced by the ownership structure of the venture capital provider. We introduce a new and unique dataset from the Japanese venture capital market, comprising data on investment and venture capital activities of 127 Japanese venture capital funds. The data allow us to provide a direct comparison of the behaviour of individual owner-manager venture capitalists versus financial...[Show more]
|Collections||ANU Research Publications|
|Source:||Small Business Economics|
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