Access the full text.
Sign up today, get DeepDyve free for 14 days.
Loading next page...
/lp/inderscience-publishers/empirical-evidence-on-a-supply-driven-venture-capital-market-in-the-ZyAUhTLDQL
- Publisher
- Inderscience Publishers
- Copyright
- Copyright © Inderscience Enterprises Ltd. All rights reserved
- ISSN
- 1746-5370
- eISSN
- 1746-5389
- Publisher site
- See Article on Publisher Site
Abstract
This research focused on the US venture capital (VC) industry over the period of 1980 to 2006. We found that supply and demand shifts occurred in the US VC during that period. Moreover, the US VC industry has gone under fundamental transformation in the early 1990s when pension funds started to invest in the sector. As a result, the US VC industry has transformed into a supply-driven market. We estimate that the VC industry is still inflated and predict degraded future returns if the current trend of institutional investors to further increase their allocation for venture capital investments continues.
Journal
International Journal of Technoentrepreneurship – Inderscience Publishers
Published: Jan 1, 2007