TY - JOUR
T1 - Sustainable Investments in Responsible SMEs
T2 - That’s What’s Distinguish Government VCs from Private VCs
AU - Johansson, Jeaneth
AU - Malmström, Malin
AU - Wincent, Joakim
PY - 2021/1/6
Y1 - 2021/1/6
N2 - Researchers question the impact of governmental venture capitalists (GVC) compared to private venture capitalists (PVC), but we know little about why this difference occurs and if this criticism is justified. We observed a group of GVCs and developed a new model that describes the way that GVCs process signals pre- and post-decisions. Certain macro level factors severely undermine micro level performance, causing GVCs to financially underperform with respect to PVCs. This helped us to understand that GVCs do not make investment decisions in the same way as PVCs, and what undermines the performance of GVCs’ decision-making processes. The main goals of GVCs are to promote investments in responsible SMEs, mobilizing societal impact. We discuss that the criticism of GVC needs to be more nuanced, as they have a different role than PVC in the financial system as providers of sustainable investments in responsible SMEs
AB - Researchers question the impact of governmental venture capitalists (GVC) compared to private venture capitalists (PVC), but we know little about why this difference occurs and if this criticism is justified. We observed a group of GVCs and developed a new model that describes the way that GVCs process signals pre- and post-decisions. Certain macro level factors severely undermine micro level performance, causing GVCs to financially underperform with respect to PVCs. This helped us to understand that GVCs do not make investment decisions in the same way as PVCs, and what undermines the performance of GVCs’ decision-making processes. The main goals of GVCs are to promote investments in responsible SMEs, mobilizing societal impact. We discuss that the criticism of GVC needs to be more nuanced, as they have a different role than PVC in the financial system as providers of sustainable investments in responsible SMEs
KW - 512 Business and Management
KW - sustainable investments
KW - entrepreneurial finance
KW - government venture capital
KW - private venture capital
KW - responsible ventures
KW - decision-making
UR - https://www.mendeley.com/catalogue/02295701-4aea-38c7-8d21-325b181491da/
U2 - 10.3390/jrfm14010025
DO - 10.3390/jrfm14010025
M3 - Article
SN - 1911-8066
VL - 14
SP - 25
JO - Journal of Risk and Financial Management
JF - Journal of Risk and Financial Management
IS - 1
ER -