ABSTRACT

Venture capital is unique as it plays an interstitial role between many actors that are individually of interest to researchers in several disciplines. Venture capital is related to such diverse topics as pension fund investment, corporate finance, leveraged buyouts, small business management, entrepreneurship, business incubators, technology transfer, and economic development. The study of the venture capital market itself is largely the domain of business and economic researchers who have shown concern for:

(1) the investment decision-making behavior of venture capitalists, (2) the performance of venture capital portfolios, and (3) the availability and cost of venture capital.