Bewertungsunsicherheit der Investitionskriterien von Venture-Capital-Gebern – Eine Prozessperspektive
Year: 2009
Author: Kollmann, Tobias, Kuckertz, Andreas
Credit and Capital Markets – Kredit und Kapital, Vol. 42 (2009), Iss. 4 : pp. 563–595
Abstract
Venture Capital, Investment Decisions, and Uncertainty – A Process Perspective
This article analyses the decision-making process of venture capitalists and examines the uncertainty they encounter in evaluating investment proposals. Based on the economics of information we identify different degrees of uncertainty in the course of the investment process. Empirical results are provided that highlight how uncertainty differs between three stages of the investment process: the business plan evaluation phase, the due diligence, and the deal structuring phase.
Journal Article Details
Publisher Name: Global Science Press
Language: German
DOI: https://doi.org/10.3790/kuk.42.4.563
Credit and Capital Markets – Kredit und Kapital, Vol. 42 (2009), Iss. 4 : pp. 563–595
Published online: 2009-10
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 33