Innovation and Organizational Change in Venture Capital since World War II

这是一个专门的风险投资组织的历史和跨国的演变研究。 这些类型的组织（即，这种金融创新）是新技术、新的高增长企业和新产业的重要推动力。 提高对风险资本组织产生和成功的条件的理解，应有助于改进旨在刺激技术创新和新公司增长的政策和管理做法。该项目的具体重点是解释第二次世界大战后专业风险资本组织的出现和随后的地理分布，研究风险投资组织形式的演变和多样性，并评估各种组织形式对风险投资绩效的影响。 研究人员将研究比较经济，政治，法律的，以及美国之间的社会因素地区和国家，特别注意创造有激励措施的熟练企业家进行风险投资项目池。 PI将使用公司内部记录、已发布的公司报告、期刊、已发布的数据库和个人访谈。 本研究采用统计分析方法，系统地研究了导致风险资本形成及其成功识别和培育新公司的因素。 研究还使用深入的案例研究，以填补定性的细节，并提供说明性的例子，风险资本发展的关键路径。 这项研究将产生一个风险资本活动数据库，将提供给未来的学者。

This is a study of the evolution of specialized venture capital organizations historically and also cross-nationally. These types of organizations (i.e., this financial innovation) are important enablers of new technologies, new high-growth firms and new industries. Improved understanding of the conditions that engender the emergence and success of venture capital organizations should yield insights for improving policies and management practices aimed at spurring technological innovation and new firm growth.The specific focus of the project is to explain the emergence and subsequent geographical spread of specialized venture capital (VC) organizations after World War II, examine the evolution and diversity of VC organizational forms over time, and assess the impact of various organizational forms on VC performance. The researcher will examine comparative economic, political, legal, and societal factors among U.S. regions and across countries with special attention to the creation of pools of skilled entrepreneurs with incentives to undertake venture-back projects. The PI will use internal company records, published company reports, periodicals, published databases, and personal interviews. The research uses statistical analysis to investigate systematically the factors that lead to venture capital formation and to their success in identifying and nurturing new companies. The research also uses in-depth case-studies to fill in qualitative detail and to provide illustrative examples of key paths of venture capital development. The study will yield a venture capital activity database that will be available to future scholars.