Zusammenfassung Fragestellung des Papieres ist, ob junge Unternehmen durch die Inanspruchnahme einer Beteiligungsfinanzierung (Untersuchungsgruppe) eine bessere unternehmerische Performance erzielen können im Vergleich zu einer „repräsentativen" Menge von nicht mit Beteiligungskapital...

Purpose – The purpose of this paper is to identify the key characteristics of the post‐investment relationship between the venture capital firm and its investee companies. Design/methodology/approach – The research is a case study of a major UK venture capital firm using qualitative...

Concern about the equity gap in the UK has existed for more than 60 years. Despite various government measures and institutional responses (e.g. the development of a venture capital industry) an equity gap still persists. Current debate has recognized the role of the informal venture capital...

As the venture capital industry matures and competition increases, understanding the processes by which entrepreneurs select venture capitalists will become increasingly important. Empirical work suggests that awareness of venture capital firms is still low and that the specialist financial and...

Purpose – This paper sets out to assess the market for start‐up finance in the UK for high growth potential entrepreneurial firms. Design/methodology/approach – The paper uses data from the UK's Global Entrepreneurship Monitor surveys between 2001 and 2003 to assess the scale of equity...

Explains the audit process: its purpose is to check that balance sheet and profit and loss accounts have been prepared properly and give a true view of the company’s affairs. Shows why this is needed, plus the statutory requirement, engaging an auditor, the contractual relationship between...

Introduces the UK Financial Services and Markets Act 2000 (FSMA), a determined effort to modernise financial regulation which creates the Financial Services Authority (FSA) as a monolithic regulator and the Financial Services and Markets Tribunal as an appellate channel. Shows how the Act...

Purpose – The purpose of this paper is to provide comparative data from a two‐country study; specifically, into the internationalisation strategies of Canadian and UK high‐tech small and medium‐sized enterprises. Design/methodology/approach – The methodology employed involves 24...