Banks versus Venture Capital: Project Evaluation, Screening, and Expropriation

By Masako Ueda. 2004

483 citations recorded by the source corpus.

Subfields: Accounting, Management of Technology and Innovation

View Paper: https://www.semanticscholar.org/paper/8da39a2b842e430c677c585fc425d3d47a7fe4cb

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In Accounting

In Management of Technology and Innovation

Citations in the corpus

Informed finance and technological change: Evidence from credit relationships (2007, methodology): “Some scholars (e.g. Rajan, 1992; Diamond and Rajan, 2001; Ueda, 2004; Landier, 2003) highlight the power that is attached to the information of financiers when contracts are imperfectly enforceable.”
Equity crowdfunding: First resort or last resort? (2017, background): “While studies have, for example, examined the capital structure of new firms (Cassar, 2004) and also compared firms that raise bank debt with those that raise venture capital (Ueda, 2004), they only focused on the financing obtained (i.e., the intersection between demand and supply).”
A Cross-Disciplinary Exploration of Entrepreneurship Research (2007, methodology): “For example, Ueda (2004) developed a model to compare entrepreneurs who raised funds through banks to those using VCs.”
Private equity investment criteria: An experimental conjoint analysis of venture capital, business angels, and family offices (2019, background): “literature, in which VC investments are generally characterized as high risk and high growth (Ueda, 2004).”
Venture Capital and Other Private Equity: A Survey (2011, unknown): “While (Ueda 2004) focuses on the ex ante screening ability differential between VCs and banks, (Winton and Yerramilli 2008) model follow-on financing decisions, thus incorporating ex post (costly) monitoring into their analysis.”
Entrepreneurial Finance: Banks Versus Venture Capital (2008, unknown): “In Ueda (2004), the choice between bank and venture capital financing depends on the relative importance of more accurate screening and the level of intellectual property rights protection.”
Redacting Proprietary Information at the Initial Public Offering (2015, background): “In contrast, in Ueda’s (2004) theoretical model, an entrepreneur with proprietary information fears that a VC could steal her ideas, and chooses bank financing instead.”
Financing entrepreneurship: Bank finance versus venture capital (2007, background): “This entrepreneur expropriation possibility is a near mirror-image of the Ueda (2004) framework where expropriation by the VC is a key issue.”
An entrepreneur's choice of venture capitalist or angel-financing: A behavioral game-theoretic approach (2011, background): “…choice of financier.8 This work has typically focused either on the entrepreneur's choice between venture capital or bank finance (Landier, 2001; Ueda, 2004; Winton and Yerramilli, 2004; de Bettignies and Brander, 2007), or (as in this paper) the choice between venture capital and…”
Institutions and Venture Capital (2013, unknown): “Ueda (2004) argued that good IPR protection assures entrepreneurs that venture capitalists will not steal their ideas, and entrepreneurs are therefore more comfortable with bringing in their help.”
The value added by government venture capital funds compared with independent venture capital funds (2013, background): “Second, VC investments can engender expropriation risk (Ueda, 2004), which could in turn cause an increased cost to protect intellectual property.”
Venture Capital Financing and the Growth of High-Tech Start-Ups: Disentangling Treatment from Selection Effects (2011, methodology): “To disentangle the treatment and selection effect of VC investments some cross-sectional studies use a two-step approach inspired by the literature on “endogenous treatment” (Heckman, 1990; Vella and Verbeek, 1999).”
Financial Development and Industrial Pollution (2018, unknown): “Third, banks may also simply lack the skills to assess (green) technologies at the early stages of adoption (Ueda, 2004).”