Profit distribution and compensation structures in publicly and privately funded hybrid venture capital funds

By M. Jääskeläinen, Markku V. J. Maula, Gordon Murray. 2007

115 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/c7847fa6ee1c6125e3fae2a453d16c63a95d07f7

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Citations in the corpus

Governmental venture capital in Europe: Screening and certification (2016, background): “…resources in the VC industry (Colombo et al. 2014), ranging from the provision of public funding to PVC funds (often termed as “hybrid funds”, e.g., Jääskeläinen et al. 2007) where the government acts as a limited partner and the general partner is a professional private fund manager, to VC…”
Assessing the impact of public venture capital programmes in the United Kingdom: : Do regional characteristics matter? (2015, unknown): “The involvement of commercially motivated, private sector investors acting as „agents‟ on behalf of government „principals‟ in managing so-called “hybrid funds” has now become the predominant modus operandi in several countries of the world (Jaaskelainen et al., 2007).”
Does governmental venture capital spur invention and innovation? Evidence from young European biotech companies (2015, background): “Conversely, GVCs are generally not organized as limited partnerships, their management company is not independent from the ultimate investor (the government), their objectives are not limited to financial returns and their remuneration is usually fixed (Cumming and MacIntosh, 2006; Jääskeläinen et a”
Governmental and independent venture capital investments in Europe: a firm-level performance analysis (2017, background): “Examples of definitions are: i) equity (or equity-like) investments in young firms, or policy measures aimed at favoring other financial intermediaries to engage in such investments (Gompers and Lerner, 2004); ii) programs that help high-tech industries through direct VC initiatives and tax policies”
Financing technology-based small firms in Europe: what do we know? (2012, background): “…is how public policies can better coordinate their financial and non-financial measures – e.g. those focused on training and network formation (Jääskeläinen et al. 2007), as well as those 34 The authors have conducted a study on ten European countries (Belgium, Finland, France, Ireland,…”
Governmental venture capital for innovative young firms (2014, unknown): “Knockaert et al. (2006) and Knockaert and Vanacker (2013) show that the managers of captive funds are less involved in value-adding activities than independent VCs.”