TY - JOUR
T1 - The early-stage risk capital market in Scotland since 2000: issues of scale, characteristics and market efficiency
AU - Harrison, Richard T.
AU - Don, Gavin
AU - Glancey Johnston, Keith
AU - Grieg, Malcolm
PY - 2010
Y1 - 2010
N2 - In this paper we provide a detailed profile and analysis of the regional risk capital market in Scotland, using an innovative methodology and specially developed databases which cover risk capital investment in young companies in the periods 2000–04 and 2005–07. This identifies the investment activity of all actors in the market and provides estimates of the total flow of risk capital investment into early-stage Scottish companies over the period. The paper concludes by drawing out the implications for policy makers (providing a more robust evidence base for the development, implementation and monitoring of policy) and for academic researchers (on the methodologies for estimating market scale and efficiency).
AB - In this paper we provide a detailed profile and analysis of the regional risk capital market in Scotland, using an innovative methodology and specially developed databases which cover risk capital investment in young companies in the periods 2000–04 and 2005–07. This identifies the investment activity of all actors in the market and provides estimates of the total flow of risk capital investment into early-stage Scottish companies over the period. The paper concludes by drawing out the implications for policy makers (providing a more robust evidence base for the development, implementation and monitoring of policy) and for academic researchers (on the methodologies for estimating market scale and efficiency).
U2 - 10.1080/13691066.2010.486149
DO - 10.1080/13691066.2010.486149
M3 - Article
SN - 1369-1066
VL - 12
SP - 211
EP - 239
JO - Venture Capital An International Journal of Entrepreneurial Finance
JF - Venture Capital An International Journal of Entrepreneurial Finance
IS - 3
ER -