Venture capital: Analysis of its evolution and emerging research trends
Palabras clave:
Venture capital, emerging trend, bibliometrics analysis, financing business projects
Resumen
Venture capital funds are crucial since they are a financing alternative for generating new companies. They also represent a series of critical resources that allow them to maintain improved performance in the target industry. The objective of this study is to carry out a bibliometric analysis on venture capital, through articles published within the Web of Sciences platform with indexing in the Journal Citation Reports, which identifies 1,653 research papers between 1980 and 2020. The results show the behavior and evolution of this topic in recent years, where there is a clear growing trend in venture capital research, as well as an overview of the authors and the most cited articles, including the production in terms of institutions, countries, and an analysis of the most used keywords by researchers, which represent an important area of opportunity for future studies related to this topic.
Citas
Brinlee, J.B., Franklin, G.M., Bell, J.R., & Bullock, C.A. (2004). Educating entrepreneurs on angel venture capital financing options. Journal of Business and Entrepreneurship, 16(2), 141-156
Cancino, C., Merigo, J., Torres, J., & Díaz, D. (2018). A bibliometric analysis of venture capital research. Journal of Economics, Finance and Administrative Science, 23(2), 182-195. https://doi.org/10.1108/jefas-01-2018-0016
Chung, H.J., & Kang, M.Y. (2018). Assessing venture capital industry growth in Korea. Managerial Finance, 44(1), 74-85. https://doi.org/10.1108/MF-07-2016-0210
Cornelius, B., & Persson, O. (2006). Who’s who in venture capital research. Technovation, 142-150. https://doi.org/10.1016/j.technovation.2005.05.2009
De Clercq, D., & Manigart, S. (2007). The Venture Capital Post-Inversmennt Phase: Opening the Black Box of Involvement. In: Landström, H., Handbook of Research on Venture Capital (pp. 193-218). Cheltenham: Edward Elgar.
Ellegaard, O., & Wallin, J.A. (2015). The bibliometric analysis of scholarly production: How great is the impact? Scientrometrics, 1809-1831. https://doi.org/10.1007/s11192-015-1645-z
Fathonih, A., Anggadwita, G., & Ibraimi, S. (2019). Sharia venture capital financing alternative of Muslim entrepreneurs: Opportunities, challenges, and future research directions. Journal of Enterprising Communities: People and Places in the Global Economy, 13(3), 332-352. https://doi.org/10.11.08/jec-11-2018-0090
Gompers, P., & Lerner, J. (2001). The Money of Invention: How Venture Capital Creates New (1 ed.). Boston: Harvard Business Review Press
Gompers, P.A., & Lerner, J. (2004). The Venture Capital Cycle. MIT Press.
Hisrich, R., Petkovic, S., Ramadani, V., & Dana, L. (2016). Venture capital funds in transition countries: Insights from Bosnia and Herzegovina and Macedonia. Journal of Small Business and Enterprise Development, 23(2), 296-315. https://doi.org/10.1108/jsbed-06-2015-0078
Klonowki, D. (2006). Venture capital as a method of financing enterprise development in Central and Eastern Europe. International Journal of Emerging Markets, 1(2), 165-175. https://doi.org/10.1108/17468800610658325
Li, J., & Dutta, D.K. (2018). Founding team experience, industry context, and new venture creation. New England Journal of Entrepreneurship, 21(1), 2-21. https://doi.org/10.1108/neje-04-2018-0008
Sahlman, W.A. (1990). The structure and governance of venture-capital organizations. Journal of Financial Economics, 27(2), 473-521. https://doi.org/10.1016/0304-405x
Sander, P., & Koomagi, M. (2007). Valuation of private companies by Estonian private equity and venture capitalists. Baltic Journal of Management, 2(1), 6-19. https://doi.org/10.11.08/17655260710720219
Snyder, H. (2019). Literature review as a research methodology: An overview and guidelines. Journal of Business Research, 333-339. https://doi.org/10.1016/j.jbusres.2019.07.039
Van Eck, N.J., & Waltman, L. (2010). Software survey: VOSviewer, a computer program for bibliometric mapping. Scientometrics, (84), 523-538. https://doi.org/10.1007/s11192-009-0146-3
Yasemin, Y., & Kor, C.S. (2008). Experience-based human capital and social capital of outside directors. Journal of Management, 35(4), 981-1006. https://doi.org/10.1177/0149206308321551
Zhang, W., Li, J., & Mai, Y. (2019). The effect of industry association on firm innovation in Chinese private ventures. Management Decision, 57(9), 2414-2435. https://doi.org/10.1108/md-05-2018-0538
Cancino, C., Merigo, J., Torres, J., & Díaz, D. (2018). A bibliometric analysis of venture capital research. Journal of Economics, Finance and Administrative Science, 23(2), 182-195. https://doi.org/10.1108/jefas-01-2018-0016
Chung, H.J., & Kang, M.Y. (2018). Assessing venture capital industry growth in Korea. Managerial Finance, 44(1), 74-85. https://doi.org/10.1108/MF-07-2016-0210
Cornelius, B., & Persson, O. (2006). Who’s who in venture capital research. Technovation, 142-150. https://doi.org/10.1016/j.technovation.2005.05.2009
De Clercq, D., & Manigart, S. (2007). The Venture Capital Post-Inversmennt Phase: Opening the Black Box of Involvement. In: Landström, H., Handbook of Research on Venture Capital (pp. 193-218). Cheltenham: Edward Elgar.
Ellegaard, O., & Wallin, J.A. (2015). The bibliometric analysis of scholarly production: How great is the impact? Scientrometrics, 1809-1831. https://doi.org/10.1007/s11192-015-1645-z
Fathonih, A., Anggadwita, G., & Ibraimi, S. (2019). Sharia venture capital financing alternative of Muslim entrepreneurs: Opportunities, challenges, and future research directions. Journal of Enterprising Communities: People and Places in the Global Economy, 13(3), 332-352. https://doi.org/10.11.08/jec-11-2018-0090
Gompers, P., & Lerner, J. (2001). The Money of Invention: How Venture Capital Creates New (1 ed.). Boston: Harvard Business Review Press
Gompers, P.A., & Lerner, J. (2004). The Venture Capital Cycle. MIT Press.
Hisrich, R., Petkovic, S., Ramadani, V., & Dana, L. (2016). Venture capital funds in transition countries: Insights from Bosnia and Herzegovina and Macedonia. Journal of Small Business and Enterprise Development, 23(2), 296-315. https://doi.org/10.1108/jsbed-06-2015-0078
Klonowki, D. (2006). Venture capital as a method of financing enterprise development in Central and Eastern Europe. International Journal of Emerging Markets, 1(2), 165-175. https://doi.org/10.1108/17468800610658325
Li, J., & Dutta, D.K. (2018). Founding team experience, industry context, and new venture creation. New England Journal of Entrepreneurship, 21(1), 2-21. https://doi.org/10.1108/neje-04-2018-0008
Sahlman, W.A. (1990). The structure and governance of venture-capital organizations. Journal of Financial Economics, 27(2), 473-521. https://doi.org/10.1016/0304-405x
Sander, P., & Koomagi, M. (2007). Valuation of private companies by Estonian private equity and venture capitalists. Baltic Journal of Management, 2(1), 6-19. https://doi.org/10.11.08/17655260710720219
Snyder, H. (2019). Literature review as a research methodology: An overview and guidelines. Journal of Business Research, 333-339. https://doi.org/10.1016/j.jbusres.2019.07.039
Van Eck, N.J., & Waltman, L. (2010). Software survey: VOSviewer, a computer program for bibliometric mapping. Scientometrics, (84), 523-538. https://doi.org/10.1007/s11192-009-0146-3
Yasemin, Y., & Kor, C.S. (2008). Experience-based human capital and social capital of outside directors. Journal of Management, 35(4), 981-1006. https://doi.org/10.1177/0149206308321551
Zhang, W., Li, J., & Mai, Y. (2019). The effect of industry association on firm innovation in Chinese private ventures. Management Decision, 57(9), 2414-2435. https://doi.org/10.1108/md-05-2018-0538
Publicado
2022-06-27
Cómo citar
Reyes Ayala, L., Medina-Quintero, J. M., Morales Sáenz, F. I., & Ortiz Rodríguez, F. (2022). Venture capital: Analysis of its evolution and emerging research trends. Revista Venezolana De Gerencia, 27(99), 1044-1057. https://doi.org/10.52080/rvgluz.27.99.12
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