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After the doc.com bubble has burst: UK Venture Capitalists, short-term accounting criteria and investment in start-up companies

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Wybrane pełne teksty z tego czasopisma
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Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
This paper reports findings from a questionnaire survey that sought to establish whether venture capitalists were using inappropriate, short-term accounting criteria to assess and monitor investment in start-up, internet companies. It found that while venture capitalists used some short-term criteria, these may be appropriate in the wake of many internet companies' bankruptcy before ever paying dividends.
Czasopismo
Rocznik
Strony
111--122
Opis fizyczny
Bibliogr. 19 poz., tab.
Twórcy
autor
  • University of Sheffield, Management School, United Kingdom
autor
  • University of Sheffield, Management School, United Kingdom
Bibliografia
  • 1. Accounting Standards Board (1991), The Structure of Financial Statements -Reporting of Financial Performance, FRED1, December.
  • 2. Arnold G. (2003), Corporate Financial Management, second edition, Pearson Education, Harlow.
  • 3. BVCA (2002), Full members directory, http://www.bvca.co.uk/
  • 4. Cassidy J. (2003), Dot.Com, Penguin, London.
  • 5. Grinyer J., Russell A., Collison D. (1998), Evidence of Managerial Short-termism in the UK, “British Journal of Management”, Vol. 9, p. 13-22.
  • 6. Johnson H., Kaplan R. (1987), Relevance Lost: The Rise and Fall of Management Accounting, Harvard University Press, Boston.
  • 7. Jones T.C., Lee B. (1998), Accounting, Strategy and AMT Investment, “Omega, International Journal of Management Science”, Vol. 26, No. 6, p. 769-783.
  • 8. Kaplan R. (1986), Must CIM be justified by faith alone?, “Harvard Business Review”, March/April, p. 87-93.
  • 9. Lee B. (1996), The justification and monitoring of advanced manufacturing technology: an empirical study of 21 installations of flexible manufacturing Systems, “Management Accounting Research”, Vol. 7, No. 1, p. 95-118.
  • 10. Lorenz T. (1989), Venture Capital Today: A practical guide to the venture Capital market, second edition, Woodhead-Faulker Limited, Cambridge.
  • 11. MacMillan I., Siegel R., Narasimha P.N.S. (1985), Criteria used by venture capitalists to evaluate new venture propos ais, “Journal of Business Venturing”, 1, p. 119-128.
  • 12. Manigart S., De Waele K., Wright M., Robbie K., Desbrieres P., Sopienza H., Beekman A. (2000), Venture capitalists, investment appraisal and accounting information: a comparative study of the USA, UK, France, Belgium and Holland, “European Financial Management”, Vol. 6, No. 3, p. 389-403.
  • 13. McCown J.R. (2001), Yield curves and international equity returns, “Journal of Banking & Finance”, Vol. 25, p. 767-788.
  • 14. Murray G.C. (1995), Evolution and Change: An Analysis of the first decade of the UK Venture Capital Industry, “Journal of Business Finance & Accounting”, Vol. 22, No. 8, p. 1077-1106.
  • 15. Perez C. (2002), Technological Revolutions and Financial Capital: The Dynamics of Bubbles and Golden Ages, Edward Elgar, Cheltenham.
  • 16. Pries F. (2001), Distinguishing Successful from Unsuccessful Venture Capital Investments in Technology-Based New Ventures: How Investment Decision Criteria Relate to Deal Performance, University of Waterloo, Ontario, Master of Applied Science thesis, Ontario.
  • 17. Ramboarisata L., Macdonald R. (2000), Leadership and Start-up Financing, in: Select Proceedings of the International Leadership Association, http://www.academy.umd.edu/ila2000proceedings/ramboarista.htm.
  • 18. Tehrani R. (2003), It’s All About Service, in: BizWatch, http://www.tmcnet.com/bizwatch/articles/073102a.htm.
  • 19. Venture Capital Today (2002), Venture Capital Report 2001/2002 edition, Venture Capital Report Limited, London.
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.baztech-article-BPZ2-0024-0018
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