Ingredients Matter: How the Human Capital of Philanthropic and Traditional Venture Capital Differs
| Autor: | Mariarosa Scarlata, Andrew Zacharakis, Jennifer M. Walske |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2017 |
| Předmět: |
Economics and Econometrics
Social venture capital Human capital Arts and Humanities (miscellaneous) 0502 economics and business Firm objectives Philanthropic venture capital Social enterprises Venture capital 050602 political science & public administration Classical economics Business and International Management Social sector Finance business.industry Individual capital 05 social sciences Settore SECS-P/08 - Economia e Gestione delle Imprese General Business Management and Accounting Work experience 0506 political science Portfolio Business ethics business Law 050203 business & management |
| Popis: | Philanthropic venture capital (PhVC), like traditional venture capital (TVC), provides funding and value added services to a portfolio of entrepreneurial firms. However, TVC differs from PhVC, as the primary goal of TVC is to maximize the economic return of its investments. In contrast, PhVC firms expect their portfolio companies to perform well in terms of both social and economic returns. Using both American and European firms, this paper explores and compares the human capital in PhVC and TVC firm founders. Our results show that there are key differences in both general and specific human capital between these firm types. While both TVC and PhVC firm founders have high levels of commercial experience, TVC firm founders tend to hold degrees in science, engineering, business, and law more frequently than PhVC firm founders. PhVC founders also differ from TVC founders by having greater work experience in the social sector. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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