Empirical analysis of venture capital (VC) syndication and financial risk sharing

2015 Fiscal Year Final Research Report

• Project/Area Number: 26885114
• Research Category: Grant-in-Aid for Research Activity Start-up
• Allocation Type: Single-year Grants
• Research Field: Management
• Research Institution: Hiroshima University of Economics
• Principal Investigator: Koda Keiichiro 広島経済大学, 経済学部, 助教 (10734006)
• Project Period (FY): 2014-08-29 – 2016-03-31
• Keywords: ベンチャー企業 / ベンチャーキャピタル / シンジケーション / リスク分散

Outline of Final Research Achievements

This study employs Japanese emerging market data to investigate the relation between venture capital (VC) syndication and financial risk sharing. The results reveal that high-risk start-ups are more likely to receive VC syndicates. Moreover, it suggests that VCs tend to set up syndications to decrease their investment risk.

Free Research Field

経営学