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The Role of the Venture Capitalist as Monitor of the Company: a corporate governance perspective
Author(s) -
Van den Berghe L.A.A.,
Levrau Abigail
Publication year - 2002
Publication title -
corporate governance: an international review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.866
H-Index - 85
eISSN - 1467-8683
pISSN - 0964-8410
DOI - 10.1111/1467-8683.00278
Subject(s) - corporate governance , perspective (graphical) , stewardship (theology) , business , venture capital , position (finance) , accounting , corporate venture capital , finance , political science , law , artificial intelligence , politics , computer science
The monitoring and stewardship role of the owner is an important corporate governance issue that deserves far more attention. Our analysis focuses on the role of the venture capitalist (VC) as monitor of high–tech venture–backed companies. We provide evidence from the literature as well as a qualitative descriptive view of the experiences of Belgian VCs. The position of the VC sheds more light on the plenitude of roles an active owner can play. Furthermore, our findings highlight the need for a better understanding of the governance structure and processes of high–tech companies.