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Has Europe Been Catching Up? An Industry Level Analysis of Venture Capital Success over 1985–2009
Author(s) -
Kräussl Roman,
Krause Stefan
Publication year - 2014
Publication title -
european financial management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.311
H-Index - 64
eISSN - 1468-036X
pISSN - 1354-7798
DOI - 10.1111/j.1468-036x.2013.12012.x
Subject(s) - venture capital , business , social venture capital , slump , capital (architecture) , finance , market economy , economics , archaeology , cement , history
After nearly two decades of US leadership during the 1980s and 1990s, are Europe's venture capital (VC) markets in the 2000s finally catching up regarding the provision of financing and successful exits, or is the performance gap as wide as ever? Are we amid an overall VC performance slump with no encouraging news? We attempt to answer these questions by tracking over 40,000 VC‐backed firms stemming from six industries in 13 European countries and the USA between 1985 and 2009; determining the type of exit – if any – each particular firm's investors choose for the venture .