Change search
ReferencesLink to record
Permanent link

Direct link
Venture Capitalisters investeringskriterier: vilka finansiella investeringskriterier är mest betydelsefulla vid en investeringsmöjlighet?
Linköping University, Department of Management and Engineering, Business Administration. Linköping University, Faculty of Arts and Sciences.
Linköping University, Department of Management and Engineering, Business Administration. Linköping University, Faculty of Arts and Sciences.
2016 (Swedish)Independent thesis Advanced level (degree of Master (One Year)), 20 credits / 30 HE creditsStudent thesisAlternative title
Venture Capitalists’ investment criterions : what financial investment criterions bare most importance upon evaluating an investment opportunity? (English)
Abstract [sv]

Sverige är ett land med förhållandevis många start-ups och Stockholm är den stad i världen med näst mest VC per capita. Ökningen av svenska start-ups är däremot oproportionerlig gentemot ökningen av svenskt VC. Det medför en hårdare konkurrens om riskkapitalet mellan svenska start-ups, vilket i sin tur leder till att det blir svårare för dem att finansiera sin verksamhet. Vidare existerar ett kunskapsgap inom forskningslitteraturen kring VCs finansiella investeringskriterier i allmänhet, och om svenska VCs finansiella investeringskriterier i synnerhet. Studiens syfte är att undersöka och därigenom öka förståelsen kring vilka finansiella investeringskriterier svenska VCs använder sig av för att utvärdera en investeringsmöjlighet i en start-up. En kvantitativ enkätundersökning har genomförts med en kvasiexperimentell design. Studien har tillämpat en deduktiv ansats och utgått från ett realistiskt perspektiv. 27 enkätsvar har genererats som analyserats med hjälp av en Conjoint Analysis och en hierarkisk multipel regression. Resultaten från båda analysmetoderna indikerar att de finansiella investeringskriterier som inkluderats i studien rangordnas enligt följande av våra respondenter: (1) tillväxtpotential internationellt, (2) potentiell avkastning, (3) risk/osäkerhet, (4) tillgång till finansiell information och (5) exit.

Abstract [en]

Sweden is a country that houses a relatively large amount of start-ups and Stockholm is a city that has the second most invested venture capital per capita in the world. However, the increase of Swedish start-ups is disproportional to the increase of Swedish Venture Capital. As a consequence, the competition between Swedish start-ups to access venture capital is intensifying and it is therefore becoming more difficult for Swedish start-ups to raise capital. Furthermore, research in regard of Venture Capitalits’ financial investment criterions is overall sparse and on the Swedish market almost non-existent. The purpose of this study is to investigate what financial investment criterions bare most importance to Swedish Venture Capitalists when evaluating an investment opportunity. This study uses a quantitative methodology with a survey design. The study takes a deductive approach and applies a realistic perspective. 27 responses were collected and analyzed using a conjoint analysis- and hierarchical multiple regression modell. Our results show that the financial investment criterions included in our study are ranked by our respondents as follows: (1) international growth potential, (2) potential rate of return, (3) risk/uncertainty, (4) accessibility to financial information, and (5) exit.

Place, publisher, year, edition, pages
2016. , 84 p.
Keyword [en]
Venture Capital, Financial Investment Criterions, Conjoint Analysis, Hierarchical Multiple Regression, Investment Process
Keyword [sv]
Venture Capital, Finansiella investeringskriterier, Conjoint Analysis, Hierarkisk multipel regression, Investeringsprocess
National Category
Business Administration
Identifiers
URN: urn:nbn:se:liu:diva-129889ISRN: LIU‐IEI‐FIL‐A‐‐16/02218‐‐SEOAI: oai:DiVA.org:liu-129889DiVA: diva2:945004
Subject / course
Master Thesis in Business Administration; Master Thesis in Business and Economics Programme (Business Administration)
Supervisors
Examiners
Available from: 2016-08-31 Created: 2016-06-30 Last updated: 2016-08-31Bibliographically approved

Open Access in DiVA

Venture Capital(1789 kB)3 downloads
File information
File name FULLTEXT01.pdfFile size 1789 kBChecksum SHA-512
70c8b69c7f59ef09b8376d124e38e5977f90b9f33b87ba52477443d6504aedce5f15ecec7283fbd2ba7a7038041f3b5ed1d43677c41d87fc5ba2f74a71d08359
Type fulltextMimetype application/pdf

Search in DiVA

By author/editor
Kvist, PhilipRosengren, Jonathan
By organisation
Business AdministrationFaculty of Arts and Sciences
Business Administration

Search outside of DiVA

GoogleGoogle Scholar
Total: 3 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

Total: 13 hits
ReferencesLink to record
Permanent link

Direct link