Normal view MARC view

Emergent properties of a new financial market: American venture capital syndication, 1960–2005

Author: Kogut, Bruce ; Urso, Pietro ; Walker, GordonINSEAD Area: StrategyIn: Management Science, vol. 53, no. 7, July 2007 Language: EnglishDescription: p. 1181-1198.Type of document: INSEAD ArticleNote: Please ask us for this itemAbstract: The recorded transactions of venture capital investments permit a direct examination of the Braudel hypothesis that regional markets evolve dynamically and interdependently in reference to a global system. This hypothesis contradicts the popular belief that regional financial development is anchored in dense clusters. Using methods of complex graphs, we analyse 159,561 transactions over nearly 45 years to demonstrate the rapid emergence of a national network of syndications. A giant component emerges early in the history of the industry, which subsumes the regional and sectoral subgraphs. The results confirm the Braudel hypothesis over the role of regional clusters, rejects preferential attachment in favor of repeated ties among trusted partners, and emphasizes the importance of dynamics and complex weighted graphs for the analysis of social and economic behaviour.
Tags: No tags from this library for this title. Log in to add tags.
Item type Current location Call number Status Date due Barcode Item holds
INSEAD Article Europe Campus
Available BC007953
Total holds: 0

Ask Qualtrics

The recorded transactions of venture capital investments permit a direct examination of the Braudel hypothesis that regional markets evolve dynamically and interdependently in reference to a global system. This hypothesis contradicts the popular belief that regional financial development is anchored in dense clusters. Using methods of complex graphs, we analyse 159,561 transactions over nearly 45 years to demonstrate the rapid emergence of a national network of syndications. A giant component emerges early in the history of the industry, which subsumes the regional and sectoral subgraphs. The results confirm the Braudel hypothesis over the role of regional clusters, rejects preferential attachment in favor of repeated ties among trusted partners, and emphasizes the importance of dynamics and complex weighted graphs for the analysis of social and economic behaviour.

Digitized

There are no comments for this item.

Log in to your account to post a comment.
Koha 18.11 - INSEAD Catalogue
Home | Contact Us | What's Koha?