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What Drives Venture Capital Fundraising in India: An Empirical Analysis of Systematic and Non-Systematic Factors

Joshi, KA and Subrahmanya, Bala MH (2014) What Drives Venture Capital Fundraising in India: An Empirical Analysis of Systematic and Non-Systematic Factors. In: IEEE International Conference on Management of Innovation and Technology (ICMIT), SEP 23-25, 2014, Singapore, SINGAPORE, pp. 35-40.

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Official URL: http://www.icmit2014.org/doc/icmit14_tech_program_...

Abstract

In this paper, we develop a consolidated Supply-Demand framework of the Venture Capital (VC) ecosystem for India. Further, we empirically analyze the supply side of this ecosystem to ascertain the influence of systematic (macro) and non-systematic (micro) factors on VC fundraising. At the macro level, our results indicate that relatively strong fundamentals of the Indian economy in the past decade as compared with the severe recessionary tendencies in the developed economies have been critical in determining the aggregate volume of VC fundraising. Among the micro factors, past performance and reputation of the individual fund managers have been instrumental in determining their fund raising potential.

Item Type: Conference Proceedings
Additional Information: IEEE International Conference on Management of Innovation and Technology (ICMIT), Singapore, SINGAPORE, SEP 23-25, 2014
Department/Centre: Division of Interdisciplinary Research > Management Studies
Depositing User: Id for Latest eprints
Date Deposited: 23 Mar 2015 10:14
Last Modified: 10 Dec 2015 05:24
URI: http://eprints.iisc.ac.in/id/eprint/51101

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