Classification and Analysis of Criteria Used in the Due Diligence Process
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Research GroupDepartamento de economía financiera y contabilidad
SponsorsFundación Séneca (Project 15403/PHCS/10) and by Ministerio de Ciencia e Innovación (Project ECO2011-29080)
PublisherInternational Journal of Business and Management
Bibliographic CitationRamón-Llorens, M. C., & Hernández-Cánovas, G. (2012). Classification and Analysis of Criteria Used in the Due Diligence Process. Canadian Center of Science and Education.
KeywordsToma de decisiones
This paper uses a survey dataset of 51 Venture Capital Companies to address a segmentation of the venture capital industry. Our paper yields two specific contributions. First, we analyze in a Continental European bank-based system the most important investment criteria identified by previous empirical literature. Second, we show that existing differences in the use of the investment criteria depend on the existence of asymmetric information problems associated to specific characteristics of the venture capital companies. Knowing what investment criteria are the most important for venture capitalists might help both entrepreneurs to elaborate better proposals, and venture capitalists to improve their decision process and achieve better survival rates.
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