TY - JOUR 
A1 - Ramón Llorens, María del Camino
AU - Hernández Cánovas, Ginés
T1 - Classification and Analysis of Criteria Used in the Due Diligence Process
Y1 - 2012
UR - http://hdl.handle.net/10317/5134
AB - 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.
KW - Toma de decisiones
KW - Decision making
KW - Econometría
KW - Econometrics
LA - eng
PB - International Journal of Business and Management
ER -