Determinants of the Venture Capital Market on the Late Funding Stages

Student: Luchinovich Dmitrii

Supervisor: Ivan I. Rodionov

Educational Programme: Corporate Finance (Master)

Year of Graduation: 2019

In the current market condition impossible to imagine formation of new technology market leaders without help of late venture capital. The actual topic is the search for indicators that can contribute the development of late venture capital market. This article reviews previous studies on topic of searching and analyzing determinants of venture capital market in different periods of time and different countries. Finale results include 80 time periods (Q1 1997 – Q2 1999 and Q1 2001 – Q2 2018) of US market data, excluding dot-com crisis time period. Results show that few indicators are significant and can influence late stage venture capital market.

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses