Assessment of the Effectiveness of Venture Capital Financing

Student: Oshkin Sergey

Supervisor:

Educational Programme: Economics (Bachelor)

Year of Graduation: 2021

Venture capital investments are one of the main ways of financing young companies involved in innovative projects. As the number of innovative products grows every year, the volume of the global venture capital market is also increasing. However, this type of financing carries a high level of risk. The purpose of the study is to assess the effectiveness of venture capital financing using the developed integrated approach, which consists of two stages. Within the framework of the approach, modifications of project performance indicators used for venture capital companies and the CAPM model were proposed. This approach was used to assess the effectiveness of venture capital financing using the example of two innovative companies.

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