The relationship between governance structure and risk management approaches in Japanese venture capital firms

• Main Authors: YOSHIKAWA, Toru, PHAN, Phillip H., Linton, Jonathan
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2004
• Subjects: Risk management approach; Venture capital; Portfolio diversification; Asian Studies; Business Law, Public Responsibility, and Ethics; Entrepreneurial and Small Business Operations; Strategic Management Policy
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/2362; https://ink.library.smu.edu.sg/context/lkcsb_research/article/3361/viewcontent/RelGovernanceStructureRiskMgtJapaneseVC_2004.pdf
• Institution: Singapore Management University

This paper attempts to understand what drives Japanese venture capital (JVC) fund managers to select either active managerial monitoring or portfolio diversification to manage their firms' investment risks [J. Bus. Venturing 4 (1989) 231]. Unlike U.S. venture capitalists that use active manager...