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

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

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...