Title:

Performance metrics in public venture capital funds

Group publication title:

Financial Sciences. Nauki o Finansach

Title in english:

Mierniki efektywności wykorzystywane w publicznych funduszach venture capital

Creator:

Bielicki, Marcin

Subject and Keywords:

venture capital funds ; effectiveness ; performance measurement ; fundusze venture capital ; efektywność ; pomiar efektywności

Description:

Financial Sciences. Nauki o Finansach, 2021, vol. 26, no. 2, s. 1-17

Abstrakt:

Public venture capital funds are a unique type of financial intermediary. They pursue the goals, often conflicting, of public and private investors, which makes measuring their effectiveness a complex research challenge. This study aims to analyse the performance measurement methods used in public venture capital funds in Poland. For this purpose, in-depth interviews and a survey among managers of these entities were conducted. The study results show that the most significant emphasis is placed on financial efficiency, while non-financial determinants are mostly ignored. Considering the short history and lack of experience of many managers of public venture capital funds, this may further delay the process of development of this market.

Publisher:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Place of publication:

Wrocław

Date:

2021

Resource Type:

artykuł

Resource Identifier:

doi:10.15611/fins.2021.2.01

Language:

eng

Relation:

Financial Sciences. Nauki o Finansach, 2021, vol. 26, no. 2

Rights:

Pewne prawa zastrzeżone na rzecz Autorów i Wydawcy

Access Rights:

Dla wszystkich zgodnie z licencją

License:

CC BY-SA 4.0

Location:

Uniwersytet Ekonomiczny we Wrocławiu