Handbook of Research on Venture Capital: Volume 2

Handbook of Research on Venture Capital: Volume 2

A Globalizing Industry

Handbooks in Venture Capital series

Edited by Hans Landström and Colin Mason

This Handbook charts the development of venture capital research in light of the global financial crisis, starting with an analysis of the current venture capital market and the changing nature of the business angel market. Looking at governance structures; the performance of venture capitalists in terms of investments, economic impact and human capital; geographical organization of business angels and venture capital global ‘hotspots’; this book also analyses the current state of venture capital research and offers a roadmap for the future.

Chapter 1: Introduction

Colin Mason and Hans Landström

Subjects: business and management, entrepreneurship, economics and finance, corporate governance, economics of innovation, financial economics and regulation, innovation and technology, economics of innovation


The volume of research output on venture capital (VC) has expanded enormously since 2000, easily justifying a second Handbook on the topic. For example, the average annual number of papers with venture capital in the title in the five leading entrepreneurship/ small business journals has increased by 50 per cent in the period 2000–11 compared with 1990–99. There were 25 papers on venture capital topics in the most recent (2010) Frontiers of Entrepreneurship Research compared with between 10 and 15 per annum in the second half of the 1990s (Mason and Harrison, 1999). And at 11 per cent of the total, the share of papers presented on venture capital topics has remained similar to that of the late 1990s in the context of a much expanded conference refl ecting the significantly broader focus of entrepreneurship compared with the 1990s. Meanwhile, a search of Harzing’s Publish or Perish found that the annual number of papers cited with venture capital in the title in Business, Administration, Finance and Economics averaged 97.3 between 1990 and 1995, rose to 203.3 between 1996 and 1999, and then more than doubled to an average of 470.7 per annum between 2000 and 2010. The significant period of growth occurred between 1997, when there were 138 cited papers, and 2000, when there were 420.