Emerging Social-economic Institutions in the Venture Capital Industry

An Appraisal

Bibliographic Data

ID2804114
AuthorsSteven J Waddell (Boston College, corresponding author)
Year1995
Volume54
Issue3
Pages323-338
Publication date1995-07-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueAmerican Journal of Economics and Sociology (JOURNAL)
Journal identifiersISSN: 0002-9246 • E-ISSN: 1536-7150
PublisherWiley (PUBLISHER • GB)
DOI10.1111/j.1536-7150.1995.tb03435.x
OpenAlexW1567464655
LanguageEN
Citations received2
References cited4

Nine venture capital organizations which are taking equity positions with socially guided as well as financial goals are investigated. The organizations are presented as new entrants to ihe financial industry, and are placed in the context of community development financial institutions and social investment funds. Four emerging models are identified; socially guided venture capital networks, socially guided private funds, Specialized Small Business Development Corporations and equity Community Development Corporations. Forty nine deals of six of the organizations are analyzed for financial and social outcomes. The paper concludes that the private venture funds have the most promising future, and predicts the emergence of publicly offered venture capital funds that incorporate social goals

Business · Context (archaeology) · Economic growth · Economics · Emerging markets · Equity (law) · Financial capital · Fund of funds · Human capital · Impact investing · Investment (military) · Private equity · Private equity firm · Private equity fund · Social capital · Social venture capital · Venture capital · Community Development and Social Impact · Entrepreneurship Studies and Influences · Finance · Private Equity and Venture Capital

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