With apologies for cross-posting
CALL FOR PAPERS
VENTURE CAPITAL: AN INTERNATIONAL JOURNAL OF ENTRPRENEURIAL FINANCE
SPECIAL ISSUE:
ENTREPRENEURIAL FINANCE AND THE EVOLUTION OF NEW TECHNOLOGIES, INDUSTRIES AND MARKETS
SI EDITOR -- Richard T Harrison (University of Edinburgh, UK)
Entrepreneurial finance, notably venture capital and business angel finance, has long been associated with the emergence, development and growth of new technologies, industries and markets. As such it has always been seen as a key element in national and regional systems of innovation and entrepreneurial ecosystems. Indeed, the emergence and growth of venture capital in particular in funding new ideas outside the constraints of existing corporations represents a historical process of co-evolution in which the emergence and growth of venture capital and the emergence and exploitation of new technology-based opportunities are mutually interdependent. However, the process by which this interdependence has developed, and its consequences in terms of technology, market and industry evolution, has not been the focus of systematic academic research. Interest in this topic has recently been rekindled by the emergence of cleantech and other environmental/green technologies as 'hot' investment spaces and by the possible emergence of a second internet bubble, reinforced by a buoyant IPO market.
In this Special Issue we are looking to publish papers that critically explore the role of entrepreneurial finance in the emergence of technologies, industries and markets from a range of theoretical, methodological and disciplinary perspectives. Topics of interest include but are not restricted to the following:
* The process of the coevolution of entrepreneurial finance and new start-up activity in historical and geographical perspective
* The role of entrepreneurial finance in innovation and entrepreneurial ecosystems and in regional and national systems of innovation
* Business angel and venture capital and the emergence of technology and industrial clusters - necessary and/or sufficient or consequence?
* The dynamics and specificities of the high technology context (the technology evolution process and the existence, or otherwise, of institutional and market failure)
* Evolutionary and systemic perspectives on this relationship, including the emergence of path dependent relationships across time and space
* The role of variation, selection and pattern reproduction in the coevolution of technology and entrepreneurial finance
* The role of science, innovation and technology policy in developing a pipeline of new opportunities
* The dynamic interrelationships between actors in the entrepreneurial finance market (eg VCs and business angels)
* The role of government and quasi-government intervention in the entrepreneurial finance market (fund provision, coinvestment, indirect support eg tax incentives)
* The links between entrepreneurial finance, new technology start-up activity and global capital markets - what has changed post the global financial crisis?
* Alternative perspectives on the role of entrepreneurial finance and start-ups in technological innovation (eg Schumpeter/Arrow on internal financing vs the information economics of contracting out the exploitation of R&D)
* The role of information asymmetries, agency problems, conflicts of interest, intangible assets, risk and uncertainty on the financing of new technology
* Investor learning processes - heuristics, learning from experience and the development of rule-based experience
* Variations in the entrepreneurial finance/new technology emergence relationship and outcomes across different national, institutional, market domains
* The role of VCs as the locus of a network of agents necessary to effectively exploit new technologies, including financial institutions, entrepreneurs, professional business services and the professional labour market
* The nature and contribution of the entrepreneurial finance investment process - opportunity scanning, due diligence, post-experience value adding
* The role of VC investor human and social capital in the emergence of new technologies, industries and markets
The deadline for the submission of papers is 30 December 2014. The Special Issue is scheduled for publication in early 2016. Intending authors are encouraged to discuss their paper ideas with the Editors at an early stage. Papers for the Special Issue should be prepared and formatted according to the Journal's Instructions to Contributors [http://www.tandfonline.com/action/authorSubmission?journalCode=tvec20&page=instructions#.UxWpXHdU1Bk] and should be sent as a Word file to:
Professor Richard T Harrison
Chair of Entrepreneurship and Innovation
University of Edinburgh Business School
29 Buccleuch Place
Edinburgh EH8 9JS
Scotland, UK
T: +44(0)131 651 5549
E:
R.Harrison@ed.ac.uk
Co-Editor, Venture Capital: An International Journal of Entrepreneurial Finance (Routledge)
Professor Richard T Harrison
Chair of Entrepreneurship and Innovation
University of Edinburgh Business School
29 Buccleuch Place
Edinburgh EH8 9JS
Scotland, UK
T: +44(0)131 651 5549
E:
R.Harrison@ed.ac.uk
Co-Editor, Venture Capital: An International Journal of Entrepreneurial Finance (Routledge)
--
The University of Edinburgh is a charitable body, registered in
Scotland, with registration number SC005336.
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Ventures HO!