Venture Capital Investment: An Agency Analysis of Practice. Gavin C. Reid. London, Routledge, 1998. ISBN 0415179696.

Venture Capital Investment: An Agency Analysis of Practice. Gavin C. Reid. London, Routledge,... Book Reviews 77 tionnaires sent to 1,025 companies in the is missing from the bar-chart, and in line 2 on Hannover area in 1994 and 1996. Unlike in some p. 248 a significant regression coefficient is pro- U.S. studies Wagner does not find that the age of claimed to be “insignificant”), but by-and-large a firm is positively related to its survival chances. this is a handsome and valuable volume that He reaches the somewhat tautological conclusion readers of this Journal are well-advised to that some firms are “more fit” than others, and purchase. these tend to have higher survival rates. José Mata and Pedro Portugal are also inter- DENNIS C. MUELLER ested in identifying the causes of firm survival University of Vienna rates. Using Portugese data for manufacturing Vienna companies they reestablish the positive link Austria between firm size at startup and survival proba- bilities, and identify important interactions between industry characteristics, firm size and survival probabilities. Venture Capital Investment: An Agency Analysis The firm size-survival rate issue is examined of Practice. Gavin C. Reid. London: Routledge, once again by David Audretsch, Enrico Santarelli 1998. ISBN 0415179696. and Marco Vivarelli using data for 1,570 Italian manufacturing companies that were Small Business Economics Springer Journals

Venture Capital Investment: An Agency Analysis of Practice. Gavin C. Reid. London, Routledge, 1998. ISBN 0415179696.

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Kluwer Academic Publishers
Copyright © 2000 by Kluwer Academic Publishers
Business and Management; Management; Microeconomics; Entrepreneurship; Industrial Organization
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