In this thesis we examine the organisation of the UK venture capital industry. We draw on literature from finance, innovation and economic geography in order to build a model to understand the relationship between the distribution of investment and regional resources. Using network theory we then extend this model in order to understand the structure of ties between actors in the venture capital investment process. Thus, we analyse the relationship between regional venture capital activity in the UK and a range of relevant regional resources. The thesis argues that patterns of investment activity in the UK are well established, with well defined regional concentrations, resulting from the geographically-embedded nature of venture capital. However, at a sector level, regional relationships between local resources and investment vary. We find that investment in biotechnology is less regionally embedded and strongly influenced by changes in local resources, such as R&D.
| Identifer | oai:union.ndltd.org:bl.uk/oai:ethos.bl.uk:499457 |
| Date | January 2009 |
| Creators | Parris, Stuart James |
| Publisher | Open University |
| Source Sets | Ethos UK |
| Detected Language | English |
| Type | Electronic Thesis or Dissertation |
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