This paper reviews and synthesizes the extant literature on venture capital syndication. By
considering the questions of how, why and when syndication affects the performance of …

Using a unique methodological approach, this paper examines the factors related to venture
capital firms'(VCFs') involvement in syndication. It is argued that VCFs' investment strategies …

This paper examines competing finance, resource-based and deal flow explanations for the
syndication of venture capital investments. Evidence from 60 firms (a 58.8% response rate) …

Using a sample of 1485 funded firms in Germany, we analyse the driving forces of Venture
Capitalist (VC) syndication and try to disentangle the circumstances under which VCs …

Financial theory, resource-based theory and access to deal flow are used to explain
syndication practices among European venture capital (VC) firms. The desire to share risk …

Financial theory, access to deal flow, selection, and monitoring skills are used to explain
syndication in venture capital firms in six European countries. In contrast with US findings …

This paper provides evidence that venture capital (VC) syndication creates value for
entrepreneurial firms in two dimensions. First, VC syndication creates product market value …

Syndication arises when venture capitalists jointly invest in projects. We model and test two
possible reasons for syndication: project selection, as an additional venture capitalist …

Using a sample of 2,373 unique capital contributions from 437 venture capitalists (VCs) over
subsequent rounds into 961 start-ups during the period 1995–2005 in Germany we …

Using a knowledge-based perspective, we examine determinants of outcomes of venture
capital investments. We focus on the effects on investment performance of venture capital …