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2022 | OriginalPaper | Buchkapitel

Can You Always Reap What You Sow? Network and Functional Data Analysis of Venture Capital Investments in Health-Tech Companies

verfasst von : Christian Esposito, Marco Gortan, Lorenzo Testa, Francesca Chiaromonte, Giorgio Fagiolo, Andrea Mina, Giulio Rossetti

Erschienen in: Complex Networks & Their Applications X

Verlag: Springer International Publishing

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Abstract

“Success” of firms in venture capital markets is hard to define, and its determinants are still poorly understood. We build a bipartite network of investors and firms in the healthcare sector, describing its structure and its communities. Then, we characterize “success” by introducing progressively more refined definitions, and we find a positive association between such definitions and the centrality of a company. In particular, we are able to cluster funding trajectories of firms into two groups capturing different “success” regimes and to link the probability of belonging to one or the other to their network features (in particular their centrality and the one of their investors). We further investigate this positive association by introducing scalar as well as functional “success” outcomes, confirming our findings and their robustness.

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Titel: Can You Always Reap What You Sow? Network and Functional Data Analysis of Venture Capital Investments in Health-Tech Companies
verfasst von: Christian Esposito
Marco Gortan
Lorenzo Testa
Francesca Chiaromonte
Giorgio Fagiolo
Andrea Mina
Giulio Rossetti
Verlag: Springer International Publishing
Buch: Complex Networks & Their Applications X
Print ISBN: 978-3-030-93408-8

Electronic ISBN: 978-3-030-93409-5

Copyright-Jahr: 2022
DOI: https://doi.org/10.1007/978-3-030-93409-5_61

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