Match!
Annalisa Croce
Polytechnic University of Milan
FinanceSocial venture capitalBusinessEconomicsVenture capital
53Publications
13H-index
565Citations
What is this?
Publications 52
Newest
#1Annalisa Croce (Polytechnic University of Milan)H-Index: 13
#2José Martí Pellón (Complutense University of Madrid)H-Index: 10
Last. Carmelo Reverte (University of Cartagena)H-Index: 10
view all 3 authors...
We analyze whether young entrepreneurial ventures backed by different types of venture capital firms, i.e., private (PVCs) vs. government-owned (GOVCs), experience higher employment growth than a matched control group of non-venture-backed companies and whether this effect is particularly relevant in a period of crisis. We base our analyses on a sample of 384 Spanish early-stage VC-backed companies financed during the period 2005–2013 (173 GOVC-backed and 211 PVC-backed) and a control group of 8...
1 CitationsSource
#1Annalisa Croce (Polytechnic University of Milan)H-Index: 13
#2Elisa Ughetto (Polytechnic University of Turin)H-Index: 13
Last. Marc Cowling (University of Derby)H-Index: 1
view all 3 authors...
Source
#1Annalisa Croce (Polytechnic University of Milan)H-Index: 13
#2Luca Grilli (Polytechnic University of Milan)H-Index: 22
Last. Samuele Murtinu (UG: University of Groningen)H-Index: 11
view all 3 authors...
Despite the evidence on the positive effect of venture capital (VC) on portfolio firm performance, such evidence badly pulls up alongside the non-negligible number of entrepreneurial firms that choose to refuse VC. This is the first study that investigates the determinants behind the missed realizations of VC investor-investee dyads by focusing on the Italian VC market. We theorize and empirically document that entrepreneurs’ human capital background and venture-specific characteristics influenc...
Source
#1Laura Abrardi (Polytechnic University of Turin)H-Index: 3
#2Annalisa Croce (Polytechnic University of Milan)H-Index: 13
Last. Elisa Ughetto (Collegio Carlo Alberto)H-Index: 13
view all 3 authors...
In this paper, we study the switching dynamics between independent VCs (IVCs) and governmental VCs (GVCs) by means of a theoretical model and an empirical analysis. By assuming that (i) VCs of higher reputation are more selective in terms of venture quality and (ii) IVCs are mainly motivated by the desire to maximize the economic return of a venture, while GVCs also care about the social repercussions, we have obtained two results. First, low economic return ventures are more likely to be adopte...
4 CitationsSource
#1Annalisa Croce (Polytechnic University of Milan)H-Index: 13
#2Elisa Ughetto (Polytechnic University of Turin)H-Index: 13
We examine how the perceived quality of a venture and the reputation of the incumbent Venture Capitalist (VC) are affecting the propensity to switch from an independent VC (IVC) to another IVC, to a governmental (GVC), a bank-affiliated (BVC) and a corporate (CVC). We find that high perceived quality ventures are more likely to switch from a IVC to another IVC, for whatever level of reputation of the incumbent. The quality of the venture matters in the switching to a BVC too, when the reputation...
1 CitationsSource
#1Francesca Tenca (Polytechnic University of Milan)H-Index: 2
#2Annalisa Croce (Polytechnic University of Milan)H-Index: 13
Last. Elisa Ughetto (Collegio Carlo Alberto)H-Index: 13
view all 3 authors...
Since the seminal works of Wetzel, research on business angels (BAs) has emerged as a new and promising research field. This review analyses the current knowledge on BAs, identifying the main contents and outcomes. We also provide a bibliometric analysis to illustrate the evolution of the research field, the level of dispersion of the scientific community, the main outlets for publication and the different methodological approaches adopted. Through the analysis of backward and forward citations,...
6 CitationsSource
In this paper, we investigate what drives the performance of high-tech start-ups receiving angel financing, while taking a closer look at the capabilities (i.e., experience) and investment behavior of business angels (BAs). We exploit a new data set (extracted from Crunchbase), which consists of 1,933 high-tech start-ups that received at least one financing round from a BA. The results indicate that the experience of BAs in early stage investments is positively associated with additional receipt...
13 CitationsSource
#1Annalisa Croce (Polytechnic University of Milan)H-Index: 13
#2José Martí Pellón (Complutense University of Madrid)H-Index: 10
Last. Sonia Martín-López (Complutense University of Madrid)
view all 3 authors...
The literature highlights the positive and negative effects of employee ownership on firm performance, which are heavily dependent on the type of employee-owned firm (EOF) analysed. This article focuses on EOFs created under policy-related schemes designed to incentivize job creation, especially in times of crisis. The authors analyse performance in a large sample of a special type of EOFs in Spain and compare the results with those of a matched sample of conventional capitalist firms. The resul...
Source
#1Annalisa Croce (Polytechnic University of Milan)H-Index: 13
#2Francesca Tenca (Polytechnic University of Milan)H-Index: 2
Last. Elisa Ughetto (Polytechnic University of Turin)H-Index: 13
view all 3 authors...
In this article, we study the decision-making criteria that business angels (BAs) adopt when screening business opportunities in the different assessment phases (pre-screening, screening and due diligence). We exploit an original dataset of 1942 ventures that sought angel investment from 2008 to 2014 from the members of Italian Angels for Growth (IAG). Results have shown that the emphasis that BAs place on rejection criteria and contact channels varies along the three considered stages of the in...
12 CitationsSource
1 Citations
123456