Entrepreneurial Orientation in Management Buy-Outs and the Contribution of Venture Capital

28 Pages Posted: 17 Feb 2003

See all articles by Hans Bruining

Hans Bruining

Erasmus University Rotterdam (EUR) - Department of Strategic Management and Entrepreneurship; Erasmus Research Institute of Management (ERIM)

Mike Wright

Nottingham University Business School

Date Written: September 2002 9,

Abstract

This paper focuses on the development of entrepreneurial orientation (EO)after a management buy-out (MBO) and on the role played by venture capitalfirms in enhancing EO. It presents results of two exploratory case studiesof divisional buy-outs with regard to their EO and the areas where theventure capital firm (VC) has been of greatest help. We discuss theircontribution to elements of the EO of the buy-out firm. The key output isexpected to be a better understanding of the functioning and operations ofthe VC with regard to their contribution to the EO of the firm after an MBO.This will also benefit the management team that seeks venture capitalsupport to improve the firm?s economic performance by using its upsidepotential.

Keywords: venture capital, governance, entrepreneurial orientation, management buy-outs

JEL Classification: M, M10, G31

Suggested Citation

Bruining, Hans and Wright, Mike, Entrepreneurial Orientation in Management Buy-Outs and the Contribution of Venture Capital (September 2002 9,). Available at SSRN: https://ssrn.com/abstract=371018

Hans Bruining (Contact Author)

Erasmus University Rotterdam (EUR) - Department of Strategic Management and Entrepreneurship ( email )

RSM Erasmus University
Rotterdam, 3000 DR
Netherlands

Erasmus Research Institute of Management (ERIM)

P.O. Box 1738
3000 DR Rotterdam
Netherlands

Mike Wright

Nottingham University Business School ( email )

Jubilee Campus
Wollaton Road
Nottingham, NG8 1BB
United Kingdom
+44 115 951 5257 (Phone)
+44 115 951 5204 (Fax)

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