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Mapping the venture capital and private equity research: a bibliometric review and future research agenda

Author

Listed:
  • Douglas Cumming

    (Florida Atlantic University
    Universty of Birmingham)

  • Satish Kumar

    (Malaviya National Institute of Technology
    Swinburne University of Technology)

  • Weng Marc Lim

    (Swinburne University of Technology
    Swinburne University of Technology)

  • Nitesh Pandey

    (Malaviya National Institute of Technology)

Abstract

The fields of venture capital and private equity are rooted in financing research on capital budgeting and initial public offering (IPO). Both fields have grown considerably in recent times with a heterogenous set of themes being explored. This review presents an analysis of research in both fields. Using a large corpus from the Web of Science, this study used bibliometric analysis to present a comprehensive encapsulation of the fields’ geographical focus, methodological choices, prominent themes, and future research directions. Noteworthily, the foundational themes in venture capital research are venture capital adoption and financing processes, venture capital roles in business, venture capital governance, venture capital syndication, and venture capital and creation of public organizations. In private equity research, style drift into venture capital emerges as a key theme alongside buyouts and privatization, and valuation and performance of private equity investment.

Suggested Citation

  • Douglas Cumming & Satish Kumar & Weng Marc Lim & Nitesh Pandey, 2023. "Mapping the venture capital and private equity research: a bibliometric review and future research agenda," Small Business Economics, Springer, vol. 61(1), pages 173-221, June.
    • Handle: RePEc:kap:sbusec:v:61:y:2023:i:1:d:10.1007_s11187-022-00684-9
    DOI: 10.1007/s11187-022-00684-9
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    More about this item

    Keywords

    Bibliometric analysis; Venture capital; Private equity;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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