000			01599nab a22001217a 4500
008			160615b1993 xxu||||| |||| 00| 0 eng d
100			_aRosman, Andrew J
245			_aComparing the information acquisition strategies of venture commercial lenders _ca computer-based experiment / Rosman, Andrew J.
260			_c1993
300			_a443 - 460
520			_aOwners and financial planners in new ventures prefer using internal sources of capital as much as possible because they are uncertain about how to obtain external financing and how the involvement of others will impact their ventures. Because undercapitalization and financial problems are at the center of nearly all business failures, it would appear useful for owners and financial planners to reduce the uncertainty surrounding external financing. Obtaining information about one source of this uncertainty, a lack of understanding of the decision processes followed by venture capitalists, is the focus of research in this paper and a growing body of literature. To further this line of study, we investigate the differences in decision behavior of venture capitalists, using bankers as a benchmark for comparison in cases in which debt and debt-related financing are sought. To the extent that venture capitalists have unique decision processes, owners and financial planners might improve their ability to obtain financing through knowledge of the unique features of venture capitalists' decision processes. In addition, venture capitalists might improve their decision effectiveness if...
773			_aJournal of Business Venturing _dSep
999			_c43885 _d43885