TY  - JOUR
T1  - Investment Potential in Innovative Enterprises by A Venture Capital Fund from Brazil
AU - Gregory, Rodrigo Pereira AU - Vasconcelos, Alexandre Meira De AU - Filho, Nelson Casarotto AU - Lezana, Alvaro Guillermo Rojas AU - Andrade, Dalton Francisco de 
JO  - International Business Management
VL  - 9
IS  - 6
SP  - 1447
EP  - 1454
PY  - 2015
DA  - 2001/08/19
SN  - 1993-5250
DO  - ibm.2015.1447.1454
UR  - https://makhillpublications.co/view-article.php?doi=ibm.2015.1447.1454
KW  - Venture capital
KW  -item response theory
KW  -venture capital fund
KW  -investment potential
KW  -scale
AB  - The study aims at analyze the investment potential in emerging innovative companies by a Venture Capital fund from Brazil. The data was the grades obtained by 1,064 companies throughout the five geographic regions from Brazil, contained in the database of the fund and distributed in eightregional offices and analyzed by the investment fund in the period of 2007-2009. The seven items of the instrument used by the fund was analyzed by the item response theory and the results show that only five of them can measure the latent trait which in this study is the potential of investment of the applicant company. The Graded Response Model was used for calibration of the items and the construction of the scale of investment potential. Factor analysis of complete information confirmed the unidimensionality of the test. The items were analyzed and arranged in a scale with six levels. With this scale, the investment fund can decide whether or not a proposal should be deepened and improve the level of efficiency of the results of the evaluators.
ER  -