Authors : Rodrigo Pereira Gregory, Alexandre Meira De Vasconcelos, Nelson Casarotto Filho, Alvaro Guillermo Rojas Lezana and Dalton Francisco de Andrade
Abstract: 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.
Rodrigo Pereira Gregory, Alexandre Meira De Vasconcelos, Nelson Casarotto Filho, Alvaro Guillermo Rojas Lezana and Dalton Francisco de Andrade, 2015. Investment Potential in Innovative Enterprises by A Venture Capital Fund from Brazil. International Business Management, 9: 1447-1454.