• Corpus ID: 239016093

Study of The Relationship Between Public and Private Venture Capitalists in France: A Qualitative Approach

@inproceedings{Labbe2021StudyOT,
  title={Study of The Relationship Between Public and Private Venture Capitalists in France: A Qualitative Approach},
  author={John R. Labbe},
  year={2021}
}

• John R. Labbe
• Published 18 October 2021
• Economics

This research focuses on the study of relationships between public and private equity investors in France. In this regard, we need to apprehend the formal or informal nature of interactions that can sometimes take place within traditional innovation networks (Djellal & Gallouj, 2018). For this, our article mobilizes a public-private partnerships approach (PPPs) and the resourcebased view theory. These perspectives emphasize the complementary role of disciplinary and incentive mechanisms as well as the exchange of specific resources as levers for value creation. Moreover, these orientations crossed with the perspective of a hybrid form of co-investment allow us to build a coherent and explanatory framework of the mixed syndication phenomenon. Our methodology is based on a qualitative approach with an interpretative aim, which includes twenty-seven semi-structured interviews. These data were subjected to a thematic content analysis using Nvivo software. The results suggest that the relationships between public and private Venture capitalists (VCs) of a formal or informal nature, more specifically in a syndication context, at a national or regional level, are representative of an "economicocognitive" (Farrugia, 2014, page 6) approach to networking and innovation. Moreover, the phenomenon of mixed syndication reveals a context of hybridization of public and private actors that would allow the private VCs to benefit from the distribution of wealth when the