Investigating the relative financial performance of Venture Capital Firms with objective modified TOPSIS approach

Inhaltsverzeichnis (Table of Contents)

• Introduction
• Literature Review
  • Measuring the financial performance of VCFs
  • MCDM methodologies and their application on the Venture Capital System
• Methodology
• Application
• Results and Discussion
• Conclusion

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This thesis investigates the relative financial performance of Venture Capital Firms (VCFs) by utilizing a modified TOPSIS approach with objective weights (mTOPSISow). The study aims to provide a simple, effective, and objective measurement tool for evaluating the corporate financial performance of VCFs, allowing them to identify areas of improvement.

• Financial Performance Measurement of Venture Capital Firms
• Multi-Criteria Decision Making (MCDM) Techniques
• Modified TOPSIS with Objective Weights (mTOPSISow)
• Financial Performance Indicators (FPIs)
• Relative Financial Performance Comparison of VCFs

Zusammenfassung der Kapitel (Chapter Summaries)

The introductory chapter provides an overview of the significance of innovation and entrepreneurship in economic growth and the role of Venture Capital Firms (VCFs) in technology commercialization. The chapter highlights the challenges in measuring the financial performance of VCFs and outlines the gap in the existing literature that this study addresses.

The literature review chapter discusses established methods for evaluating VCF performance, including traditional financial performance indicators (FPIs). It introduces Multi-Criteria Decision Making (MCDM) techniques and their application in the Venture Capital system, focusing on the TOPSIS methodology and its modified version with objective weights (mTOPSISow).

The methodology chapter presents the mTOPSISow technique, which employs objective weights to assess the relative performance of VCFs. It also discusses the selection of specific Financial Performance Indicators (FPIs) considered relevant for VCF evaluation.

Schlüsselwörter (Keywords)

This research focuses on the relative financial performance of Venture Capital Firms (VCFs), utilizing the modified TOPSIS approach with objective weights (mTOPSISow). The study utilizes Financial Performance Indicators (FPIs) and incorporates Multi-Criteria Decision Making (MCDM) techniques, specifically exploring the application of TOPSIS in a multi-criteria context. The research investigates the statistical dependence between different criteria to assess the influence of FPIs on the overall VCF performance.