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Private Equity and Venture Capital

Private Equity and Venture Capital is a research topic within Accounting. Science Explorer counts 24k research works in it since 1950. 10.6% of them reached the world's top 10% most cited for their field and year.

This cluster of papers focuses on the role of venture capital in financing start-up firms, assessing its contribution to innovation, the impact of private equity, financial contracting theories, syndication networks, and the relationship between venture capitalists and entrepreneurs. It also explores topics such as corporate governance, angel investment, and the growth of high-tech companies.

  • Venture Capital
  • Start-Up Firms
  • Investment
  • Private Equity
  • Entrepreneurship
  • Financial Contracts
  • Innovation
  • Syndication Networks
  • Corporate Governance
  • Angel Investment
Research works
24k
fractional, since 1950
In the world top 10%
2.6k
per year above
Top-10% rate
10.6%
share of its works in the world top 10%
Growth, 2018-21 → 2022-25
+26%
the tick is no change
Largest producer
United States
31% of the 10 largest, 2022-now
Private Equity and Venture Capital

Which countries lead Private Equity and Venture Capital research?

By volume, the United States and China publish the most (1.2k and 932 works in 2022-now).

By volume, 2022-now

  1. 1 United States 1.2k works
  2. 2 China 932 works
  3. 3 United Kingdom 362 works
  4. 4 India 338 works
  5. 5 Germany 256 works
  6. 6 France 221 works
  7. 7 Italy 210 works
  8. 8 Indonesia 142 works
  9. 9 Canada 124 works
  10. 10 Australia 124 works

How concentrated that is

The same countries as shares of everything the list above accounts for. A node where two countries do two thirds of the work and one spread evenly across twelve read alike as a ranking and not at all alike here.

United States: 31.3%China: 23.6%United Kingdom: 9.2%India: 8.6%6 others listed: 27.3%31%largest
United States1,234 · 31.3%China932 · 23.6%United Kingdom362 · 9.2%India338 · 8.6%6 others listed1,077 · 27.3%

Shares of the rows listed above, not of the whole node.

Which institutions lead Private Equity and Venture Capital research?

By volume in 2022-now, Florida Atlantic University publishes the most Private Equity and Venture Capital research, followed by Stevens Institute of Technology and Centre National de la Recherche Scientifique.

By volume, 2022-now

  1. 1 Florida Atlantic UniversityUnited States 83 works
  2. 2 Stevens Institute of TechnologyUnited States 76 works
  3. 3 Centre National de la Recherche ScientifiqueFrance 26 works
  4. 4 Bocconi UniversityItaly 21 works
  5. 5 Politecnico di MilanoItaly 20 works
  6. 6 Copenhagen Business SchoolDenmark 18 works
  7. 7 Technical University of MunichGermany 18 works
  8. 8 University of OxfordUnited Kingdom 16 works
  9. 9 Renmin University of ChinaChina 16 works
  10. 10 Southwestern University of Finance and EconomicsChina 16 works

Who are the leading researchers in Private Equity and Venture Capital?

The most-cited researchers publishing on Private Equity and Venture Capital include Andrei Shleifer, Michael C. Jensen and Harry Eugene Stanley.

  1. 1 Andrei Shleifer United States 234k citations
  2. 2 Michael C. Jensen United States 203k citations
  3. 3 Harry Eugene Stanley United States 198k citations
  4. 4 David F. Larcker United States 197k citations
  5. 5 Kathleen M. Eisenhardt United States 169k citations
  6. 6 Joseph E. Stiglitz United States 167k citations

Ranked by citations received across their whole record, among researchers with at least three works on this topic.

What are the most cited papers in Private Equity and Venture Capital?

The most cited paper in Private Equity and Venture Capital is "The separation of ownership and control in East Asian Corporations" (Stijn Claessens, Simeon Djankov, Larry H.P. Lang, 2000), with 5,316 citations. Next come "Prior Knowledge and the Discovery of Entrepreneurial Opportunities" (4,622) and "Investor Protection and Corporate Valuation" (4,194).

Most cited papers
#PaperReleasedCitations
1 The separation of ownership and control in East Asian Corporations Stijn Claessens, Simeon Djankov, Larry H.P. Lang · Journal of Financial Economics 2000 5,316
2 Prior Knowledge and the Discovery of Entrepreneurial Opportunities Scott A. Shane · Organization Science Aug 2000 4,622
3 Investor Protection and Corporate Valuation Rafael La Porta, Florencio López‐de‐Silanes, Andrei Shleifer et al. · The Journal of Finance Open access Jun 2002 4,194
4 The dynamics of crowdfunding: An exploratory study Ethan Mollick · Journal of Business Venturing Open access 13 Aug 2013 4,175
5 Creating Something from Nothing: Resource Construction through Entrepreneurial Bricolage Ted Baker, Reed E. Nelson · Administrative Science Quarterly Sep 2005 4,055
All 100 most cited papers, with filters and sorting

Where is Private Equity and Venture Capital research done?

The largest centres of Private Equity and Venture Capital research in 2022-now are Beijing (China), London (United Kingdom), Shanghai (China) and Boca Raton (United States). Among places with at least 20 works in it, it is an unusually large share of all research in Hoboken and Boca Raton.

Largest cities, 2022-now

  1. 1 BeijingChina 169 works
  2. 2 LondonUnited Kingdom 114 works
  3. 3 ShanghaiChina 89 works
  4. 4 Boca RatonUnited States 83 works
  5. 5 HobokenUnited States 76 works
  6. 6 MilanItaly 68 works
  7. 7 New YorkUnited States 63 works
  8. 8 GuangzhouChina 49 works
  9. 9 ParisFrance 47 works
  10. 10 WuhanChina 44 works

Where it is the local speciality

  1. HobokenUS · 76.2 works105×
  2. Boca RatonUS · 82.9 works77×
← less than its size predicts1×more →

Location quotient: how much more of its research is in Private Equity and Venture Capital than the world average.

See Private Equity and Venture Capital on the map

Where is the best place to study Private Equity and Venture Capital?

Among universities, judged by research, Stevens Institute of Technology, Politecnico di Milano and Heinrich Heine University Düsseldorf score highest, combining excellence, specialisation, size, growth and international reach. Research strength is one signal when choosing where to study; it does not measure teaching.

0%20%40%mean 19.97%fractional works in this field (log) →share of work in the world top 10% →Heinrich Heine Unive…Politecnico di MilanoStevens Institute of…Florida Atlantic Uni…
above the meannear itbelow it

One dot per university in the first ten of the table below, at the default weights. The upper left is the interesting corner: small places doing unusually strong work.

Excellenceshare of its work in the world top 10%, 2022-now and all time averaged
40%
Specialisationhow much of its work is in this field, counted up to 10× the world share
10%
Sizeits output in this field, on a log scale
30%
Growthoutput growth, counted from -20% to +20%
10%
Internationalshare of its work with a co-author abroad
10%
Each slider sets a weight; the share it gets of the score is beside it.
#UniversityScoreTop 10%SpecialisationWorksGrowth
1Stevens Institute of TechnologyUnited States 67.813.0%127.9×76 +2400.8%
2Politecnico di MilanoItaly 66.722.0%5.8×20 +20.8%
3Heinrich Heine University DüsseldorfGermany 61.138.3%5.8×10 +110.1%
4Florida Atlantic UniversityUnited States 60.05.8%91.0×83 +561.4%
5Bocconi UniversityItaly 54.210.3%50.1×21 +88.8%
6Indiana UniversityUnited States 50.736.3%2.3×11 -25.3%
7Technical University of MunichGermany 50.612.2%4.2×18 +35.2%
8National University of SingaporeSingapore 49.823.4%2.3×13 -2.2%
9Imperial College LondonUnited Kingdom 49.317.5%1.8×9 +42.9%
10University of International Business and EconomicsChina 49.120.9%25.3×12 +180.4%

Universities only. The score blends excellence (40%), size (30%), specialisation (10%), growth (10%), international reach (10%), 2022-now; growth compares 2018-21 with 2022-25 and counts up to +20%, since a jump from a small base is mostly noise.

Every institution in Private Equity and Venture Capital, country by country

Is Private Equity and Venture Capital research growing?

Output in 2022-2025 was 26% higher than in 2018-2021, peaking in 2025. The fastest-growing topics are Private Equity and Venture Capital.

still counting19801990200020102020
grewheldshrank

The same series as a ribbon: one cell per year, darker for more. The line above answers how much; this answers when.

Its share of all research

Growing output can still be a shrinking share: all of science grows. This is Private Equity and Venture Capital as a percentage of every work published that year, 0.026% in 2024.

still counting0.020%0.040%Private Equity and Venture Capital0.026% in 202519801990200020102020

Fractional works of Private Equity and Venture Capital over all fractional works that year. How the balance of science has shifted.

How much of it reaches the world top 10%

Year by year.

still counting5%10%15%Private Equity and Venture Capital10.8% in 2025200020102020

Of each year's works in it, the share that reached the world's 10% most cited for their field and year. A field is the world for its own topics, so there is no other line to hold it against.

Which topics inside it are moving

Growth and decline on one axis around a shared zero. Two lists side by side hide the thing that matters: whether the growth dwarfs the decline, or the other way round.

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