The Role of Venture Capital Investments for Innovation in Young Technology-Based Firms

This paper examines the role of venture capital on a firm's innovation activities by using a data set of German technology-based firms founded between 1996 and 2005. Innovation is proxied by patent counts and an index of innovativeness which reflects the degree to which a young firm has developed new technologies based on its own or external resources. The results show that VC financing has a positive impact on both patenting and innovativeness, even if we account for endogeneity of VC financing

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Year of publication:	2013
Authors:	Heger, Diana
Publisher:	[2013]: [S.l.] : SSRN
Subject:	Risikokapital \| Venture capital \| Innovation \| Unternehmensgründung \| Business start-up \| Hochtechnologie \| High technology

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Extent:	1 Online-Ressource (22 p)
Series:	ZEW - Centre for European Economic Research Discussion Paper ; No. 13-077
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 15, 2013 erstellt
Other identifiers:	10.2139/ssrn.2343123 [DOI]
Classification:	O31 - Innovation and Invention: Processes and Incentives ; G24 - Investment Banking; Venture Capital; Brokerage ; C31 - Cross-Sectional Models; Spatial Models ; C35 - Discrete Regression and Qualitative Choice Models ; L20 - Firm Objectives, Organization, and Behavior. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013074167