Chen, Chih-Nan; Huang, Tai-Hsin; Lin, Chien-Hsiu - In: Review of Pacific Basin Financial Markets and Policies … 16 (2013) 02, pp. 1350014-1
This paper attempts to characterize the production technology of venture capital (VC) firms in Taiwan, whilst taking into account the simultaneity problem that arises from the correlation between inputs and unobserved productivity. The estimates of scale economies from OLS are found to be much...