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This paper studies how investing in venture capital (VC) affects the entrepreneurial outcomes of individual limited partners (LPs). Using comprehensive administrative data on entrepreneurial activities and VC fundraising and investments in China, we first document that individual LPs, on...
Persistent link: https://www.econbiz.de/10014437028
This paper examines how government funding programs geared towards early-stage companies interact with private capital markets. Using hand-collected data on 755 government programs worldwide, we find that governments' allocations to such funding programs have been comparable to global venture...
Persistent link: https://www.econbiz.de/10012510623
Global innovation and entrepreneurship has traditionally been dominated by a handful of high-income countries … the dramatic growth of high-potential entrepreneurship and venture capital in China. First, using comprehensive data on … global venture activities, we show that as the Chinese venture industry rose in importance, entrepreneurship increased …
Persistent link: https://www.econbiz.de/10014512047