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"This paper examines the impact of government-sponsored venture capitalists (GVCs) on the success of enterprises. Using international enterprise-level data, we identify a surprising non-monotonicity in the effect of GVC on the likelihood of exit via initial public offerings (IPOs) or third party...
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revise the exit forecasts of their investments; and how co-investment partners and value-adding commitment with their … investment influence the main effect. We explore these questions with novel and unique data collected via mixed research methods … making initial forecasts are less effective in revising their forecasts. In addition, while the number of co-investment …
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basis points, research and development (R&D) spending declines by about 1 to 3 percent and venture capital (VC) investment …
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analysis further identifies sources of financing in these subsectors and discusses future investment and financing challenges …
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our model, we find that the relation between debt enforcement and firms' investment and risk depends on the firm …-specific probability of default. A difference-in-differences analysis of firms' investment and risk taking in response to bankruptcy …
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