Croce, Annalisa; Martí, José; Murtinu, Samuele - In: Journal of Business Venturing 28 (2013) 4, pp. 489-510
We aim to ascertain to what extent the better performance of European venture capital (VC)‐backed firms in high-tech industries is due to either ‘screening’ or ‘value added’ provided by VC investors. We compare portfolio firms' productivity growth before and after the first VC round,...