-run performance, but also infl ates their acquisition prices, and lowers their acquirers' overall profits. Patent law usefulness …

measure of innovation alternative to patent count. Unlike the impact on patent count, we do not find that VC investment …

that venture capital investments stimulate innovation ('VC-first hypothesis'). This interpretation is, however, one …-sided because there may be a reverse causality that innovations induce venture capital investments ('innovation-first hypothesis … causality issue of venture capital investments and innovation in the US manufacturing industry using both total factor …

, competition leads to faster innovation, because the investor has less of a need to delay expensive investments. The investor …

communicate valuable knowledge to an entrepreneur, facilitating innovation. The venture capitalist can also communicate the … transfer, and their implications for investment, innovation, and product market competition. The model also sheds light on the …

regard to the capital gains tax, innovation subsidy, public R&D spending and other policy initiatives. …