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Learning by Investing : Entrepreneurial Spillovers from Venture Capital
Lerner, Joshua; Li, Jinlin; Liu, Tong - National Bureau of Economic Research - 2023
ventures than do LPs in funds which failed to launch. These new ventures tend to be high-tech firms and file more patents than …
Persistent link: https://www.econbiz.de/10014437028
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Public Entrepreneurial Finance around the Globe
Bai, Jessica; Bernstein, Shai; Dev, Abhishek; Lerner, Joshua - National Bureau of Economic Research - 2021
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
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Financial Innovation in the 21st Century : Evidence from U.S. Patents
Lerner, Joshua; Seru, Amit; Short, Nick; Sun, Yuan - National Bureau of Economic Research - 2021
We develop a unique dataset of 24 thousand U.S. finance patents granted over last two decades to explore the evolution … and production of financial innovation. We use machine learning to identify the financial patents and extensively audit … matter of financial patents has changed, consistent with the industry's shift in revenue and value-added towards household …
Persistent link: https://www.econbiz.de/10012599270