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Our study analyzes the effect of the capital gains tax on the individual investment decisions of venture capitalists. By doing so, we are able to study the decisions for a sample of 76,852 funding rounds in 32 countries from 2000 to 2012. Our results support the predictions of the theoretical...
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We provide the first measurement of knowledge spillovers from venture capital-financed companies onto the patenting activities of other companies. On average, these spillovers are nine times larger than those generated by the R&D investment of established companies. Spillover effects are larger...
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Functioning markets for technology are an important determinant for the type, scope and distribution of innovation … activities in an economy. However, markets for technology are often underdeveloped or inefficient. Existing theory attributes … structural forces that shape the demand side of markets for technology. In this study, we reason that demand depends on the …
Persistent link: https://www.econbiz.de/10012109765
During the last years more and more discussions came up about the contribution of technology-oriented and technology …-intensive industries for the economic development and employment. One reason for these contradictory evaluations of technology …-intensive industries can be attributed to different conceptual definitions of technology which are briefly discussed. The foundation and …
Persistent link: https://www.econbiz.de/10011620522
During the last years more and more discussions came up about the contribution of technology-oriented and technology … various technology-oriented sectors in West-Germany from 1983 until 1993 on the basis of a firm specific data set from the … various technology-intensive industries show high growth rates during the early eighties and after reunification in 1989. On …
Persistent link: https://www.econbiz.de/10011620601
consistent with the existence of localization and urbanization effects. The emergence of high technology firms seems to be …
Persistent link: https://www.econbiz.de/10011621492
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