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the financial crisis additionally limit the investment activity of BAs with investment activity at low levels. This paper …
Persistent link: https://www.econbiz.de/10011862423
investment. Section 5 employs a latent class cluster analysis to establish a taxonomy of start-up growth profiles, characterised …
Persistent link: https://www.econbiz.de/10011863300
We look at syndication in the venture capital industry. Investments conducted by syndicates are believed to have better chances of being successful, measured by the survival probability of portfolio companies or by successful exits. Using a novel and large dataset, covering several countries,...
Persistent link: https://www.econbiz.de/10012268276
The creation of value through innovation is among the defining traits of new technology-driven ventures. In this paper we contribute to the literature by investigating the value of innovations for start-ups supported by EIF in the years 1996 to 2014, as measured through patent applications. The...
Persistent link: https://www.econbiz.de/10011859809
Despite the sometimes intensive media coverage and exuberant storytelling around the industry, venture capital (VC) investors tend to operate in highly opaque markets. On this premise, this work contributes to the literature via a hand-collected dataset of about 3,600 EIF-backed VC investments...
Persistent link: https://www.econbiz.de/10011863286
Investment Fund, which engages in co-investment relationships with experienced business angels across Europe. It uses EIF … description of EAF's investment portfolio, outlining the geographical distribution of its portfolio companies and the sector in … which they are active. The next section focusses on BAs' investment practices. For example, we take a closer look at the …
Persistent link: https://www.econbiz.de/10012156137
five years following the investment date. Overall, our work provides meaningful evidence towards the positive effects of …
Persistent link: https://www.econbiz.de/10012436188
positive effects of EIF-supported VC investment on the financial growth of young and innovative businesses in Europe. …
Persistent link: https://www.econbiz.de/10011995881
We test under what circumstances boards discipline managers and whether such interventions improve performance. We exploit exogenous variation due to the staggered adoption of corporate governance laws in formerly Communist countries coupled with detailed ‘hard’ information about the...
Persistent link: https://www.econbiz.de/10008702077
This EIF Working Paper investigates financing patterns of European SMEs by looking at a large number of different financing instruments and their complementary and substitutive effects, using the SAFE dataset collected in 2015. We develop an empirical taxonomy of SME financing patterns in...
Persistent link: https://www.econbiz.de/10011861055