Showing 1 - 10 of 4,854
differences in industry, location, legal status, size, age, credit rating, export and innovation behaviour, the findings (i …, yet not on innovation output. …
Persistent link: https://www.econbiz.de/10011435304
Using a comprehensive database of European firms, we study how private equity affects the rate of firm entry. We find that private equity investment benefits new business incorporation, especially in industries with naturally higher entry rates and R&D intensity. A two standard deviation...
Persistent link: https://www.econbiz.de/10011605124
The paper analyses the impact of venture capital finance on growth and innovation activities of young German firms … display significantly larger growthrates. We conclude that the higher innovation output of venture funded firms is mainly …
Persistent link: https://www.econbiz.de/10010261512
The paper analyses the impact of venture capital finance on growth and innovation activities of young German firms …
Persistent link: https://www.econbiz.de/10010297278
In this study we investigate the impact of early stage venture capital on innovation activities of Swiss start … venture capital on innovation performance 3 years after firm foundation but also 6 and 9 years after firm start, respectively …, for those firms that survived so long and reported continuously innovation activities (persistence of innovation). The …
Persistent link: https://www.econbiz.de/10010319702
We provide the first cross-country evidence of the effect of investment by private equity firms on innovation, focusing … funds and insurance companies across countries and over time. We also control for the standard determinants of innovation … aggregate (private equity plus R&D) industrial spending, PE accounts for as much as 12% of industrial innovation. We also …
Persistent link: https://www.econbiz.de/10011605109
The paper studies the relevance of product heterogeneity for innovation dynamics using an agent-based model. The … vantage point is a short a review on the empirical relevance of capability accumulation for innovation processes and an … insights on product innovation in macroeconomic models, a simple agent-based model, which may later serve as an innovation …
Persistent link: https://www.econbiz.de/10012212599
The relationship between a venture capitalist and an entrepreneur is modeled to investigate the impact of public subsidies on venture capital investments in start-up enterprises. In this model, the venture capitalist only finances start-up enterprises if he has sufficient expertise to make...
Persistent link: https://www.econbiz.de/10010260453
This paper analyses the impact of public equity schemes on venture capitalist's incentives to finance start-up enterprises and to support the management teams. In a double-sided moral hazard model, it is shown that experienced venture capitalists, who have already financed start-up enterprises,...
Persistent link: https://www.econbiz.de/10010260512
Using an agency framework, this paper examines advantages of offering venture capitalists a choice between public equity and loan schemes. Both schemes can be used to promote venture capital investments in hightechnology enterprises since they encourage inexperienced venture capitalists to...
Persistent link: https://www.econbiz.de/10010260513