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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
Research and development (R&D) and technology are analyzed from the perspective of Philippine economic growth in the …&D and technology. General R&D and technology policies and institutional structure and arrangements are examined. National …
Persistent link: https://www.econbiz.de/10011429698
main channels: innovation and absorptive capacity. The quantitative results, based on a panel of 16 OECD countries from …
Persistent link: https://www.econbiz.de/10010295645
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
between venture capital financing and product market competition: A young firm with a risky innovation project attempts to …
Persistent link: https://www.econbiz.de/10010305064
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
This paper investigates how patent applications and grants held by new ventures improve their ability to attract venture capital (VC) financing. We argue that investors are faced with considerable uncer-tainty and therefore rely on patents as signals when trying to assess the prospects of...
Persistent link: https://www.econbiz.de/10010427765
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
The starting point of this paper is that the exit of venture-backed firms often takes place through sales to large incumbent firms. We show that in such an environment, venture-backed firms have a stronger incentive to develop basic innovations into commercialized innovations than incumbent...
Persistent link: https://www.econbiz.de/10010320055
sales price of a developed innovation. This will trigger preemptive acquisitions by incumbents, thus increasing the reward …
Persistent link: https://www.econbiz.de/10010320298