Showing 1 - 10 of 9,760
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
Innovative firms with good ideas may still struggle to fine-tune them to the stage where they can attract outside funding. We conduct a five-country randomized experiment that tests the impact of an investment readiness program. Firms then pitched their ideas to independent judges. The program...
Persistent link: https://www.econbiz.de/10012422053
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
The goal of this paper is to point out the role played by private equity investors (venture-capital companies and corporate investors) in the emergence of a new biotechnology industry in Germany in the second half of the 90?s. This analysis takes into account the different business models and...
Persistent link: https://www.econbiz.de/10010297325
The financial and non-financial involvement of venture capitalists is supposed to be positively correlated with firm performance. This paper deals with the evaluation of the impact of venture capitalists on employment growth of new founded firms. Differences between high-tech and low-tech...
Persistent link: https://www.econbiz.de/10010298119
The paper summarizes the findings obtained during the first year of the Venture Fun project, carried out in an EU Network of Excellence PRIME and funded from the Sixth Framework Programme. The paper defines the central concepts of the project, identifies questions for further elaboration and...
Persistent link: https://www.econbiz.de/10010285286
We answer the questions, how many firms acting in the modern German biotechnology industry are funded by venture capital companies (VCC) as well as equity funded by corporate investors. The theory suggests a high relevance of VCC as venturing partner of high-tech projects. In addition we argue...
Persistent link: https://www.econbiz.de/10010261021
Established firms often face significant obstacles to innovation. As a solution, it has been suggested to form … monitored by their corporate sponsors, resulting in less favorable conditions for radical innovation. …
Persistent link: https://www.econbiz.de/10010302257
This paper investigates the implications of the fair value protections contemplated by the standard corporate contract (i.e., the standard contract form for which corporate law provides) for the entrepreneur-venture capitalist relationship, focusing, in particular, on unavoidable...
Persistent link: https://www.econbiz.de/10012655955
We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are …
Persistent link: https://www.econbiz.de/10010291511