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fostering innovation among startups. Based on the data of Chinese A-share listed companies and the startups in their portfolios … that they invested in between 2009 and 2018, we find that startups backed by state-owned corporate venture capital are less … innovative than startups backed by privately owned corporate venture capital. Using a two-stage least-squares analysis yields the …
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technology startups. The model passed the goodness-of-fit indices test and reveals that information acquisition, venture capital …
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fostering innovation among startups. Based on the data of Chinese A-share listed companies and the startups in their portfolios … that they invested in between 2009 and 2018, we find that startups backed by state-owned corporate venture capital are less … innovative than startups backed by privately owned corporate venture capital. Using a two-stage least-squares analysis yields the …
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