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sales and sales growth the year after the campaign and that this tends to be positively impacted by a larger number of … negative growth rate. The latter is positively impacted from having business angels investing through the campaign and a higher … equity share offered. A similar pattern to those growth outcomes has been found when comparing the equity crowdfunded firms …
Persistent link: https://www.econbiz.de/10013030990
Persistent link: https://www.econbiz.de/10012055772
This paper compares the post-investment value-added activities performed by governmental venture capital (GVC) and … investment profiles of these investors might have on the forms of value added. The study uses a unique data set based on a survey … attention to potential adverse effects of the post-investment engagement of the investors on the firm. Using a composite …
Persistent link: https://www.econbiz.de/10009296648
Even before the financial crisis of 2007/08, there were significant questions about Europe's long-term growth prospects …. After a long period of catching up with US levels of labour productivity, euro area productivity growth had, from the mid … declining rates of total factor productivity (TFP) growth and weaker capital accumulation as areas for concern in an European …
Persistent link: https://www.econbiz.de/10010517186
Even before the financial crisis of 2007/08, there were significant questions about Europe's long-term growth prospects …. After a long period of catching up with US levels of labour productivity, euro area productivity growth had, from the mid … declining rates of total factor productivity (TFP) growth and weaker capital accumulation as areas for concern in an European …
Persistent link: https://www.econbiz.de/10010496054
We examine how the exit mode (i.e., initial public offering - IPO, trade sale, or write-off) of venture capital investments is influenced by additional exit opportunities brought by cross-border investors. We perform our analyses on a sample of 1,062 financing rounds in 462 high-tech start-ups...
Persistent link: https://www.econbiz.de/10013061580
We provide the first cross-country evidence of the effect of investment by private equity firms on innovation, focusing … concerns about causality in several ways, including exploiting variation in laws regulating the investment behaviour of pension … funds and insurance companies across countries and over time. We also control for the standard determinants of innovation …
Persistent link: https://www.econbiz.de/10003867027
be a necessary step, it has to be situated in a much broader discussion about how to create successful innovation …
Persistent link: https://www.econbiz.de/10012926098
Persistent link: https://www.econbiz.de/10011409284
This study contributes to the debate on VC-related policies that aim to support the growth of young high-tech firms in … positive effects of VC on employment, revenues and assets growth and on reducing financial constraints, but mixed effects on … innovation and other aspects of firm performance. They suggest that private VC tends to have larger effects than government VC …
Persistent link: https://www.econbiz.de/10014533546