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This paper reviews the literature on the role of public equity markets in the innovation ecosystem. The review … highlights the importance of public equity markets in funding the research and development activities of young and high growth …-stage start-ups, on the performance of public equity markets and the initial public offering market in particular. Finally, the …
Persistent link: https://www.econbiz.de/10011723674
This paper presents the results obtained from a survey among public and private venture capitalists from countries …
Persistent link: https://www.econbiz.de/10011820298
What comes to mind when thinking about a successful entrepreneur? Belief formation models suggest that what comes to mind is an oversimplified picture of the characteristics of successful entrepreneurs, i.e, stereotypes about successful entrepreneurs. Using French administrative data on 48,767...
Persistent link: https://www.econbiz.de/10014351466
developed countries in Europe, the central part is driven by an abundance of public resources, while the venture capital sector …
Persistent link: https://www.econbiz.de/10014454594
The creation and scaling of startups are inherently linked to risk-taking, with various types of owners handling these risks differently. This paper investigates the influence of an active venture capital (VC) market on startups’ decisions regarding research and scaling. It outlines conditions...
Persistent link: https://www.econbiz.de/10014564131
In recent years governments around the world have introduced policies to stimulate investments in early stage entrepreneurial companies, in particular investments by Angel investors. In this paper we study whether introducing subsidies to Angel investors has effects on startups’ access to...
Persistent link: https://www.econbiz.de/10012622932
We construct a model where incumbents can either acquire basic innovations from entrepreneurs, or wait and acquire developed innovations from entrepreneurial firms supported by venture capitalists. We show that venture-backed entrepreneurial firms have an incentive to overinvest in development...
Persistent link: https://www.econbiz.de/10003809049
Based on 1182 dyads of German new ventures and venture capitalists involved in a financing round between 2002 and 2007, we examine the impact of spatial proximity on the likelihood of an investment. We find that with each triplication of journey time the relative likelihood of an investment...
Persistent link: https://www.econbiz.de/10008659237
Using a new European Union-sponsored firm-level longitudinal dataset, we assess the impact of government-managed (GVC) and independent venture capital (IVC) funds on the sales and employee growth of European high-tech entrepreneurial firms. Our results show that the main statistically robust and...
Persistent link: https://www.econbiz.de/10013066054
companies operate once they go public? Do the scrutiny measures, expertise and financial backing that firms gain from the …
Persistent link: https://www.econbiz.de/10013156795