We aim to ascertain to what extent the better performance of European venture capital (VC)-backed firms in high-tech industries is due to either ‘screening’ or ‘value added’ provided by VC investors. We compare portfolio firms’ productivity growth before and after the first VC round,...

The aim of this work is to investigate the drivers of productivity evolution in the European life insurance industry in the aftermath of the enforcement of the Third Directive. We apply Data Envelopment Analysis (DEA) to a panel of 602 life insurance companies operating in five European...

This work studies the extent to which the investments of young high-tech companies in Europe are supported by public venture capital (PVC) financing. We estimate an investment equation derived from a sales accelerator model, and benchmark PVC to the most well-known category of venture capital:...

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...

Using a new European Commission-sponsored longitudinal dataset – the VICO dataset – we assess the impact of independent (IVC) and corporate venture capital (CVC) investments on the economic performance of European high-tech entrepreneurial firms during the period 1992-2010. After controlling...

We investigate the effect of public (PUVC) and private (PRVC) venture capital funds on the sales growth of 6,513 European New Technology-Based Firms (NTBFs) during the period from 1992 to 2009. Our results show that PUVC-backed NTBFs underperform with respect to PRVC-backed ones and do not grow...