This contribution to the George Washington University's Round Table on Financing Innovation summarises the findings of a recent publication about the impacts of venture capital on firm growth and innovation. Applying a two-stage propensity score matching on Austrian micro-data, the findings...

This paper reviews the major finance-related causes of private under-investment in innovation and the consequent alternative choices for public policy. The focus is on incentive-based arguments that address the problem of limited appropriability of new knowledge, and on the lacking access to...