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We use investment-level data to study performance persistence in venture capital (VC). Consistent with prior studies … preferential access raises the quality of subsequent investments, perpetuating performance differences in initial investments …
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VC firm experience only relates positively to performance when outstanding (e.g. 3rd generation fund or above). However …
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country data to study the effect of product market regulation and reform on a country's macroeconomic performance. After a … growth. A summary of what we learn from the econometric results concludes the paper. …
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Using novel data on European firms, this paper investigates the relationship between business groups and innovation. Controlling for various firm characteristics, we find that group affiliates are more innovative than standalones. We examine several hypotheses to explain this finding, focusing...
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