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,564 investments by lead VC investors in Europe, we test how this treatment affects portfolio companies' performances in terms of the …
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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...
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the related consequences - had a strong impact on the two investor types and on entrepreneurial finance in Europe, inter … entrepreneurial finance sector for supporting entrepreneurship and innovation in Europe. …
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We provide the first measurement of knowledge spillovers from venture capital-financed companies onto the patenting activities of other companies. On average, these spillovers are nine times larger than those generated by the R&D investment of established companies. Spillover effects are larger...
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