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:...

This work studies how and when venture capital (VC) affects the investment of its portfolio firms. We estimate an Error Correction Model that takes into account the non-linearity of the investment curve on a sample of 361 young high-tech firms in 6 European countries. The direct effect of VC on...

This article examines how the scientific specialization of universities impacts new firm creation across industries at the local level. In accordance with the Pavitt-Miozzo-Soete taxonomy, we consider eight industry categories, which reflect the characteristics of firms' innovation patterns and,...

This paper investigates how far in space university knowledge goes to breed the creation of knowledge knowledge-intensive firms (KIFs), depending on the nature (codified or tacit) and quality of this knowledge. We consider the impact of knowledge codified in academic patents and scientific...

Using information on new knowledge intensive firms (KIFs) and universities in Italy, this chapter explores whether and how new KIFs creation at the local level depends on university presence. We evaluate the impact on new KIFs creation of: i) the different knowledge inputs offered by...

For the first time, data on individual European higher education institutions (rather than data aggregated at the country level) is used in order to examine a wide range of issues that are both theoretically challenging and relevant from policy-making and societal perspectives. The contributors...