The paper deals with the issues of investment of hybrid and public venture capital funds. The results show that hybrid … innovative companies with the potential for rapid growth, which, in turn, is not consistent with the goals of public subsidies of …

Numerous studies have discussed that even if fundamental for innovation and economic growth, SMEs are often financially … applying to SMEs. -- venture capital ; private equity ; innovation ; certification effect ; SMEs …

sales and sales growth the year after the campaign and that this tends to be positively impacted by a larger number of … negative growth rate. The latter is positively impacted from having business angels investing through the campaign and a higher … equity share offered. A similar pattern to those growth outcomes has been found when comparing the equity crowdfunded firms …

We analyze innovation race in a moral hazard setting. We develop a model in which two competing entrepreneurs work …

played by financial forces in fostering new inventions. Drawing on Schumpeterian growth theory, this paper tests the roles of …Although ideas production plays a critical role for growth, there has been only a modicum of research on the role … framework, on the other hand, curbs innovative production. Schumpeterian growth ; financial development ; venture capital …