This paper examines the role of venture capital on a firm's innovation activities by using a data set of German … technology-based firms founded between 1996 and 2005. Innovation is proxied by patent counts and an index of innovativeness which …

This dissertation explores the relation between venture capital and innovation. There are three main findings. First … appears to occur at the expense of innovation quality. Second, venture capital funding increases the diffusion of companies …

innovation in entrepreneurial firms. Using the NBER Patent Citation database, we find that CVCs help their portfolio firms … achieve a higher degree of innovation productivity, as measured by their patenting, although these firms are younger, riskier … model to analyze the mechanisms through which CVCs nurture innovation to a greater extent than IVCs, and test the …

financing affects firm innovation and growth. The results highlight the essential role of VC financing for U.S. innovation and …

for angel investors in innovation-related roles, if the start-ups are more time consuming, and for exploratory patents …. Compared to other angel investors, angel investors employed at corporations have a positive impact on future innovation and …

entry concentrates in firms that experience deteriorations of internal innovation. At the investment stage, CVCs select … generated from these ventures that create strategic value. CVCs are terminated when parent firms' innovation recovers. Overall …, the strategic desire to fix innovation weaknesses after adverse shocks motivates firms to adopt CVCs …