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Public Policy, Entrepreneurship, and Venture Capital in the United States

Cumming, Douglas J. - 2013

This paper empirically examines business starts, deaths, venture capital and patents in relation to U.S. public policy. The most consistent evidence in the data shows that lower levels of labor frictions and higher levels of SBIR awards are associated with more business starts and higher levels...

Persistent link: https://www.econbiz.de/10013076671

Foreign Venture Capitalists and the Internationalization of Entrepreneurial Companies : Evidence from China

Humphery-Jenner, Mark - 2013

We use a comprehensive database of venture-capital-backed companies from China to test whether and how foreign venture capitalists (VCs) can facilitate international initial public offerings (IPOs) of entrepreneurial companies. Foreign VCs increase the likelihood that a portfolio company lists...

Persistent link: https://www.econbiz.de/10013090746

Disclosure, Venture Capital and Entrepreneurial Spawning

Cumming, Douglas J.; Knill, April M. - 2021

. The policy implications are clear regardless of endogeneity concerns, however: VC and entrepreneurship markets are enabled …

Persistent link: https://www.econbiz.de/10013323636

Product Market Competition, Venture Capital, and the Success of Entrepreneurial Firms

Cumming, Douglas J.; Nguyen, Giang; Nguyen, My - 2022

We document a positive effect of product market competition (PMC) on venture capital (VC) staging. Employing large tariff rate reductions as an exogenous shock to PMC, we find that large tariff reductions lead to a greater likelihood of staged financing and a larger number of financing rounds....

Persistent link: https://www.econbiz.de/10013406087

Experienced Entrepreneurial Founders and Venture Capital Funding

Hsu, David H. - 2011

Using a novel dataset of 149 early stage start-up firms, I empirically examine how prior entrepreneurial founding experience affects the timing and valuation of venture capital (VC) funding. Such founding experience results in both enhanced skill in building current start-ups and in improved...

Persistent link: https://www.econbiz.de/10014070002

Product Market Competition, Venture Capital, and the Success of Entrepreneurial Firms

Cumming, Douglas J.; Nguyen, Giang; Nguyen, My - 2021

Persistent link: https://www.econbiz.de/10013312441

Entrepreneurship and the Business Cycle : Stylized Facts from US Venture Capital Activity

Khan, Hashmat - 2016

We consider US Venture Capital (VC) activity as a measure of entrepreneurship and study its relationship with the … a bi-directional causality between entrepreneurship and economic activity. A positive shock to VC activity has a … positive effect on real GDP. Our findings can help inform policies designed to support entrepreneurship …

Persistent link: https://www.econbiz.de/10012988902

Governance in Entrepreneurial Ecosystems : Venture Capitalists vs. Technology Parks

Cumming, Douglas J. - 2017

We argue two alternative routes that lead entrepreneurial start-ups to acquisition outcomes instead of liquidation. On one hand, acquisitions can come about through the control route with external financers such as venture capitalists (VCs). VCs take control through their board seats along with...

Persistent link: https://www.econbiz.de/10012949957

Follow the Money : How Venture Capital Facilitates Emigration of Firms and Entrepreneurs in Europe

Braun, Reiner - 2020

An increasingly global venture capital (VC) business raises the question whether foreign VCs'investments pull economic activity away from domestic economies. Using a large sample ofVC-backed European ventures, we analyze whether involvement of foreign VCs influencesfirms' and entrepreneurs'...

Persistent link: https://www.econbiz.de/10012848733

Trademarks in Entrepreneurial Finance

Chemmanur, Thomas J. - 2020

We analyze the role of trademarks in entrepreneurial finance, hypothesizing that trademarks play two important roles: a “protective” role, leading to better product market performance; and an “informational” role, signaling higher firm quality to investors. We develop testable hypotheses...

Persistent link: https://www.econbiz.de/10012852244