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Does venture capital (VC) investment yield economic growth? A large literature studies the effect of VC investments on … firm-level activity, but its effects on economic growth are less well understood. We identify the effect of VC investment … hubs are an important contributor to regional economic growth. …
Persistent link: https://www.econbiz.de/10014335551
In this paper, we present novel data from the German-speaking area on 13,422 venture capital investments between 1999 and 2019, and document a novel and yet unexplained contributor to investors' home bias. We propose a new measure of regional identity based on a recent vehicle license plate...
Persistent link: https://www.econbiz.de/10013387252
What comes to mind when thinking about a successful entrepreneur? Belief formation models suggest that what comes to mind is an oversimplified picture of the characteristics of successful entrepreneurs, i.e, stereotypes about successful entrepreneurs. Using French administrative data on 48,767...
Persistent link: https://www.econbiz.de/10014351466
In this paper, we present novel data from the German-speaking area on 13,422 venture capital investments between 1999 and 2019, and document a novel and yet unexplained contributor to investors' home bias. We propose a new measure of regional identity based on a recent vehicle license plate...
Persistent link: https://www.econbiz.de/10013399247
Although the gender gap in entrepreneurs' success rates to secure funding is staggering, we know little about its causes. This is because observing both sides of investor-entrepreneur interactions (especially for unsuccessful pitches) is difficult in reality, and the associated extraordinary...
Persistent link: https://www.econbiz.de/10013249120
Although the gender gap in entrepreneurs' success rates to secure funding is staggering, we know little about its causes. This is because observing both sides of investor-entrepreneur interactions (especially for unsuccessful pitches) is difficult in reality, and the associated extraordinary...
Persistent link: https://www.econbiz.de/10012430657
Because of the recent surge in the number of unicorns and their role in spurring entrepreneurship and social impacts, venture capitalists, entrepreneurs, and regulators are concerned about how startup firms are valued. This is due to a lack of financial and historical information about startups...
Persistent link: https://www.econbiz.de/10013334811
Recent research has revealed an increasing share of migrant founders in European tech-based startups. We empirically examine the effect of migrant entrepreneurship on Fintech funding and performance around venture capital (VC) investments in Europe (EU). Based on a quantile analysis, we argue...
Persistent link: https://www.econbiz.de/10014350150
We study the role of Chinese government guidance funds (GGFs) in value creation for investee firms. Using a sample of 2,855 firms that went public during the period of 2010-2021, we show that GGF-backed IPO firms had higher initial returns than non-VC-backed IPO firms and non-GGF VC-backed IPO...
Persistent link: https://www.econbiz.de/10014353584
This paper examines how information acquisition through social media affects venture capital (VC) investments into entrepreneurial startup firms. We collect a unique data set from Twitter API to measure the impact of owned social media (OSM) and earned social media (ESM) of portfolio companies...
Persistent link: https://www.econbiz.de/10014354021