Arbeitspapier
Firm Level Implications of Early Stage Venture Capital Investment: An Empirical Investigation
The paper analyses the impact of venture capital finance on growth and innovation activities of young German firms. Among other variables, our panel of firm data includes data on venture capital funding and patent applications. With a statistical matching procedure we draw an adequate control group of non venture funded firms. The analysis gives evidence that innovative firms will be able to close a venture capital deal with higher probability. Once the firms are venture funded, they display higher growth rates but do not differ in their innovative output from otherwise comparable firms. We derive strategic implications.
- Sprache
-
Englisch
- Erschienen in
-
Series: ZEW Discussion Papers ; No. 02-82
- Klassifikation
-
Wirtschaft
Business Objectives of the Firm
Firm Behavior: Theory
Multiple or Simultaneous Equation Models: Panel Data Models; Spatio-temporal Models
Semiparametric and Nonparametric Methods: General
- Thema
-
Firm Demography
Firm Start-Ups
Firm Growth
Venture Capital
Patented Inventions
Microeconometric Evaluation Methods
Risikokapital
Unternehmensgründung
Innovation
Unternehmenswachstum
Schätzung
Deutschland
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Keilbach, Max
Engel, Dirk
- Ereignis
-
Veröffentlichung
- (wer)
-
Zentrum für Europäische Wirtschaftsforschung (ZEW)
- (wo)
-
Mannheim
- (wann)
-
2002
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Keilbach, Max
- Engel, Dirk
- Zentrum für Europäische Wirtschaftsforschung (ZEW)
Entstanden
- 2002
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