Arbeitspapier

The impact of venture capital on the persistence of innovation activities of Swiss start-ups

In this study we investigate the impact of early stage venture capital on innovation activities of Swiss start-ups. This is done based on a cohort of start-ups that is representative of all firms founded in Switzerland in 1996/97 as recorded by a census of the Swiss Federal Statistical Office for this period. We analyze not only the impact of early stage venture capital on innovation performance 3 years after firm foundation but also 6 and 9 years after firm start, respectively, for those firms that survived so long and reported continuously innovation activities (persistence of innovation). The results support neither the hypothesis of a positive impact on initial innovation activities nor the hypothesis of a positive time-persistent effect on innovation performance of start-ups.

Sprache
Englisch

Erschienen in
Series: KOF Working Papers ; No. 332

Klassifikation
Wirtschaft
Firm Objectives, Organization, and Behavior: General
Innovation and Invention: Processes and Incentives
Thema
venture capital
start-ups
innovation performance
Unternehmensgründung
Risikokapital
Innovation
Unternehmenswachstum
Schweiz

Ereignis
Geistige Schöpfung
(wer)
Arvanitis, Spyros
Stucki, Tobias
Ereignis
Veröffentlichung
(wer)
ETH Zurich, KOF Swiss Economic Institute
(wo)
Zurich
(wann)
2013

DOI
doi:10.3929/ethz-a-007623296
Handle
Letzte Aktualisierung
10.03.2025, 11:41 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Arvanitis, Spyros
  • Stucki, Tobias
  • ETH Zurich, KOF Swiss Economic Institute

Entstanden

  • 2013

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