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.
- Language
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Englisch
- Bibliographic citation
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Series: KOF Working Papers ; No. 332
- Classification
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Wirtschaft
Firm Objectives, Organization, and Behavior: General
Innovation and Invention: Processes and Incentives
- Subject
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venture capital
start-ups
innovation performance
Unternehmensgründung
Risikokapital
Innovation
Unternehmenswachstum
Schweiz
- Event
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Geistige Schöpfung
- (who)
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Arvanitis, Spyros
Stucki, Tobias
- Event
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Veröffentlichung
- (who)
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ETH Zurich, KOF Swiss Economic Institute
- (where)
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Zurich
- (when)
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2013
- DOI
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doi:10.3929/ethz-a-007623296
- Handle
- Last update
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10.03.2025, 11:41 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Arvanitis, Spyros
- Stucki, Tobias
- ETH Zurich, KOF Swiss Economic Institute
Time of origin
- 2013