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
Englisch

Bibliographic citation
Series: KOF Working Papers ; No. 332

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

Event
Geistige Schöpfung
(who)
Arvanitis, Spyros
Stucki, Tobias
Event
Veröffentlichung
(who)
ETH Zurich, KOF Swiss Economic Institute
(where)
Zurich
(when)
2013

DOI
doi:10.3929/ethz-a-007623296
Handle
Last update
10.03.2025, 11:41 AM CET

Data provider

This object is provided by:
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

Other Objects (12)