Synergizing ventures

Arbeitspapier

Venture capital (VC) and growth are examined both empirically and theoretically. Empirically, VC-backed startups have higher early growth rates and initial patent quality than non-VC-backed ones. VC backing increases a startup's likelihood of reaching the right tails of the firm size and innovation distributions. Furthermore, outcomes are better for startups matched with more experienced venture capitalists. An endogenous growth model, where venture capitalists provide both expertise and financing for business startups, is constructed to match these facts. The presence of venture capital, the degree of assortative matching between startups and financiers, and the taxation of VC-backed startups matter significantly for growth.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Working Paper ; No. 2019-17

Classification and Topics

• Classification: Wirtschaft ; General Aggregative Models: Neoclassical ; Investment; Capital; Intangible Capital; Capacity ; Investment Banking; Venture Capital; Brokerage; Ratings and Ratings Agencies ; Entrepreneurship ; Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance ; Innovation and Invention: Processes and Incentives ; Economic Growth and Aggregate Productivity: General
• Subject: venture capital ; assortative matching ; endogenous growth ; IPO ; management ; mergers and acquisitions ; research and development ; startups ; synergies ; taxation ; patents ; Risikokapital ; Börsengang ; Endogenes Wachstumsmodell ; Übernahme ; Forschung ; Unternehmensgründung ; Synergie

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Akcigit, Ufuk ; Dinlersoz, Emin Murat ; Greenwood, Jeremy ; Penciakova, Veronika
• Event: Veröffentlichung
• (who): Federal Reserve Bank of Atlanta
• (where): Atlanta, GA
• (when): 2019

Further information

• DOI: doi:10.29338/wp2019-17
• Handle: http://hdl.handle.net/10419/228247
• Last update: 10.03.2025, 11:44 AM CET