Arbeitspapier
Public subsidies and the sources of venture capital
Research suggests that public subsidies for newly founded firms have a positive effect on follow-on financing, in particular, Venture Capital (VC). This study differentiates between Government VC, Independent VC, Corporate VC, and Business Angels and shows that public subsidies are not relevant for all of these sources. When accounting for firm characteristics that drive both selection into public subsidies as well as into VC financing through econometric matching techniques, we find that subsidies are only linked to Government VC and Business Angel financing.
- Language
-
Englisch
- Bibliographic citation
-
Series: ZEW Discussion Papers ; No. 20-086
- Classification
-
Wirtschaft
Investment Banking; Venture Capital; Brokerage; Ratings and Ratings Agencies
Entrepreneurship
Industrial Policy
Innovation and Invention: Processes and Incentives
- Subject
-
Start-up Subsidies
Entrepreneurship Policy
Entrepreneurial Finance
Venture Capital
Business Angels
- Event
-
Geistige Schöpfung
- (who)
-
Berger, Marius
Hottenrott, Hanna
- Event
-
Veröffentlichung
- (who)
-
ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
- (where)
-
Mannheim
- (when)
-
2020
- Handle
- Last update
-
10.03.2025, 11:43 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.
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
- Berger, Marius
- Hottenrott, Hanna
- ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
Time of origin
- 2020
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