Author(s):
Faria, Ana Paula 
; Barbosa, Natália
Date: 2013
Persistent ID: http://hdl.handle.net/1822/23492
Origin: RepositóriUM - Universidade do Minho
Subject(s): Venture capital; Innovation; Dynamic panel data
Document details
Does venture capital really foster innovation?
Description
Using panel data of 17 European Union countries, we find robust empirical support for a positive impact of venture capital on innovation. After controlling for the potential endogenous relationship between venture capital and innovation, the results indicate that venture capital fosters innovation but mainly on a later stage.
Using panel data of 17 European Union countries, we find robust empirical support for a positive impact of venture capital on innovation. After controlling for the potential endogenous relationship between venture capital and innovation, the results indicate that venture capital fosters innovation but mainly on a later stage.
Document Type
Research paper
Language English
Language English
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