Please use this identifier to cite or link to this item: http://hdl.handle.net/1822/23492

TitleDoes venture capital really foster innovation?
Author(s)Faria, Ana Paula
Barbosa, Natália
KeywordsVenture capital
Innovation
Dynamic panel data
Issue date2013
PublisherUniversidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE)
Abstract(s)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.
TypeWorking paper
URIhttp://hdl.handle.net/1822/23492
Publisher versionhttp://www3.eeg.uminho.pt/economia/nipe/docs/2013/NIPE_WP_03_2013.pdf
Peer-Reviewedyes
AccessOpen access
Appears in Collections:NIPE - Documentos de Trabalho

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