Does venture capital really foster innovation?

Abstract

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 at a later stage.COMPETE; QREN; FEDER; Fundação para a Ciência e a Tecnologia (FCT

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Universidade do Minho: RepositoriUM

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Last time updated on 12/11/2016

This paper was published in Universidade do Minho: RepositoriUM.

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