EconStor >
Zentrum für Europäische Wirtschaftsforschung (ZEW), Mannheim >
ZEW Discussion Papers, Zentrum für Europäische Wirtschaftsforschung (ZEW) >

Please use this identifier to cite or link to this item:
Title:Firm Level Implications of Early Stage Venture Capital Investment: An Empirical Investigation PDF Logo
Authors:Keilbach, Max
Engel, Dirk
Issue Date:2002
Series/Report no.:ZEW Discussion Papers 02-82
Abstract:The paper analyses the impact of venture capital finance on growth and innovation activities of young German firms. Among other variables, our panel of firm data includes data on venture capital funding and patent applications. With a statistical matching procedure we draw an adequate control group of non venture funded firms. The analysis gives evidence that innovative firms will be able to close a venture capital deal with higher probability. Once the firms are venture funded, they display higher growth rates but do not differ in their innovative output from otherwise comparable firms. We derive strategic implications.
Subjects:Firm Demography
Firm Start-Ups
Firm Growth
Venture Capital
Patented Inventions
Microeconometric Evaluation Methods
Document Type:Working Paper
Appears in Collections:ZEW Discussion Papers, Zentrum für Europäische Wirtschaftsforschung (ZEW)
Publikationen von Forscherinnen und Forschern des Zentrums für Europäische Wirtschaftsforschung (ZEW)

Files in This Item:
File Description SizeFormat
dp0282.pdf175.33 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.