Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/24804
Authors: 
Engel, Dirk
Year of Publication: 
2002
Series/Report no.: 
ZEW Discussion Papers 02-02
Abstract: 
The financial and non-financial involvement of venture capitalists is supposed to be positively correlated with firm performance. This paper deals with the evaluation of the impact of venture capitalists on employment growth of new founded firms. Differences between high-tech and low-tech industries as well as the impact of other investors are analyzed. The estimation results show that surviving venture-backed firms realize higher growth rates compared to surviving non-venture-backed firms. Moreover, venture capitalists are more able to push the firms to a faster and higher employment growth than other investors.
Subjects: 
Venture Capital
Start-ups
Employment Growth
Selection Bias
Evaluation
JEL: 
C35
D92
L21
Document Type: 
Working Paper

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