Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/219962 
Year of Publication: 
2017
Series/Report no.: 
Institute of Economic Research Working Papers No. 140/2017
Publisher: 
Institute of Economic Research (IER), Toruń
Abstract: 
Venture capital funds are very important in the development of innovative activity of economic entities. The funds contribute to closing the equity gap in the financing of innovative companies. The purpose of the study is to show the role that venture capital funds play in the development and functioning of business entities in EU companies. DEA (Data Envelopment Analysis), a non-parametric decision making unit (DMU), was used to examine the relationship. The study covered the 2010 and 2015 periods. The results confirm the assumption that venture capital funds operate most effectively in the most innovative economies of the EU.
Subjects: 
innovativation
venture capital
Innovative activity
efficiency
JEL: 
O16
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

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