Does venture capital really foster innovation?

被引：124
|
作者：
Faria, Ana Paula [1 ]
Barbosa, Natalia [1 ]
机构：
[1] Univ Minho, Sch Econ & Management, Dept Econ, Econ Policies Res Unit NIPE, P-4710057 Braga, Portugal
来源：
ECONOMICS LETTERS | 2014年 / 122卷 / 02期
关键词：
Venture capital; Innovation; Dynamic panel data; PANEL-DATA; MODELS;
D O I：
10.1016/j.econlet.2013.11.014
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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. (C) 2013 Elsevier B.V. All rights reserved.
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页码：129 / 131
页数：3
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