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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP12236 |
DP12236 Measuring the Spillovers of Venture Capital | |
Monika Schnitzer; Martin Watzinger | |
发表日期 | 2017-08-23 |
出版年 | 2017 |
语种 | 英语 |
摘要 | We provide the first measurement of knowledge spillovers from venture capital-financed companies onto the patenting activities of other companies. On average, these spillovers are nine times larger than those generated by the R&D investment of established companies. Spillover effects are larger in complex product industries than in discrete product industries. Start-ups with experienced inventors holding a patent at the time of receiving the first round of investment produce the largest spillovers, indicating that venture capital fosters the commercialization of technologies. Methodologically, we contribute by developing a novel definition of the spillover pool, combining citation-based and technological proximity-based approaches. |
主题 | Financial Economics ; Industrial Organization |
关键词 | Venture capital Spillovers Innovation |
URL | https://cepr.org/publications/dp12236 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541047 |
推荐引用方式 GB/T 7714 | Monika Schnitzer,Martin Watzinger. DP12236 Measuring the Spillovers of Venture Capital. 2017. |
条目包含的文件 | 条目无相关文件。 |
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