| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13932 |
| DP13932 Synergizing Ventures | |
| Ufuk Akcigit; Emin Dinlersoz; Jeremy Greenwood; Veronika Penciakova | |
| 发表日期 | 2019-08-16 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | Venture capital (VC) and growth are examined both empirically and theoretically. Empirically, VC-backed startups have higher early growth rates and initial patent quality than non-VC-backed ones. VC-backing increases a startup's likelihood of reaching the right tails of the firm size and innovation distributions. Furthermore, outcomes are better for startups matched with more experienced venture capitalists. An endogenous growth model, where venture capitalists provide both expertise and financing for business startups, is constructed to match these facts. The presence of venture capital, the degree of assortative matching between startups and financiers, and the taxation of VC-backed startups matter significantly for growth. |
| 主题 | Macroeconomics and Growth |
| 关键词 | Venture capital Endogenous growth Mergers and acquisitions R&d |
| URL | https://cepr.org/publications/dp13932 |
| 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/542813 |
| 推荐引用方式 GB/T 7714 | Ufuk Akcigit,Emin Dinlersoz,Jeremy Greenwood,et al. DP13932 Synergizing Ventures. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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