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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w13636 |
来源ID | Working Paper 13636 |
The Effect of Venture Capital on Innovation Strategies | |
Marco Da Rin; María Fabiana Penas | |
发表日期 | 2007-11-28 |
出版年 | 2007 |
语种 | 英语 |
摘要 | We examine a unique dataset of Dutch companies, some of which have received venture financing. The data include detailed information on innovation activities and other company characteristics. We analyse the role of venture finance in influencing innovation strategies. We find that venture capitalists push portfolio companies towards building absorptive capacity and towards more permanent in-house R&D efforts. By contrast, we find that public funding relaxes financial constraints, but does not lead to a build-up of absorptive capacity. Our results thus highlight the special role of venture capital in shaping companies' innovation strategies. |
主题 | Financial Economics ; Financial Institutions ; Development and Growth ; Innovation and R& ; D |
URL | https://www.nber.org/papers/w13636 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/571319 |
推荐引用方式 GB/T 7714 | Marco Da Rin,María Fabiana Penas. The Effect of Venture Capital on Innovation Strategies. 2007. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w13636.pdf(225KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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