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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w17050 |
来源ID | Working Paper 17050 |
Show Me the Right Stuff: Signals for High Tech Startups | |
Annamaria Conti; Marie C. Thursby; Frank Rothaermel | |
发表日期 | 2011-05-12 |
出版年 | 2011 |
语种 | 英语 |
摘要 | We present a theoretical model of startup signaling with multiple signals and potential differences in external investor preferences. For a novel sample of technology incubator startups, we empirically examine the use of patents and founder, friends, and family (FFF) money as such signals, finding that they are jointly endogenous to venture capital and business angel investment in the startups. For this sample, venture capitalists appear to value patents more highly than FFF money, while the reverse is true for business angels. Moreover, the impact of patents on venture capitalists is larger than the impact of FFF money on business angels. |
主题 | Financial Economics ; Financial Institutions |
URL | https://www.nber.org/papers/w17050 |
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/574724 |
推荐引用方式 GB/T 7714 | Annamaria Conti,Marie C. Thursby,Frank Rothaermel. Show Me the Right Stuff: Signals for High Tech Startups. 2011. |
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 | ||
w17050.pdf(607KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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