| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w26521 |
| 来源ID | Working Paper 26521 |
| Hidden in Plain Sight: Venture Growth with or without Venture Capital | |
| Christian Catalini; Jorge Guzman; Scott Stern | |
| 发表日期 | 2019-12-09 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | The majority of IPOs and acquisitions are achieved without venture capital financing, yet research has focused mostly on VC backed firms. Using founding choices and a predictive analytics approach on virtually all US registered businesses, we shed light into these “missing” growth firms. Founding choices that predict raising venture capital also strongly predict equity exits without VC. Firms with growth potential are similar to each other, irrespective of funding source. Moreover, matching firms that are born with identical observables, but only differ in whether they receive venture capital, suggests an upper bound to the returns to venture capital of 600%. |
| 主题 | Financial Economics ; Financial Institutions ; Industrial Organization ; Firm Behavior |
| URL | https://www.nber.org/papers/w26521 |
| 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/584195 |
| 推荐引用方式 GB/T 7714 | Christian Catalini,Jorge Guzman,Scott Stern. Hidden in Plain Sight: Venture Growth with or without Venture Capital. 2019. |
| 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 | ||
| w26521.pdf（796KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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