全球智库信息集成服务系统(G2TT): Venture Capital\u2019s Role in Financing Innovation: What We Know and How Much We Still Need to Learn

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w27492
来源ID	Working Paper 27492
	Venture Capital\u2019s Role in Financing Innovation: What We Know and How Much We Still Need to Learn
	Josh Lerner; Ramana Nanda
发表日期	2020-07-06
出版年	2020
语种	英语
摘要	Venture capital is associated with some of the most high-growth and influential firms in the world. Academics and practitioners have effectively articulated the strengths of the venture model. At the same time, venture capital financing also has real limitations in its ability to advance substantial technological change. Three issues are particularly concerning to us: 1) the very narrow band of technological innovations that fit the requirements of institutional venture capital investors; 2) the relatively small number of venture capital investors who hold, and shape the direction of, a substantial fraction of capital that is deployed into financing radical technological change; and 3) the relaxation in recent years of the intense emphasis on corporate governance by venture capital firms. While our ability to assess the social welfare impact of venture capital remains nascent, we hope that this article will stimulate discussion of and research into these questions.
主题	Financial Economics ; Financial Institutions ; Development and Growth ; Innovation and R& ; D
URL	https://www.nber.org/papers/w27492
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/585164
推荐引用方式 GB/T 7714	Josh Lerner,Ramana Nanda. Venture Capital\u2019s Role in Financing Innovation: What We Know and How Much We Still Need to Learn. 2020.

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
w27492.pdf（230KB）	智库出版物		限制开放	CC BY-NC-SA	浏览