| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29847 |
| 来源ID | Working Paper 29847 |
| Do Startups Benefit from Their Investors\u2019 Reputation? Evidence from a Randomized Field Experiment | |
| Shai Bernstein; Kunal Mehta; Richard R. Townsend; Ting Xu | |
| 发表日期 | 2022-03-21 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | We analyze a field experiment conducted on AngelList Talent, a large online search platform for startup jobs. In the experiment, AngelList randomly informed job seekers of whether a startup was funded by a top-tier investor and/or was funded recently. We find that the same startup receives significantly more interest when information about top-tier investors is provided. Information about recent funding has no effect. The effect of top-tier investors is not driven by low-quality candidates and is stronger for earlier-stage startups. The results show that venture capitalists can add value passively, simply by attaching their names to startups. |
| 主题 | Econometrics ; Experimental Design ; Financial Economics ; Financial Institutions ; Labor Economics ; Labor Supply and Demand ; Industrial Organization ; Firm Behavior |
| URL | https://www.nber.org/papers/w29847 |
| 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/587519 |
| 推荐引用方式 GB/T 7714 | Shai Bernstein,Kunal Mehta,Richard R. Townsend,et al. Do Startups Benefit from Their Investors\u2019 Reputation? Evidence from a Randomized Field Experiment. 2022. |
| 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 | ||
| w29847.pdf（593KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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