Government sponsored versus private venture capital: Canadian evidence

By J. Brander, Edward J. Egan, Thomas F. Hellmann. 2008

140 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/08637f27cfc3dbb38959987c1afa56781b8d06d5

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Citations in the corpus

What is challenging renewable energy entrepreneurs in developing countries (2016, background): “microfranchising schemes, for example, have been investigated, and factors such as policy [1,3], overall ease of doing business [26,27] and government support [24,28] have been identified as contributing to the success of renewable energy start-ups in”
Venture Capital Financing and the Growth of High-Tech Start-Ups: Disentangling Treatment from Selection Effects (2011, background): “However, if governmental VC investors lack the sophisticated skills of private VC investors (e.g. Brander et al., 2008), their entry into the VC market may create an adverse selection problem, thereby again inducing companies with high (unobservable) growth prospects to stay away from the VC market.”
The value added by government venture capital funds compared with independent venture capital funds (2013, methodology): “The study, however, did not directly measure the monitoring or treatment activities of different investor types but gauged their magnitude using an instrumental variable approach (Brander et al., 2008).”
Governmental venture capital in Europe: Screening and certification (2016, background): “Second, we offer preliminary evidence of the screening power of GVC. Researchers have been strongly skeptical of this power because of possible political distortions and the lack of adequate skills and incentives of GVC firms (Brander et al. 2008).”
Government-subsidized R&D and Firm Innovation: Evidence from China (2016, unknown): “Nevertheless, a considerable number of studies also indicate that public R&D programs have not stimulated firm performance (Klette and Møen, 1999; Brander et al., 2008) or have limited positive effects on corporate R&D spending, except for small firms (Lööf and Hesmati, 2005) or research-oriented…”
Governmental venture capital for innovative young firms (2014, unknown): “First, there is skepticism regarding the ability of GVC investors to pick winners, because investors might lack the skills to perform successful selections or because of possible distortions of the investment strategies due to political interests (Brander et al. 2008).”