Venture Capital Financing and the Growth of High-Tech Start-Ups: Disentangling Treatment from Selection Effects

By F. Bertoni, Massimo G. Colombo, Luca Grilli. 2011

415 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/0cc408e67c4a918342ca2146e021a50c08411b5c

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

In Economics and Econometrics

Citations in the corpus

The Relationship between Slack Resources and the Performance of Entrepreneurial Firms: The Role of Venture Capital and Angel Investors (2013, neutral): “Additionally, prior research suggests that most value added by VC investors is created in the first years after initial investment (Bertoni et al., 2011) and that exits start to emerge from three years after the investment (Puri and Zarutskie, 2012).”
Government, Venture Capital and the Growth of European High-Tech Entrepreneurial Firms (2014, background): “The available empirical evidence points steadily toward a positive impact of VCs on firm growth (e.g., Bertoni et al., 2011; Puri and Zarutskie, 2012).”
Governmental venture capital for innovative young firms (2014, neutral): “A growing literature has examined the treatment effect (Bertoni et al. 2011, 2013) of GVC investments in portfolio firms.”
The Schumpeterian entrepreneur: a review of the empirical evidence on the antecedents, behaviour and consequences of innovative entrepreneurship (2017, positive): “Bertoni, Colombo, and Grilli (2011) explicitly disentangle this selection and treatment effect of VC financing on start-up innovation.”
What do we know about entrepreneurial finance and its relationship with growth? (2015, background): “Traditional financial VCs, rather than corporate VCs, appear to generate employment and sales revenue growth in their portfolio companies (Bertoni et al., 2011).”
Does governmental venture capital spur invention and innovation? Evidence from young European biotech companies (2015, methodology): “The generalized method of moments is widely adopted in the growth and productivity literature to control for the endogenous nature of VC (see, e.g., Bertoni et al., 2011; Grilli and Murtinu, 2014).”
Does venture capital really foster innovation (2014, background): “So far, few studies have dealt with the potential endogenous relationship (Popov and Rossenboom, 2012; Bertoni et al., 2011; Samila and Sorenson, 2011). However, most of these studies do not consider the dynamic nature of the data that typically characterizes innovation and, specifically, patents co”