Boom and Bust in the Venture Capital Industry and the Impact on Innovation

By Josh Lerner. 2002

168 citations recorded by the source corpus.

Subfields: Accounting, Management Information Systems

View Paper: https://www.semanticscholar.org/paper/44ec0e2e87f05d44aec3d32567e6ecc68c9448b8

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In Accounting

1. C. Keuschnigg
2. V. Kanniainen
3. Weixi Liu
4. Gil Avnimelech
5. Morris Teubal
6. G. Hübner
7. Ning Zhang
8. Fabrice Lobet

In Management Information Systems

1. Gil Avnimelech
2. V. Kanniainen
3. C. Keuschnigg
4. Morris Teubal

Citations in the corpus

• Assessing the impact of public venture capital programmes in the United Kingdom: : Do regional characteristics matter? (2015, unknown): “…intervention to improve the access of small firms to equity financing is usually rooted in the financing gap argument, that is the limited availability of private venture capital investments in high-tech, early stage companies (Lerner, 2002b; Lockett et al., 2002; Wright and Robbie, 1998).”
• Creating venture capital industries that co-evolve with high tech: Insights from an extended industry life cycle perspective of the Israeli experience (2006, methodology): “The industry may refocus towards later stages and fewer technological areas in-order to reduce risk (Gompers, 1994).”
• Contracts and Exits in Venture Capital Finance (2008, unknown): “…the long-term performance of European VC IPO and acquisition exits depending on the role of the VC fund(s) pre- and post-exit, and on the nature of financial contracts between entrepreneurs and VCs and would be fruitful (see Gompers and Lerner, 1999, 2001, 2002, for related U.S.-based VC research).”
• Start-Up Investment with Scarce Venture Capital Support (2004, background): “With a larger number of firms to attend, she advises each single entrepreneur less intensively and accepts a higher failure rate.”
• Private equity returns and disclosure around the world (2010, unknown): “2) is consistent with that reported elsewhere (see, e.g., Gompers and Lerner, 1999, and Lerner, 2002a,”
• How does governmental versus private venture capital backing affect a firm's efficiency? Evidence from Belgium (2015, background): “Despite the seemingly modest volumes of VC investments compared with the rest of capital flows, the consequences of such financing are quite substantial (Lerner, 1999, 2002b, 2009).”
• Did firm age, experience, and access to finance count? SME performance after the global financial crisis (2018, background): “…and relevance in many different areas of economics and management studies given the significance of small and medium enterprises (SMEs) in job creation, innovation and economic growth (Acs & Storey, 2004; Audretsch & Keilbach, 2004; Audretsch et al., 2008; Davila, et al., 2003; Lerner, 1999, 2002).”
• The Effect of Capital Market Characteristics on the Value of Start-Up Firms (2004, unknown): “The venture capital industry is highly cyclical, with periodic changes in supply and demand conditions (Gompers and Lerner, 1999; Lerner, 2002).”