Government policy towards entrepreneurial finance: Innovation investment funds

By Douglas J. Cumming. 2007

364 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/4c2f01d5d439c086d9079a0fbdf233791486dabb

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 Finance

Citations in the corpus

Which renewable energy policy is a venture capitalist's best friend? Empirical evidence from a survey of international cleantech investors (2009, background): “The first result provides empirical support for an observation in the venture capital literature that ‘‘designing an effective governmental venture capital program is not an easy task’’ (Cumming, 2007), and yet it is striking to see the low level of support for government venture capital funds from ”
Governmental venture capital in Europe: Screening and certification (2016, background): “Regarding hybrid funds, evidence from the Australian Innovation Investment Fund (IIF) program suggests improved performance of the funded companies in terms of R&D, patents, time to initial public offering and market capitalization (Cumming 2007; Cumming and Johan 2014).”
The patterns of venture capital investment in Europe (2015, background): “See Cumming 2007 for an exception).16 16 One possible reason for this result is that GVC investors provide limited value-enhancing services to investee companies (Luukkonen et al. 2013).”
Government, Venture Capital and the Growth of European High-Tech Entrepreneurial Firms (2014, background): “…invests alongside other private and institutional investors: e.g., the Australian Innovation Investment Funds (IIFs) (for more details, see Cumming, 2007 and Cumming and Johan, 2012), the Danish fund Vækstfonden, the Fund for the Promotion of Venture Capital in France, the German fund…”
Formal institutions, culture, and venture capital activity: A cross-country analysis (2012, neutral): “…studies have also examined the demand-side vs. supply-side factors affecting VC activity for a particular country, such as the “Labour Sponsored Venture Capital Corporation” program in Canada (Cumming and MacIntosh, 2006) and the Innovation Investment Fund program in Australia (Cumming, 2007).”
How does governmental versus private venture capital backing affect a firm's efficiency? Evidence from Belgium (2015, background): “These initiatives may take three general forms: regulatory framework (“law”), indirect framework, and direct investment schemes (Cumming, 2007; Cumming and Li, 2013; Keuschnigg and Bo Nielsen, 2001).”
Determinants of Cross-Border Venture Capital Investments in Emerging and Developed Economies: The Effects of Relational and Institutional Trust (2015, critical): “Although some initiatives have reached their goals, many such policies have not been found to be successful (Cumming 2003, 2006b, 2007a, b, 2011).”
Governmental venture capital for innovative young firms (2014, neutral): “Establishment of the IIF program in 1997 led to more investments in subsequent years, even after the collapse of the Internet bubble (Cumming 2007).”
Incentive mechanism for inhibiting investors' opportunistic behavior in PPP projects (2016, background): “…a particular project in which the rights and obligations of all parties are determined in the form of a contract and also the private enterprises can reap reasonable profits while providing high-quality facilities and services to the public (Cumming, 2007; Ke et al., 2010a,b; Li and Zhang, 2002).”
Assessing the impact of public venture capital programmes in the United Kingdom: : Do regional characteristics matter? (2015, positive): “Cumming (2007) studies the performance of companies funded under the Innovation Investment Fund (IIF) governmental program in Australia relative to those backed by other types of private equity and venture capital funds, presenting positive evidence of the fact that the IIF has fostered the developm”
The Schumpeterian entrepreneur: a review of the empirical evidence on the antecedents, behaviour and consequences of innovative entrepreneurship (2017, positive): “Cumming and Fischer (2012) study the effect of a Canadian governmental program to provide business advisory services and coaching to early stage firms that are growth and innovation oriented. They use various econometric methods to address the self-selection of start-ups that use the provided servic”
Innovation-driven industrial green development: The moderating role of regional factors (2019, background): “In terms of administrative functions, government-scale expansion strengthens environmental regulation effects, which are essential in compelling enterprises to adopt environmentally friendly practices (Cumming, 2007).”
Profit distribution and compensation structures in publicly and privately funded hybrid venture capital funds (2007, background): “Examples of such programs include Israeli Yozma (Avnimelech et al., 2006), Innovation Investment Funds program in Australia (Cumming, 2006), New Zealand Venture Investment Fund program (Lerner et al., 2005), and most recently the Enterprise Capital Funds program in the United Kingdom.”