The Impact of Venture Capital on the Productivity Growth of European Entrepreneurial Firms: 'Screening' or 'Value added' Effect?

By Annalisa Croce, José Martí, Samuele Murtinu. 2013

331 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/5612b8c7f43ce813dd5c47f1739c1488c20b3022

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Citations in the corpus

Government, Venture Capital and the Growth of European High-Tech Entrepreneurial Firms (2014, methodology): “For example, VC financing is assumed to signal the quality of a firm to uninformed third parties, making it easier for the firm to obtain access to additional resources independently of the presence of a VC investor in the firm (Megginson and Weiss, 1991; Hsu, 2004; Croce et al., 2013).”
Does governmental venture capital spur invention and innovation? Evidence from young European biotech companies (2015, methodology): “…has been developed with the support of the 7th Framework Programme promoted by the European Commission (www.vicoproject.org), and it has been used by several recent works (e.g., Croce et al., 2013; Bertoni and Groh, 2014; Grilli and Murtinu, 2014; Cumming et al., 2014; Grilli and Murtinu, 2015).”
How does governmental versus private venture capital backing affect a firm's efficiency? Evidence from Belgium (2015, background): “Some recent research (Chemmanur et al., 2011; Croce et al., 2013) also documented that VC backing enhances a firm's productivity.”
Governmental and independent venture capital investments in Europe: a firm-level performance analysis (2017, methodology): “First, similarly to Chemmanur et al. (2011) and Croce et al. (2013), we inserted in our main specifications (Table 4, columns III and IV) three variables (IVCpre, GVCpre, SYNDpre), which are dummies that equal 1 in the years prior to the first VC investment - provided by an independent VC investor,…”
Is green the new gold? Venture capital and green entrepreneurship (2016, neutral): “Instead, VC fund partners might be more capable to mitigate the information asymmetry (Baum and Silverman 2004; Croce et al. 2013; Hellmann 2000), as well as take higher risks and invest in highly innovative and uncertain projects (e.g., Nahata 2008).”
Venture capital investments and the technological performance of portfolio firms (2016, neutral): “…support in the literature (Gorman and Sahlman, 1989; Sahlman, 1990; Bygrave and Timmons, 1992; Lerner, 1995; Keuschnigg and Nielsen, 2004; Croce et al., 2013), and is especially clear when they are compared, for example, to banks in the supply of external financing to small and…”
Governmental venture capital in Europe: Screening and certification (2016, methodology): “The independent variables include the entrepreneurial company’s age (Agei,t), size (TotalAssetsi,t-1) and number of patents (Patentsi,t-1) from the previous year in addition to country and industry dummies (see Croce et al. 2013 for a similar choice of matching variables in a similar context).”
R&D Subsidies as Dual Signals in Technological Collaborations (2019, methodology): “This test consists in estimating our main model specification in Table 4 augmented with a time-varying inverse Mills ratio (IMR) term (for a similar procedure, see, for instance, Croce et al., 2013; Grilli and Murtinu, 2015).”
Governmental venture capital for innovative young firms (2014, neutral): “…the importance of innovative young firms and of external financing for these firms, the crucial role played by VCs in fostering entrepreneurship is evident and has been documented by numerous studies (e.g. Colombo and Grilli 2010; Chemmanur et al. 2011; Puri and Zarutskie 2012; Croce et al. 2013).”
The patterns of venture capital investment in Europe (2015, methodology): “…2007; Bottazzi et al. 2008; Schwienbacher 2008; Schwienbacher et al. 2009; Alperovych and Hübner 2013; Bertoni et al. 2013; Devigne et al. 2013; Croce et al. 2013; Luukkonen et al. 2013; Bertoni and Tykvová 2015) have focused more on value creation by different types of VC investors than on…”