How Does Venture Capital Financing Improve Efficiency in Private Firms? A Look Beneath the Surface

By Thomas J. Chemmanur, Karthik Krishnan, Debarshi K. Nandy. 2011

559 citations recorded by the source corpus.

Subfields: Accounting, Management of Technology and Innovation

View Paper: https://www.semanticscholar.org/paper/90ddc13ccdc9569548a5fa5016d406186032c311

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Citations in the corpus

Governmental venture capital for innovative young firms (2014, unknown): “…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).”
Governmental venture capital in Europe: Screening and certification (2016, methodology): “The endogenous switching regression model (see Chemmanur et al. 2011, for an application in the VC context) allows us to better control for the unobservable characteristics that affect the probability that an entrepreneurial company will receive GVC financing and the probability that the company…”
The role of venture capital in the emerging entrepreneurial finance ecosystem: future threats and opportunities (2019, background): “Research on this topic is proceeding but it will take time for the results and policy suggestions to be implemented on a homogeneous basis all over the world (Bruton et al. 2015; Fraser, Bhaumik, and Wright 2015; Dushnitsky et al. 2016; Klöhn, Hornuf, and Schilling 2016; Cumming and Vismara 2017).”
The Impact of Venture Capital on the Productivity Growth of European Entrepreneurial Firms: 'Screening' or 'Value added' Effect? (2013, unknown): “Regarding productivity measures, Alemany and Martí (2006) used measures of partial productivity (i.e. capital and labor productivities), whereas Chemmanur et al. (2011) and Colombo et al. (2012) resorted to total factor productivity (TFP, henceforth).”
Venture Capital Investment And The Performance Of Entrepreneurial Firms: Evidence From China (2013, methodology): “However, as stated by Chemmanur et al. (2011), the PSM approach may only deal with observable variables.”
A comparison of the effect of angels and venture capitalists on innovation and value creation (2016, methodology): “…Chemmanur et al. (2010), who used difference-in-differences to measure changes in firm employment, and capital expenditure around the IPO event, and Chemmanur et al. (2011) who used switching regression to measure a firm’s change in total factor productivity subsequent to receiving venture…”
The Consequences of Entrepreneurial Finance: Evidence from Angel Financings (2014, unknown): “2 A similar approach is taken in Puri and Zarutskie (2008) and Chemmanur et al. (2009) who employ comprehensive Census Bureau records of private firms to form more detailed control groups based on observable characteristics.”
The Relationship between Slack Resources and the Performance of Entrepreneurial Firms: The Role of Venture Capital and Angel Investors (2013, unknown): “Second, both VC and angel investors will generally dvocate running firms in the most efficient way possible (Berkus, 2006; Chemmanur et al., 2011).”
Governmental and independent venture capital investments in Europe: a firm-level performance analysis (2017, methodology): “, 2013); ii) from t-4 to t - with t representing the VC investment year - and 0 otherwise (Chemmanur et al., 2011); or iii) in all years prior to the first VC investment.”
The Impact of Venture Capital Monitoring: The Impact of Venture Capital Monitoring (2015, unknown): “Much of this literature tries to disentangle VC monitoring from screening by comparing outcomes of VC-backed and non-VC-backed companies (e.g., Hellmann and Puri, 2000; Chemmanur et al., 2011a; Hellmann and Puri, 2002; Puri and Zarutskie, 2012).”
Venture Capital Financing and the Growth of High-Tech Start-Ups: Disentangling Treatment from Selection Effects (2011, background): “…is independent of these market-level characteristics and thus they are a source of exogenous variation (in a similar vein see Bottazzi et al., 2008; Chemmanour et al., 2008; Ivanov and Xie, 2010).9 Second, as illustrated in Section 4.2, we estimate a selection equation for the hazard rate of NTBFs…”
The Causes and Consequences of Venture Capital Stage Financing (2011, unknown): “working with the firm’s top management on day-to-day operations [see Chemmanur et al. (2009) for evidence regarding how VC investors improve the efficiency of entrepreneurial firms].”