How does governmental versus private venture capital backing affect a firm's efficiency? Evidence from Belgium

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Governmental venture capital in Europe: Screening and certification (2016, background): “Evidence from recent contributions suggests a negligible impact of the “go it alone” strategy of GVC on the performance of investee companies, in terms of exits (Cumming et al. 2014), sales and employee growth (Grilli and Murtinu 2014) and productivity (Alperovych et al. 2015).”