Assessing the Contribution of Venture Capital to Innovation

By Samuel Kortum, Josh Lerner. 2000

2,077 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Management of Technology and Innovation

View Paper: https://www.semanticscholar.org/paper/f117fed8fc0dc6566d01afee799792b9b3ed634a

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Citations in the corpus

Venture Capital in Europe and the Financing of Innovative Companies (2002, background): “Very importantly, venture-backed companies produce more, and more valuable, patents than non venture-backed firms (Kortum and Lerner, 2000).”
The Influence of National Culture and Institutional Voids on Family Ownership of Large Firms: A Country Level Empirical Study (2009, neutral): “2a).”
Picking winners or building them? Alliance, intellectual, and human capital as selection criteria in venture financing and performance of biotechnology startups (2004, background): “, 1990) on facilitating the success of specific entrepreneurial ventures (Jain and Kini, 1995) and on the rate and nature of innovation itself (Kortum and Lerner, 2000).”
Profit distribution and compensation structures in publicly and privately funded hybrid venture capital funds (2007, background): “…private sector investors creates positive, indirect returns to the government (Achleitner and Klöckner, 2005; Alemany and Martí, 2005; BVCA, 2004a, 2004b; Engel and Keilbach, 2002; European Commission, 2003; EVCA, 2002; Kortum and Lerner, 2000; NVCA, 2002; Romain and van Pottelsberghe, 2004).”
To Be Financed or Not : The Role of Patents for Venture Capital Financing (2009, positive): “The relevance of patents for companies attempting to ob ain financial resources, especially in their ea ly stages, has previously been noted in the literature (Hayes 1999, Lemley 2000).”
Models of knowledge and systems of governance (2005, background): “Venture capital in fact can work only if financial markets are ready to offer an opportunity to dispose of the shares of new companies after incorporation and eventual market success (Lerner, 1995; Kortum and Lerner, 2000 ).”
Taxation of a Venture Capitalist with a Portfolio of Firms (2004, neutral): “According to Kortum and Lerner (2000) , a dollar of R&D spending creates more patents and more radical innovations than the same expenditure in other firms.”
Banking Deregulation and Innovation (2013, background): “Second, innovation is a fountainhead of economic growth and a significant body of empirical evidence shows that young, private firms are key drivers of path-breaking innovation (e.g., Akcigit and Kerr, 2011; Acs and Audretsch, 1987, 1988, 1993; Zucker, Darby and Brewer, 1998; Kortum and Lerner, 2000”
Accelerating Entrepreneurs and Ecosystems: The Seed Accelerator Model (2016, background): “For example, while research has shown that an increase in VC allocation to a region can have a direct impact on economic growth (Samila and Sorenson 2011) and innovation (Kortum and Lerner 2000), less is known about the policies and interventions that shift VCs’ supply preferences across regions.”
Start-Up Investment with Scarce Venture Capital Support (2004, background): “Vesa Kanniainen University of Helsinki Department of Economics P.O.Box 54 00014 University of Helsinki Finland Kanniain@valt.helsinki.fi Christian Keuschnigg University of St. Gallen (IFF) Varnbuelstraße 19 9000 St. Gallen Switzerland christian.keuschnigg@unisg.ch”