Firm Level Implications of Early Stage Venture Capital Investment – An Empirical Investigation –

By D. Engel, M. Keilbach. 2007

494 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/f6e5b4180bb531f7af91937c32040f8203f5db02

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Citations in the corpus

Signaling by early stage startups: US government research grants and venture capital funding (2018, background): “Previous research has demonstrated that startups with higher numbers of patents are more likely to obtain VC funding (Kortum and Lerner, 2000; Engel and Keilbach, 2007; Cockburn and MacGarvie, 2009).”
The impact of venture capital on innovation behaviour and firm growth (2010, unknown): “In another application of statistical matching procedures, Engel and Keilbach (2007) use firm data to examine the influence of venture capital financing on innovation behaviour, specifically on the number of patent registrations at the German patent office.”
Venture Capital and Innovation: Which is First? (2008, unknown): “This result is consistent with Engel and Keilbach (2007) and Caselli et al. (2009), who find significant slowdown of patenting activities once patenting firms obtain VC funding.”
Financial Constraints and Other Obstacles: are they a Threat to Innovation Activity? (2008, unknown): “For instance, Engel and Keilbach (2007) state that between 1995 and 2000 the volume of newly closed deals by venture capital in Germany increased by a factor 8, in the years between 2001 and 2004 however it decreased.”
Governmental venture capital in Europe: Screening and certification (2016, methodology): “One way to address this endogeneity is to use a matching procedure to select an appropriate counterfactual, a method that is commonly undertaken in the VC literature (e.g., Megginson and Weiss 1991; Engel and Keilbach 2007; Croce et al. 2013).”
Venture Capital Financing and the Growth of High-Tech Start-Ups: Disentangling Treatment from Selection Effects (2011, background): “…cross-sectional regressions to compare the growth rates of sales, employment or total assets of VC-backed and non-VC-backed firms (see e.g. Jain and Kini, 1995; Manigart and Van Hyfte, 1999; Audretsch and Lehmann, 2004; Alemany and Martì, 2005; Engel and Keilbach, 2007; Puri and Zarutskie, 2008).”
The diminishing signaling value of patents between early rounds of venture capital financing (2014, background): “2 increase the amounts invested in firms that own them (Audretsch et al., 2012; Baum and Silverman, 2004; Cao and Hsu, 2011; Conti et al., 2013; Engel and Keilbach, 2007; Häussler et al., 2009; Hsu and Ziedonis, 2013; Mann and Sager, 2007).”
Financing technology-based small firms in Europe: what do we know? (2012, background): “According to Engel and Keilbach (2007), German venture-backed firms display faster employment growth than their nonventure-backed peers after controlling for endogeneity - showing that venture capitalists are both coaches and scouts.”
Does governmental venture capital spur invention and innovation? Evidence from young European biotech companies (2015, background): “On one hand, the research suggests that VCs are attracted by innovative companies (Baum and Silverman, 2004; Engel and Keilbach, 2007; Hirukawa and Ueda, 2011).”
From Minds to Markets (2012, result): “Using representative secondary data on VC-backed ventures founded in Germany (data of the German Foundation Panel; cf. Engel & Keilbach, 2002), we also compared the industry distribution of firms represented in our sample with the general population of VC-backed start-ups.”
The problem of private under-investment in innovation: A policy mind map (2008, unknown): “Of related interest, Engel and Keilbach (2007) examine the impact of venture capital on the number of patent applications.”
Determinants of Cross-Border Venture Capital Investments in Emerging and Developed Economies: The Effects of Relational and Institutional Trust (2015, unknown): “…due-diligence, as well as the post-deal monitoring and value-adding phase of a venture investment (Cumming and Dai 2010; Davila et al. 2003; Engel and Keilbach 2007; Jääskeläinen et al. 2006; Kanniainen and Keuschnigg 2003, 2004; Mäkelä and Maula 2008; Sapienza 1992; Sapienza et al.…”