Venture Capital And Productivity

Topics:
Organization
Tags:
Finance,
Financing Startups,
Innovation,
Investment,
Venture Capital,
Venture Capital Investment
Source:
University of Wisconsin

FREE Registration is required

Overview: Policy makers typically interpret positive relations between venture capital investments and innovations as evidence that venture capital investments stimulate innovation (VC-first hypothesis). This interpretation is, however, one-sided because there may be a reverse causality that innovations induce venture capital investments (innovation-first hypothesis): an arrival of new technology increases demands for venture capital by driving new firm startups. This causality issue of venture capital investments and innovation in the US manufacturing industry is analyzed using Total Factor Productivity (TFP) growth as a measure of innovation. Using a panel AR regression, it was found that TFP growth is significantly and positively associated with subsequent venture capital investments. Interestingly, venture capital investments are negatively associated with one-year lagged TFP growth.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: PDF | Size: 316KB | Date: Sep 2003 | Pages: 51

People who downloaded this item also downloaded

White Paper Public Policy and Venture Capital Backed Innovation
White Paper Essays on the Valuation and Syndication of Venture Capital Investments
White Paper The Steps to a Successful Venture Capital Financing Round
White Paper Three Keys to Obtaining Venture Capital
White Paper Venture-Capital Financing and the Growth of Startup Firms

Top results from Organization

White Paper Organizational Goal Alignment in Ten Easy Steps
Tools & Templates Use this action item log to keep project team meetings on task
Tools & Templates Clarify project roles with this simple responsibility matrix
Download Crash Course: Microsoft Word
Presentation Microsoft Office Professional Plus 2007 Demo

» View all Organization listings

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement

Returning users: Log In Here!

Already registered on BNET, TechRepublic, or ZDNet? Simply log in.

Free Membership: Sign Up Now!

Sign up for a free membership today and get instant and unlimited access to one of the largest databases of white papers, webcasts, and casestudies anywhere. Your FREE membership allows you to:

  • Download an unlimited amount of content, including classic and current white papers, case studies, webcasts and more
  • Track content on your chosen topics of interest
  • Receive targeted email alerts when your favorite content is added
  • Save content for future reading
  • Receive our member newsletter

When you register to access this directory, you become a member of BNET. In addition, you allow us to share your information with companies that produce products or services featured in the library--so that such companies may contact you with information and offers regarding their products and services. This enables us to keep the library a free service. As a directory registrant, you will receive a complimentary subscription to the BNET member newsletter, The BNET Report. You can unsubscribe from this newsletter at any time. By clicking the Sign up button, you indicate that you agree to our Terms and Conditions and have read and understand our Privacy Policy (updated).