Does venture capital really foster innovation?

被引：126

作者：

Faria, Ana Paula ^{[1
]}

Barbosa, Natalia ^{[1
]}

机构：

[1] Univ Minho, Sch Econ & Management, Dept Econ, Econ Policies Res Unit NIPE, P-4710057 Braga, Portugal

来源：

ECONOMICS LETTERS | 2014年 / 122卷 / 02期

关键词：

Venture capital; Innovation; Dynamic panel data; PANEL-DATA; MODELS;

D O I：

10.1016/j.econlet.2013.11.014

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Using panel data of 17 European Union countries, we find robust empirical support for a positive impact of venture capital on innovation. After controlling for the potential endogenous relationship between venture capital and innovation, the results indicate that venture capital fosters innovation but mainly at a later stage. (C) 2013 Elsevier B.V. All rights reserved.

引用

页码：129 / 131

页数：3

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