Impact of funding and value added on Spanish venture capital-backed firms

被引：14

作者：

Balboa, Marina ^{[1
]}

Marti, Jose ^{[2
]}

Zieling, Nina ^{[2
]}

机构：

[1] Univ Alicante, Alicante 03690, Spain

[2] Univ Complutense Madrid, Madrid 28223, Spain

来源：

INNOVATION-THE EUROPEAN JOURNAL OF SOCIAL SCIENCE RESEARCH | 2011年 / 24卷 / 04期

关键词：

economic impact; funding; growth; private equity; value added; venture capital; START-UP FIRMS; EMPIRICAL-EVIDENCE; PRIVATE FIRMS; PERFORMANCE; PORTFOLIO; INVESTMENTS; TECHNOLOGY; STRATEGY; FINANCE; ENTREPRENEURSHIP;

D O I：

10.1080/13511610.2011.628827

中图分类号：

C91 [社会学];

学科分类号：

030301 ; 1204 ;

摘要：

This paper contributes to the literature on the effect of venture capital (VC) on the economic development of areas in which those specialized investors are active. The work focuses on the separate consideration of two effects that are supposed to explain the superior performance of a large sample of Spanish VC-backed firms, namely funding and value-added services provided by VC managers to their investee firms. The results show that funding is significant regardless of the stage of development of the investee firm. The value added, however, is only significant for the subsample of firms at the expansion stage.

引用

页码：449 / 466

页数：18

共 50 条

[41] Innovation in Venture Capital Backed Clean-technology Firms in the UK
Parris, Stuart
Demirel, Pelin
[J]. STRATEGIC CHANGE-BRIEFINGS IN ENTREPRENEURIAL FINANCE, 2010, 19 (7-8): : 343 - 357
[42] The value added by government venture capital funds compared with independent venture capital funds
Luukkonen, Terttu
Deschryvere, Matthias
Bertoni, Fabio
[J]. TECHNOVATION, 2013, 33 (4-5) : 154 - 162
[43] Industry-relatedness, geographic proximity and strategic decisions of corporate and independent venture capital-backed companies
Mazza, Paolo
Shuwaikh, Fatima
[J]. JOURNAL OF SMALL BUSINESS MANAGEMENT, 2024, 62 (02) : 966 - 1003
[44] THE IMPACT OF THE AFFILIATION OF VENTURE CAPITAL FIRMS: A SURVEY
Andrieu, Guillaume
[J]. JOURNAL OF ECONOMIC SURVEYS, 2013, 27 (02) : 234 - 246
[45] The Equilibrium Size and Value-Added of Venture Capital
Sannino, Francesco
[J]. JOURNAL OF FINANCE, 2024, 79 (02): : 1297 - 1352
[46] Schumpeterian entrepreneurial digital identity and funding from venture capital firms
Block, Joern H.
Fisch, Christian
Diegel, Walter
[J]. JOURNAL OF TECHNOLOGY TRANSFER, 2024, 49 (01): : 119 - 157
[47] Schumpeterian entrepreneurial digital identity and funding from venture capital firms
Jörn H. Block
Christian Fisch
Walter Diegel
[J]. The Journal of Technology Transfer, 2024, 49 : 119 - 157
[48] Stage financing and syndication in the IPO underpricing of venture-backed firms: Venture capital and IPO underpricing
Honorine, Awounou-N'dri
Emmanuelle, Dubocage
[J]. INTERNATIONAL JOURNAL OF ENTREPRENEURSHIP AND INNOVATION, 2019, 20 (04): : 289 - 300
[49] Regional Recipes: A Configurational Analysis of the Regional Entrepreneurial Ecosystem for U.S. Venture Capital-Backed Startups
Vedula, Siddharth
Fitza, Markus
[J]. STRATEGY SCIENCE, 2019, 4 (01) : 4 - 24
[50] Are venture capitalists firefighters? A study of the influence and impact of venture capital firms
Fredriksen, O
Olofsson, C
Wahlbin, C
[J]. TECHNOVATION, 1997, 17 (09) : 503 - 511

← 1 2 3 4 5 →