The impact of patenting on the size of high-tech firms: the role of venture capital and product market regulation

被引：0
|
作者：
Colombo M.G. [1 ]
Shafi K. [1 ]
机构：
来源：
Economia e Politica Industriale | 2016年 / 43卷 / 1期
关键词：
High-tech ventures; Innovation; Product market regulation; Public policy; Venture capital;
D O I：
10.1007/s40812-015-0023-4
中图分类号：
学科分类号：
摘要：
We investigate how public policies related to product market regulation (PMR) influence the ability of European young venture-capital (VC) backed firms compared to a sample of matched non-VC backed firms to grow in size in proportion to their innovative activity. Whereas VCs can presumably offer value-added services to overcome the regulatory constraints of PMR, we find that VC-backed firms relative to non-VC backed ones are more adversely sensitive to these policies. This evidence indicates that PMR impedes the most VC-backed firms’ high-potential for innovation-driven growth. © 2016, Associazione Amici di Economia e Politica Industriale.
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页码：85 / 103
页数：18
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