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Does venture capital really foster innovation?

Ana Faria () and Natália Barbosa ()

Economics Letters, 2014, vol. 122, issue 2, 129-131

Abstract: 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.

Keywords: Venture capital; Innovation; Dynamic panel data (search for similar items in EconPapers)
JEL-codes: O31 G30 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:122:y:2014:i:2:p:129-131

DOI: 10.1016/j.econlet.2013.11.014

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