全部 标题 作者
关键词 摘要

OALib Journal期刊
ISSN: 2333-9721
费用:99美元

查看量下载量

相关文章

更多...
-  2019 

Innovation in newly public firms: The influence of government grants, venture capital, and private equity

DOI: 10.1177/0312896218802611

Keywords: Grants,innovation,patents,private equity,R&D,venture capital

Full-Text   Cite this paper   Add to My Lib

Abstract:

We investigate the influence of government grants, venture capital (VC), and private equity (PE) funding on innovation in newly public firms. We examine innovation inputs (R&D), innovation outputs (patents), and the quality thereof (patent citations). We contribute to understanding of the mechanisms between government grants and subsequent VC and PE funding and innovation. We find that grants encourage VC funding but not PE funding. Grants and VC/PE funding are generally complements regarding innovation except grants substitute for VC funding on innovation inputs. Furthermore, we observe that the firm-level heterogeneity of VC/PEs significantly influences innovation in portfolio companies. JEL Classification: G24, G32, L53, O31, O3

Full-Text

Contact Us

service@oalib.com

QQ:3279437679

WhatsApp +8615387084133