The impact of venture capital on the persistence of innovation activities of start-ups
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Author / Producer
Date
2014-04
Publication Type
Journal Article
ETH Bibliography
yes
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Abstract
In this study we investigate the impact of early stage venture capital on innovation activities of start-ups. This is done based on a cohort of start-ups that is representative of all firms founded in Switzerland in 1996/97, as recorded by a census of the Swiss Federal Statistical Office for this period. We analyze not only the impact of early stage venture capital on innovation performance 3 years after firm foundation, but also 6 and 9 years after firm start, respectively, for those firms that survived and reported continuously innovation activities (persistence of innovation). The results support neither the hypothesis of a positive impact on initial innovation activities nor the hypothesis of a positive time-persistent effect on innovation performance of start-ups.
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Publication status
published
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Editor
Book title
Journal / series
Volume
42 (4)
Pages / Article No.
849 - 870
Publisher
Springer
Event
Edition / version
Methods
Software
Geographic location
Date collected
Date created
Subject
Venture capital; Start-ups; Innovation performance
Organisational unit
02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
Notes
It was possible to publish this article open access thanks to a Swiss National Licence with the publisher.