Venture capital and new business creation
Venture capital and new business creation
复制标题
DOI：
10.1016/j.jbankfin.2013.08.010
复制
发表时间：
2013-12
影响因子：
3.7
通讯作者：
A. Popov;Peter Roosenboom
中科院分区：
文献类型：
--
作者：
A. Popov;Peter Roosenboom
利用1998-2008年间21个欧洲国家的公司的综合数据库，我们发现风险投资对新企业的创建率有正向影响。在进入成本更高、知识产权保护更高、资本利得税更低的国家，情况尤其如此。我们的结果表明，在控制国家和行业特征的情况下，风险投资有利于以新公司的形式将新想法引入市场。
Using a comprehensive database of firms from 21 European countries over the period 1998–2008, we find that venture capital investment has a positive effect on the rate of new business creation. This is especially true in countries with higher entry costs, higher protection of intellectual property rights, and lower taxes on capital gains. Our results suggest that, controlling for country and industry characteristics, venture capital is beneficial to bringing new ideas to the marketplace in the shape of new companies.