The impact of venture capital on the productivity growth of European entrepreneurial firms: 'Screening' or 'value added' effect?
| dc.contributor.author | Croce, Annalisa | |
| dc.contributor.author | Martí Pellón, José Pedro | |
| dc.contributor.author | Murtinu, Samuele | |
| dc.date.accessioned | 2023-12-21T09:26:05Z | |
| dc.date.available | 2023-12-21T09:26:05Z | |
| dc.date.issued | 2012 | |
| dc.description.abstract | We aim to ascertain to what extent the better performance of European venture capital (VC)- backed firms in high-tech industries is due to either ‘screening’ or ‘value added’ provided by VC investors. We compare portfolio firms’ productivity growth before and after the first VC round, using a matched control group as benchmark. We show that productivity growth is not significantly different between VC and non-VC-backed firms before the first round of VC financing, whereas significant differences are found in the first years after the investment event. We also find that the value-adding services provided by VC investors 'imprint' the portfolio firm. | eng |
| dc.description.department | Depto. de Administración Financiera y Contabilidad | |
| dc.description.faculty | Fac. de Ciencias Económicas y Empresariales | |
| dc.description.refereed | TRUE | |
| dc.description.sponsorship | European Commission | |
| dc.description.status | pub | |
| dc.identifier.citation | Croce, Annalisa, José Martí, y Samuele Murtinu. «The Impact of Venture Capital on the Productivity Growth of European Entrepreneurial Firms: ‘Screening’ or ‘Value Added’ Effect?» Journal of Business Venturing 28, n.o 4 (julio de 2013): 489-510. https://doi.org/10.1016/j.jbusvent.2012.06.001. | |
| dc.identifier.doi | 10.1016/j.jbusvent.2012.06.001 | |
| dc.identifier.essn | 1873-2003 | |
| dc.identifier.issn | 0883-9026 | |
| dc.identifier.officialurl | https://doi.org/10.1016/j.jbusvent.2012.06.001 | |
| dc.identifier.relatedurl | https://www.sciencedirect.com/science/article/abs/pii/S0883902612000705 | |
| dc.identifier.uri | https://hdl.handle.net/20.500.14352/91656 | |
| dc.issue.number | 4 | |
| dc.journal.title | Journal of Business Venturing | |
| dc.language.iso | eng | |
| dc.page.final | 510 | |
| dc.page.initial | 489 | |
| dc.publisher | Elsevier | |
| dc.relation.projectID | info:eu-repo/grantAgreement/EC/FP7/217485 | |
| dc.rights | Attribution-NonCommercial-NoDerivatives 4.0 International | en |
| dc.rights.accessRights | open access | |
| dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/4.0/ | |
| dc.subject.cdu | 336.7 | |
| dc.subject.jel | G24 | |
| dc.subject.jel | D24 | |
| dc.subject.jel | M13 | |
| dc.subject.jel | C23 | |
| dc.subject.keyword | Venture capital | |
| dc.subject.keyword | Entrepreneurial firms | |
| dc.subject.keyword | Productivity | |
| dc.subject.keyword | Screening | |
| dc.subject.keyword | Value added | |
| dc.subject.keyword | Imprinting effect | |
| dc.subject.ucm | Empresas | |
| dc.subject.ucm | Finanzas | |
| dc.subject.unesco | 5304.06 Dinero y Operaciones Bancarias | |
| dc.subject.unesco | 5306 Económica del Cambio Tecnológico | |
| dc.title | The impact of venture capital on the productivity growth of European entrepreneurial firms: 'Screening' or 'value added' effect? | |
| dc.type | journal article | |
| dc.type.hasVersion | AM | |
| dc.volume.number | 28 | |
| dspace.entity.type | Publication | |
| relation.isAuthorOfPublication | d628d18e-31b7-4971-b41a-c381126a3870 | |
| relation.isAuthorOfPublication.latestForDiscovery | d628d18e-31b7-4971-b41a-c381126a3870 |
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