RT Journal Article
T1 The impact of venture capital on the productivity growth of European entrepreneurial firms: 'Screening' or 'value added' effect?
A1 Croce, Annalisa
A1 Martí Pellón, José Pedro
A1 Murtinu, Samuele
AB 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.
PB Elsevier
SN 0883-9026
YR 2012
FD 2012
LK https://hdl.handle.net/20.500.14352/91656
UL https://hdl.handle.net/20.500.14352/91656
LA eng
NO 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.
NO European Commission
DS Docta Complutense
RD 21 abr 2025