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00925njm 22002777a 4500 dc Croce, Annalisa author Martí Pellón, José Pedro author Murtinu, Samuele author 2012 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. 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. 0883-9026 10.1016/j.jbusvent.2012.06.001 https://hdl.handle.net/20.500.14352/91656 1873-2003 https://doi.org/10.1016/j.jbusvent.2012.06.001 https://www.sciencedirect.com/science/article/abs/pii/S0883902612000705 The impact of venture capital on the productivity growth of European entrepreneurial firms: 'Screening' or 'value added' effect?