Innovation financing and corporate financial performance - a similar path for public and private venture capital
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6 octobre 2022
- handle: 10670/1.lh3onb
- hal: hal-04186293
Mots-clés
venture capital public-private financial performance G - Financial Economics/G.G2 - Financial Institutions and Services/G.G2.G24 - Investment Banking • Venture Capital • Brokerage • Ratings and Ratings Agencies L - Industrial Organization/L.L2 - Firm Objectives, Organization, and Behavior/L.L2.L25 - Firm Performance: Size, Diversification, and Scope L - Industrial Organization/L.L3 - Nonprofit Organizations and Public Enterprise/L.L3.L32 - Public Enterprises • Public-Private Enterprises -fin]/Computational Finance [q-fin.CP]Sujets proches
Records, Sports Athletics--Records Sports--Records Sports ability Performance Happening Réussite sportive Performance Succès sportif Performance sportiveCiter ce document
Jonathan Labbé, « Innovation financing and corporate financial performance - a similar path for public and private venture capital », HAL-SHS : économie et finance, ID : 10670/1.lh3onb
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Résumé
This paper presents the effects of mixed syndication financing on the innovation and financial performance of start-ups. To this end, we have constructed a database of 585 financings carried out in 322 firms over a period of fifteen years. Using the level of research and development (R&D) expenditures, patent filings as a measure of innovation and ROA, ROI as measure of financial performance we try to observe if innovation financing and corporate financial performance constitute a similar path for public and private venture capital.