Governmental venture capital in Europe: Screening and certification
Abstract
This paper investigates the screening and certification abilities of government-managed venture capital (GVC) firms in Europe. Using a sample of European high-tech entrepreneurial companies, we show that GVC funding increases the likelihood that companies will receive private venture capital (PVC). Moreover, GVC-funded companies that have received a first round of PVC are at least as likely as other PVC-backed companies to receive a second round...
Paper Details
Title
Governmental venture capital in Europe: Screening and certification
Published Date
Mar 1, 2016
Volume
31
Issue
2
Pages
175 - 195
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