We review the growing literature on the relationship between venture capital (VC) booms
and start-up financing, focusing on three broad areas. First, we discuss the drivers of large …

Financial access is considered a crucial element of entrepreneurship. Much of the literature
focuses on how individual actors demand or supply finance, but rarely within the context of …

Drawing on signaling theory, this study provides preliminary evidence that prior financing
certifies firm quality to investors and reduces information asymmetries in equity …

This paper explores whether and how governmental venture capital investors (GVCs) spur
invention and innovation in young biotech companies in Europe. To gauge invention we …

Governments around the world have set up governmental venture capital (GVC) funds, and
are increasingly doing so, with the aims of fostering the development of a private venture …

This survey reviews the growing body of academic work on venture capital. It lays out the
major data sources used. It examines the work on venture capital investments in companies …

Abstract Using a new European Union-sponsored firm-level longitudinal dataset, we assess
the impact of government-managed (GVC) and independent venture capital (IVC) funds on …

Opportunity identification and exploitation are at the center of entrepreneurial activities
(Shane and Venkataraman 2000; Short et al. 2010; Zahra and Dess 2001). Such …

This paper examines the role of governmental venture capital firms (GVCs) in supporting
industries endorsed by the government. Specifically, we find that GVCs are more likely to …

Financing Africa takes stock of Africa's financial systems in light of recent changes in the
global financial system--including the greater risk aversion of international investors, a shift …