How does governmental versus private venture capital backing affect a firm's efficiency? Evidence from Belgium
peer reviewed ; We investigate the implications of venture capital (VC) investor type (government or private) on the operating efficiency of a sample of 515 Belgian portfolio firms up to 3 years after the investment. We find that the government VC-backed firms display significant reductions in productivity. No significant differences in efficiency are found in firms backed by private VC compared with their non-VC-backed peers. Finally, significant reductions in efficiency exist in targets of government VC compared to their non-VC-backed peers.
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Dokumenttyp: | journal article |
Erscheinungsdatum: | 2015 |
Verlag/Hrsg.: |
Elsevier Science
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Schlagwörter: | Venture capital / Efficiency / Data envelopment analysis / Fund type / Public investor / Business & economic sciences / Finance / Sciences économiques & de gestion |
Sprache: | Englisch |
Permalink: | https://search.fid-benelux.de/Record/base-28542365 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | https://orbi.uliege.be/handle/2268/174889 |