The impact of venture capital on the persistence of innovation activities of start-ups

Arvanitis, Spyros; Stucki, Tobias (2014). The impact of venture capital on the persistence of innovation activities of start-ups Small Business Economics, 42(4), pp. 849-870. 10.1007/s11187-013-9499-3

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In this study we investigate the impact of early stage venture capital on innovation activities of start-ups. This is done based on a cohort of start-ups that is representative of all firms founded in Switzerland in 1996/97, as recorded by a census of the Swiss Federal Statistical Office for this period. We analyze not only the impact of early stage venture capital on innovation performance 3 years after firm foundation, but also 6 and 9 years after firm start, respectively, for those firms that survived and reported continuously innovation activities (persistence of innovation). The results support neither the hypothesis of a positive impact on initial innovation activities nor the hypothesis of a positive time-persistent effect on innovation performance of start-ups.

Item Type:	Journal Article (Original Article)
Division/Institute:	Business School > Institute for Sustainable Business Business School
Name:	Arvanitis, Spyros and Stucki, Tobias0000-0002-2400-0107
ISSN:	0921-898X
Submitter:	Tobias Stucki
Date Deposited:	29 Jan 2019 14:33
Last Modified:	18 Dec 2020 13:27
Publisher DOI:	10.1007/s11187-013-9499-3
Uncontrolled Keywords:	Venture capital, Start-ups Innovation, performance
ARBOR DOI:	10.24451/arbor.82
URI:	https://arbor.bfh.ch/id/eprint/82