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- W2891585499 abstract "This paper analyses the different effects of foreign venture capital (FVC) and domestic venture capital (DVC) on innovation for IPOs. Using patent counts to measure innovation, the results indicate that FVC‐backed firms are less innovative than DVC‐backed firms. Our findings are robust after controlling for the sample selection bias using a propensity score matching approach. One possible underlying mechanism through which FVCs nurture less innovation is their inferior geographic proximity to investment targets." @default.
- W2891585499 created "2018-09-27" @default.
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- W2891585499 date "2018-09-09" @default.
- W2891585499 modified "2023-10-17" @default.
- W2891585499 title "The role of foreign and domestic venture capital in innovation: evidence from China" @default.
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- W2891585499 doi "https://doi.org/10.1111/acfi.12401" @default.
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