Autori
Colombo, Massimo G.
Shafi, Kourosh

Titolo
The impact of patenting on the size of high-tech firms: the role of venture capital and product market regulation
Periodico
Economia e politica industriale
Anno: 2016 - Volume: 43 - Fascicolo: 1 - Pagina iniziale: 85 - Pagina finale: 103

We investigate how public policies related to product market regulation (PMR) influence the ability of European young venture-capital (VC) backed firms compared to a sample of matched non-VC backed firms to grow in size in proportion to their innovative activity. Whereas VCs can presumably offer value-added services to overcome the regulatory constraints of PMR, we find that VC-backed firms relative to non-VC backed ones are more adversely sensitive to these policies. This evidence indicates that PMR impedes the most VC-backed firms' high-potential for innovation-driven growth.



SICI: 0391-2078(2016)43:1<85:TIOPOT>2.0.ZU;2-G

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