التفاصيل البيبلوغرافية
| العنوان: |
Financial distancing : how venture capital follows the economy down and curtails innovation |
| المؤلفون: |
Howell, Sabrina |
| المساهمون: |
Lerner, Joshua (VerfasserIn); Nanda, Ramana (VerfasserIn); Kishore, Nishant (VerfasserIn); Townsend, Richard R. (VerfasserIn) |
| المصدر: |
2020 |
| الناشر: |
[Boston, MA]: Harvard Business School |
| اللغة: |
English |
| نوع المنشور: |
Graue Literatur (Non-commercial literature) |
| نوع الوثيقة: |
Elektronische Ressource im Fernzugriff |
| Manifestation: |
Monographie [unabhängig ob Stück einer Reihe] |
| مستخلص: |
By comparing patenting among VC-backed firms to the universe of patents filed in the USPTO over the period 1976-2019, we document that while patents filed by VC backed firms are of significantly higher quality and economic importance than the average patent, VC-backed innovation is substantially more procyclical than the broader economy. This is driven early-stage startups, whose innovation in recessions is relatively less cited, less original, less general, and less related to fundamental science. Frictions in capital supply help to explain these results |
| DOI: |
10.2139/ssrn.3594239 |
| رقم الأكسشن: |
EDSZBW1724861107 |
| قاعدة البيانات: |
ECONIS |
