TY - JOUR
T1 - Venture capital investment, regional innovation and new business creation
T2 - A research note
AU - Dyer, Douglas
AU - Hasan, Iftekhar
AU - Wang, Haizhi
AU - Yin, Desheng
N1 - Publisher Copyright:
Copyright © 2016 Inderscience Enterprises Ltd.
PY - 2016
Y1 - 2016
N2 - Entrepreneurship involves mobilising resources in the founding of new businesses to pursue entrepreneurial opportunities. Resource acquisition, especially of financial resource, is crucial for bringing innovative ideas into reality. Though the role of venture capital, as a specialised and important intermediary, in financing innovative entrepreneurial companies is widely recognised, relatively little evidence shows the real effects of venture capital investment. This paper empirically examines the real effects of venture capital investment on regional innovation and new firm creation in the USA. Overall, the results confirm a significant and positive role of venture capital investment in promoting innovation and fostering entrepreneurship.
AB - Entrepreneurship involves mobilising resources in the founding of new businesses to pursue entrepreneurial opportunities. Resource acquisition, especially of financial resource, is crucial for bringing innovative ideas into reality. Though the role of venture capital, as a specialised and important intermediary, in financing innovative entrepreneurial companies is widely recognised, relatively little evidence shows the real effects of venture capital investment. This paper empirically examines the real effects of venture capital investment on regional innovation and new firm creation in the USA. Overall, the results confirm a significant and positive role of venture capital investment in promoting innovation and fostering entrepreneurship.
KW - Entrepreneurship
KW - Innovation
KW - New business creation
KW - Venture capital investment
UR - https://www.scopus.com/pages/publications/84999791274
U2 - 10.1504/IJBAAF.2016.080483
DO - 10.1504/IJBAAF.2016.080483
M3 - 文章
AN - SCOPUS:84999791274
SN - 1755-3830
VL - 7
SP - 111
EP - 124
JO - International Journal of Banking, Accounting and Finance
JF - International Journal of Banking, Accounting and Finance
IS - 2
ER -