Is venture capital more than just money
作者： José Martí Pellón , Marina Balboa Ramón , Nina Zieling
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摘要: This paper analyzes whether the superior performance of venture-backed firms is associated with funding provided and/or to value added by venture capitalists their investee firms. Rooted on agency and resource-based view theories, both variables are analyzed according stage development the firm. The hypotheses tested a highly representative sample Spanish venture-backed over period 1993-2005. Our results show that significant regardless firm at time investment. added, however, significant only for subsample firms expansion stage.
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