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Article Dans Une Revue Journal of business venturing Année : 2015

How does governmental versus private venture capital backing affect a firm's efficiency? Evidence from Belgium

Résumé

We investigate the implications of venture capital (VC) investor type (government or private) on the operating efficiency of a sample of 515 Belgian portfolio firms up to 3 years after the investment. We find that the government VC-backed firms display significant reductions in productivity. No significant differences in efficiency are found in firms backed by private VC compared with their non-VC-backed peers. Finally, significant reductions in efficiency exist in targets of government VC compared to their non-VC-backed peers.

Dates et versions

hal-02313248 , version 1 (18-03-2020)

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Yan Alperovych, Georges Hübner, Fabrice Lobet. How does governmental versus private venture capital backing affect a firm's efficiency? Evidence from Belgium. Journal of business venturing, 2015, 30 (4), 508-525 p. ⟨10.1016/j.jbusvent.2014.11.001⟩. ⟨hal-02313248⟩

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