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The impact of governmental venture capital on venture capital activity: an empirical analysis of the German venture capital ecosystem

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Detalhes bibliográficos
Resumo:This research paper examines the impact of governmental venture capital (GVC) policies on venture capital activity in Germany using staggered Difference-in-Differences (DiD) methodology. Findings reveal significant increases in deal numbers and exits particularly in early-adopting states, with benefits accruing gradually over time. However, regional disparities persist, with weaker effects in less-developed states.
Autores principais:Schön, Christopher
Assunto:Venture capital Entrepreneurial finance Governmental venture capital
Ano:2025
País:Portugal
Tipo de documento:dissertação de mestrado
Tipo de acesso:acesso aberto
Instituição associada:Universidade Nova de Lisboa
Idioma:inglês
Origem:Repositório Institucional da UNL
Descrição
Resumo:This research paper examines the impact of governmental venture capital (GVC) policies on venture capital activity in Germany using staggered Difference-in-Differences (DiD) methodology. Findings reveal significant increases in deal numbers and exits particularly in early-adopting states, with benefits accruing gradually over time. However, regional disparities persist, with weaker effects in less-developed states.