Government sponsored versus private venture capital : Canadian evidence [e-book]
Author: National Bureau of Economic Research
"Investigates the relative performance of enterprises backed by government-sponsored venture capitalists and private venture capitalists. ... The results indicate that enterprises financed by government-sponsored venture capitalists underperform on a variety of criteria, including value-creation, as measured by the likelihood and size of IPOs and M&As, and innovation, as measured by patents." - abstract.
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