CAPITAL-INVESTISSEMENT ET PERFORMANCES DES FIRMES : LE CAS DE LA FRANCE

This paper analyses venture capital contribution to the financing and performance of innovative companies via its ability to provide financing for innovative projects. From a hand-collected data set based on a sample of French companies that went public at the "Nouveau Marché", we show tha...

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Bibliographic Details
Published in:Vie & sciences de l'entreprise 2012-04 (190), p.30
Main Author: Pommet, Sophie
Format: Article
Language:fre
Subjects:
Financial performance
Impact analysis
Innovations
Private equity
Public companies
Startups
Studies
Venture capital
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Summary:This paper analyses venture capital contribution to the financing and performance of innovative companies via its ability to provide financing for innovative projects. From a hand-collected data set based on a sample of French companies that went public at the "Nouveau Marché", we show that : i) venture capital financing does not have a positive impact on the performance of French companies, measured by their survival rate and ii) the distinction between different types of venture capitalists does not affect this result. Thus, our results contribute to show that European venture capital industry seems to be quite homogeneous in terms of performance. [PUBLICATION ABSTRACT]
ISSN:2262-5321
2262-5372