The Money of Innovation: The Impact of Venture Capital on Innovation in Sweden
2019 (engelsk)Independent thesis Advanced level (degree of Master (Two Years)), 20 poäng / 30 hp
Oppgave
Abstract [en]
Innovation leads to economic growth, however, financing innovation comes with major uncertainties and therefore there is a risk of underinvestment in innovation. One type of investor who is prepared to take on this uncertainty is the Venture Capitalist (VC). The question remaining is whether VCs spur further innovation or mainly exploit existing innovation. By counting the patent registrations in 133 Swedish VC financed firms and comparing these to 609 control firms, the difference in innovation level is assessed. The result indicate that VC financed firms, on average, become 23% more innovative after receiving financing from a VC. Thus, it is concluded that VCs spur innovation in the Swedish context.
sted, utgiver, år, opplag, sider
2019. , s. 47
Emneord [en]
Innovation, Venture Capital, Financing, Patents, Sweden
HSV kategori
Identifikatorer
URN: urn:nbn:se:uu:diva-388407OAI: oai:DiVA.org:uu-388407DiVA, id: diva2:1333034
Utdanningsprogram
Master Programme in Business and Management
Veileder
Examiner
2019-07-012019-06-292019-07-01bibliografisk kontrollert