In which regions do governmental, independent, and corporate venture capital firms invest? An empirical investigation across 402 German regions

Masiak, Christian; FISCH, Christian; Block, Jörn

doi:10.1007/978-3-030-17612-9_8

Contribution à des ouvrages collectifs (Parties d’ouvrages)

In which regions do governmental, independent, and corporate venture capital firms invest? An empirical investigation across 402 German regions

Masiak, Christian; FISCH, Christian; Block, Jörn

2020 • In Moritz, Alexandra; Block, Jörn; Golla, Stephan et al. (Eds.) Contemporary Developments in Entrepreneurial Finance

Peer reviewed

Permalien
https://hdl.handle.net/10993/50147

DOI
10.1007/978-3-030-17612-9_8

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(2020, EdVol) Masiak et al. - In which regions do GVC, IVC, and CVC firms invest.pdf

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Détails

Mots-clés :

Corporate venture capital; governmental venture capital; independent venture capital; localization; region; venture capital

Résumé :

[en] We analyze the distribution of venture capital (VC) investments across German regions and explore the geographical determinants of these investments. So far, little is known about the regional determinants of governmental (GVC), independent (IVC), and corporate (CVC) VC firms and about whether these types of VC firms invest in different regions. Combining a dataset of 402 German districts, our regressions show that regions with a higher supply of human capital and knowledge creators attract a significantly higher number of GVC investments. Moreover, we find a significant difference in economically weaker regions but do not find a metropolitan bias. Hence, GVC firms do not invest more frequently in rural regions per se and do not prevent regional disparities more often than other types of VC firms. The implications of these findings for high-tech firms and regional policy are discussed.

Disciplines :

Stratégie & innovation

Auteur, co-auteur :

Masiak, Christian

FISCH, Christian

Block, Jörn

Co-auteurs externes :

yes

Langue du document :

Anglais

Titre :

In which regions do governmental, independent, and corporate venture capital firms invest? An empirical investigation across 402 German regions

Date de publication/diffusion :

2020

Titre de l'ouvrage principal :

Contemporary Developments in Entrepreneurial Finance

Auteur, co-auteur :

Moritz, Alexandra

Block, Jörn

Golla, Stephan

Werner, Arndt

Maison d'édition :

Springer

ISBN/EAN :

978-3-030-17612-9

Pagination :

201-227

Peer reviewed :

Peer reviewed

Focus Area :

Entrepreneurship and Innovation / Audit

Disponible sur ORBilu :

depuis le 02 février 2022

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