- Abstract
- Non-technical summary
- 1 Introduction
- 2 Risk capital and the fi nancing of younginnovative companies
- 3 Data
- 4 Empirical methodology and initial estimates
- 4.1 Patent production function
- 4.2 Initial estimates
- 5 Addressing the causality problem
- 5.1 A simple model
- 5.2 Instrumental variable estimation
- 5.3 Accounting for technologicalopportunities
- 6 Robustness tests
- 6.1 Accounting for the country-leveldeterminants of innovation
- 6.2 Evidence from the Europeanbiotech industry
- 7 Conclusion
- References
- Tables
- Appendices
- European Central Bank Working Paper Series
Persistent link: https://www.econbiz.de/10005866520