The venture capital state -- Contextual rationality -- Venture capital and VC policy -- Hong Kong : night-watchman state -- Taiwan : private sector promoter -- Singapore : financier and director -- Contextually rational sources of adaptation -- The future of venture capital states : distinct...

This dissertation explores the relation between venture capital and innovation. There are three main findings. First, venture capital funding is associated with an increase in the rate of companies' innovative activity. However, this increase appears to occur at the expense of innovation...

I estimate the impact of venture capital (VC) on knowledge diffusion by comparing patent citations before and after companies secure VC. I find that a patent's citations increase following VC financing, particularly those made by other companies also financed by the same VC investor....