The impact of venture capital on the productivity growth of European entrepreneurial firms: ‘Screening’ or ‘value added’ effect?

What is beneficial for first-time SME-exporters from a transition economy: A diversified or a focused export-strategy?

“…As dependent variable we use Productivity (value added), calculated as a difference between sales revenues and production costs, and taken as logarithm value (Verma, 2012;Croce, Marti, & Murtinu, 2013;Eggert and Tveteras, 2013). Relying on quantitative and objective conceptualization of performance is an advantage in our study; in contrast, most literature is based on survey data and predominantly qualitative (perceptional) conceptualization of export performance.…”

Value contributions of the venture capitalist in Mexico: building an exit for the investment

“…A good venture capitalist -entrepreneur relationship is essential for the sustained development of the venture and to accomplish the goal of exiting the investment. This exit goal, however, contrasts with existing views in the literature that relate venture capitalist's value-added with achieving company's milestones (De Clercq et al, 2006), with improving venture performance (Busenitz et al, 2004), with growing the company (Croce, Martí, & Murtinu, 2012), with increasing the financial value of the venture (De Clercq et al, 2006), and with achieving a target company's size in a given time span (Maunula, 2006). Although these goals are somehow related, for example, achieving milestones improve the performance of the company, better company's performance translates into venture growth, growth improves the venture's financial value and is required to achieve a desired venture size, and higher financial value for the venture improves the probability of achieving an exit for the investment, the exit of the investment is necessary to make a return on the venture capitalist's investment.…”

Impact of Firms’ Cooperative Innovation Strategy on Technological Convergence Performance: The Case of Korea’s ICT Industry

“…The differentiation and novelty in this research is as follows: First, the result of technological convergence in Korean ICT firms is measured through bibliographic patent data, and this paper introduces this as a dependent variable to evaluate the performance of firms' innovation strategies. Further, previous studies have evaluated cooperative behavior from the perspectives of financial performance, business performance, or improving production efficiency [18][19][20][21][22][23][24]. However, it has recently become more important to measure and evaluate technological convergence output, as firms have continued to strengthen their technologies, knowledge, and competencies to sustainably develop through technological convergence.…”