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| Author: | Hellmann, T. Puri, M. |
| Title: | The interaction between product market and financing strategy: the role of venture capital |
| Journal: | Review of Financial Studies
2000 : WINTER, VOL. 13:4, p. 959-984 |
| Index terms: | FINANCING NEW ENTERPRISE PRODUCT MARKETING VENTURE CAPITAL |
| Language: | eng |
| Abstract: | Venture capital financing is widely believed to be influential for new innovative companies. The authors provide empirical evidence that venture capital financing is related to product market strategies and outcomes of start-ups. Using a unique hand-collected database of Silicon Valley high-tech start-ups the authors find that innovator firms are more likely to obtain venture capital than imitator firms. |
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