CRIS Current Research Information System
IRIS è la soluzione IT che facilita la raccolta e la gestione dei dati relativi alle attività e ai prodotti della ricerca. Fornisce a ricercatori, amministratori e valutatori gli strumenti per monitorare i risultati della ricerca, aumentarne la visibilità e allocare in modo efficace le risorse disponibili.
EnglishIn this paper, we provide original empirical evidence, based on a sample of 255 new ventures operating in the micro and nanotechnology (MNT) sector in the United Kingdom, on the ability of academic spin-offs to attract venture capital financing. We analyze whether venture capitalists have a bias against investing in academic spin-offs due to high levels of risk and monitoring costs. Our results suggest that this bias does not exist in the case of MNT, although spin-offs from universities with high institutional prestige have a significantly higher likelihood to receive VC financing as compared to other academic and non-academic start-ups.
| Titolo: | Do venture capitalists have a bias against investment in academic spinoffs? Evidence from the MNT sector in the UK |
| Autore/i: | MUNARI, FEDERICO; TOSCHI, LAURA |
| Autore/i Unibo: | |
| Anno: | 2008 |
| Titolo del libro: | Missione produttiva e crescita economica del Paese |
| Pagina iniziale: | 249 |
| Pagina finale: | 254 |
| Abstract: | In this paper, we provide original empirical evidence, based on a sample of 255 new ventures operating in the micro and nanotechnology (MNT) sector in the United Kingdom, on the ability of academic spin-offs to attract venture capital financing. We analyze whether venture capitalists have a bias against investing in academic spin-offs due to high levels of risk and monitoring costs. Our results suggest that this bias does not exist in the case of MNT, although spin-offs from universities with high institutional prestige have a significantly higher likelihood to receive VC financing as compared to other academic and non-academic start-ups. |
| Data prodotto definitivo in UGOV: | 5-feb-2009 |
| Appare nelle tipologie: | 4.01 Contributo in Atti di convegno |
File in questo prodotto:
Copyright © 2020