Geography and Industry Meets Venture Capital
The City College of The City University of New York - Department of Economics; The University of Pennsylvania - Department of Economics
March 30, 2007
PIER Working Paper No. 07-015
Do certain regions inherently enjoy an advantage in venture capital investment decisions? And how do industry characteristics affect venture capital activity? These questions fall under the reemerging study of economic geography, which suggests the importance of industrial location to economic decision making. Through the lens of economic geography, this paper examines the impact of industrial and regional characteristics on venture capital activities from 1996 to 2005. Analyzing venture capital data with nineteen regions and seventeen industries, this study affirms the significance of geography and industry to investment trends in venture capital.
Number of Pages in PDF File: 34
Keywords: Venture Capital, Venture-Backed Public Companies, Economic Geography, Location, Biotechnology, Business Products and Services, Computers and Peripherals, Consumer Products and Services, Electronics and Instrumentation, Financial Services, Healthcare Services, Industrial and Energy
JEL Classification: C12, D81, D92, E22, G12, G24, G3, M13, M21, O16working papers series
Date posted: April 2, 2007
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