AN EMPIRICAL ANALYSIS: VENTURE CAPITAL CLUSTERS AND FIRM MIGRATION

2007 ◽  
Vol 12 (02) ◽  
pp. 139-163 ◽  
Author(s):  
ROBERT PLANT
Keyword(s):  
Venture Capital ◽  
Regional Development ◽  
Empirical Analysis ◽  
High Growth ◽  
The State ◽  
Exit Strategy ◽  
Professional Networks ◽  
Public Records ◽  
Growth Firms ◽  
Firm Migration

Regions and states utilize venture capital forums to raise the profiles of youthful, potentially high-growth firms located within their boundaries. They aim to help organizations raise capital, to widen professional networks and to stimulate regional development. As a contribution toward determining the success of the forum concept, the Florida venture forum was studied. This paper follows those companies who received funding subsequent to participating in the forum during the period 1997–2003; data is drawn from the forum and public records. Funding profiles are built up for successful participants and the funding entities. A secondary profile, post-funding, is developed that examines the role the funding agent plays in determining whether the funded company remains or migrates from its original location. The finding of this paper is that a significant number of funded entities are located within venture capital cores or clusters. The paper shows that funded companies are younger than non-funded companies, more likely to be acquired and move from their original location. The paper also shows that the participant companies that were acquired achieve an exit strategy by migrating out of the state of Florida.

scholarly journals High-growth firms and innovation: an empirical analysis for Spanish firms

2014 ◽  
Vol 43 (4) ◽  
pp. 805-821 ◽  
Author(s):  
Agustí Segarra ◽  
Mercedes Teruel
Keyword(s):  
Empirical Analysis ◽  
High Growth ◽  
Growth Firms

Targeting for Growth: A Critical Examination

2012 ◽  
Vol 13 (1) ◽  
pp. 45-55 ◽  
Author(s):  
David Smallbone ◽  
Claire Massey
Keyword(s):  
New Zealand ◽  
Empirical Analysis ◽  
High Growth ◽  
Critical Examination ◽  
Policy Makers ◽  
Self Selection ◽  
Growth Firms ◽  
Profile Characteristics ◽  
And Training

The targeting debate has been around for more than 20 years, and yet we are still discussing how best to identify high-growth SMEs. Following a discussion of targeting issues and a review of some of the key literature on SME growth, the paper focuses on an empirical analysis of the performance of a panel of SMEs in New Zealand over a three-year period. The results show that, even when growth occurs in SMEs, it is typically discontinuous. In addition, most of the easily verifiable profile characteristics that are often used for targeting, such as size, sector, age, whether or not the firm is exporting and/or innovating, did not consistently distinguish growth firms from others. Possible conclusions are that policy makers need more effective long-term assessment of government programmes and/or that the heterogeneity of those enterprises able to achieve growth points towards the principle of self-selection. However, the authors suggest a more radical response based on investing more in education and training and aiming to make more explicit the implications of actions and non-actions by entrepreneurs with regard to growth.

Venture Capital and VC Policy

2018 ◽  
pp. 48-62
Author(s):  
Robyn Klingler-Vidra
Keyword(s):  
World War Ii ◽  
Venture Capital ◽  
High Growth ◽  
Financial Capital ◽  
Professional Networks ◽  
Policy Model ◽  
Ability To Act ◽  
Start Up ◽  
The World ◽  
Asset Class

Chapter Three provides VC policy conceptualizations and histories that are essential to understanding what is being diffused. Knowing what the policy model is allows us to specify “what” and “how much” adaptation occurs. Venture capital is first depicted as an asset class that provides financial capital (as well as operational expertise and access to professional networks) in exchange for equity in high-growth, start-up companies. The chapter details the rise of the VC industry since its institutionalization in the World War II era and the asset class’s macroeconomic importance, in light of its ability to act as a driver of innovation, employment and economic growth. The chapter defines the categories by which public policymakers have supported VC as: regulation, taxation and funding, and depicts the Silicon Valley model as well as subsequent policy innovations by Israel and Taiwan.

Esensi Dan Urgensi Pengeluaran Pemerintah Untuk Pembangunan Daerah

2019 ◽  
Vol 4 (1) ◽  
pp. 1-12
Author(s):  
Luciana L. Nahumuri
Keyword(s):  
Sustainable Development ◽  
Regional Development ◽  
Government Spending ◽  
Government Expenditure ◽  
The State ◽  
Future Generations ◽  
State Revenue ◽  
State Expenditure

The essence and urgency of government expenditure for regional development is very crucial in realizing sustainable development, meaning that government spending must meet current needs without compromising the fulfillment of the needs of future generations. The higher the state revenue, the higher the state expenditure for regional development. Thus, an increase in understanding of government expenditure for regional development in a sustainable manner must be carried out with the principle of prudence in this country.

Socio-economic environment of city in digital economy development: conceptual grounds of transformation

2019 ◽  
pp. 56-66
Author(s):  
Ivan Zalutskyy
Keyword(s):  
Regional Development ◽  
State Policy ◽  
Digital Economy ◽  
The State ◽  
Information Storage ◽  
Economic Environment ◽  
Digital Development ◽  
State Strategy ◽  
The Government ◽  
Transition Issues

The article deals with scientific approaches to the interpretation of the concept «digital economy». It defines digital economy, meaning economy based upon digital technology and provides inclusive socio-economic development and prosperity. The article identifies the specifics, contradictions and transition issues of state policy in the sphere of informatization towards intensive development of digital economy. Under the study the realization of the Concept for the Development of Digital Economy and Society of Ukraine for 2018-2020 and the plan of measures for its implementation are determined to be in a state of stagnation. The issue of the Development of Digital Economy and Society of Ukraine is not properly transformed into corresponding obligatory functions, tasks and powers of central executive authorities and local self-government bodies yet. It is provided rationale for modern city as a priority object and self-sufficient subject of development of digital economy and society in Ukraine. The cities of Ukraine ought to be observed like local centers of potential dynamic shifts in socio-economic environment of the region and deployment of economic prosperity based on digital development. The perspectives of the concept «smart-city» in the context of modern policy of digital development are performed. The author claims that the determinant of the effective digital development policy in the administrative-territorial units of Ukraine is the adequacy of the system legislative regulation of the institutional and legal mechanisms for its implementation in accordance with the norms of the Information and Digital Codes of Ukraine, the State Strategy for Regional Development for the period until 2020. The consensual basis for synchronous development of the Information and Digital Codes of Ukraine are defined by the government approved principles for implementing the modern state policy of digital development in Ukraine, in particular openness; transparency; multiple usage; technological neutrality and portability of data; citizens-orientated; inclusiveness and accessibility; safety and confidentiality; multilingualism; support decision-making; administrative simplification; information storage; evaluation of efficiency and effectiveness. The article suggests the following: indicating the development of the digital economy and society in Ukraine among the priorities of the State Strategy for Regional Development for the period up to 2020; ensuring the priority of accelerated transformation of the socio-economic environment of cities under the approval of strategic plans, programs and actions within the state regional policy.

Reform of the system of development institutions of the Far East: directions and tasks

2020 ◽  
Vol 93 (4) ◽  
pp. 101-108
Author(s):  
I. S. Khvan ◽  
Keyword(s):  
Regional Development ◽  
Russian Federation ◽  
Far East ◽  
Developed Countries ◽  
The State ◽  
Market Failures ◽  
The Far East ◽  
Development Institutions ◽  
State Corporation ◽  
The Russian Federation

Development institutions are an important modern instrument of government regulation of the economy in all developed countries. The system of development institutions of the Russian Federation includes the federal and regional development institutions. Key federal development institutions include such well-known state corporations as the investment fund of the Russian Federation; the State Corporation "Bank for Development and Foreign Economic Activity (Vnesheconombank)"; the state corporation "Russian Corporation of Nanotechnologies," etc. According to experts of the Ministry of Economic Development of the Russian Federation, about 200 regional development institutions operate on the territory of the constituent entities of the Russian Federation. The objectives of this extensive system of development institutions so far have been to overcome the so-called "market failures," which cannot be optimally realized by the market mechanisms, and to promote the sustained economic growth of a country or an individual region. In November 2020, the Government of the Russian Federation announced the reform of the system of development institutions in the country. The article analyzes the goals and main directions of the announced reform. On the example of the system of development institutions of the Far East, an attempt was made to assess its possible consequences.

Sign in / Sign up

Export Citation Format

Share Document