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Geography and Industry Meets Venture Capital Author info | Abstract | Publisher info | Download info | Related research | Statistics Yochanan Shachmurove () (Department of Economics, The City College of the City University of New York, and Department of Economics, University of Pennsylvania)
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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.
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Paper provided by Penn Institute for Economic Research, Department of Economics, University of Pennsylvania in its series PIER Working Paper Archive with number
07-015.
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Length: 34 pages
Date of creation: 30 Mar 2007Date of revision:
Handle: RePEc:pen:papers:07-015Contact details of provider: Postal: 3718 Locust Walk, Philadelphia, PA 19104 Phone: 215-898-9992 Fax: 215-573-2378 Email: Web page: http://economics.sas.upenn.edu/pier More information through EDIRC
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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 ; Information Technology Services ; Media and Entertainment ; Medical Devices and Equipment ; Networking and Equipment ; Retailing and Distribution ; Semiconductors ; Software ; Telecommunications. ; Other versions of this item:
Find related papers by JEL classification: C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: General - - - Hypothesis Testing D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty D92 - Microeconomics - - Intertemporal Choice and Growth - - - Intertemporal Firm Choice and Growth, Investment, or Financing E22 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Capital; Investment; Capacity G12 - Financial Economics - - General Financial Markets - - - Asset Pricing G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage G3 - Financial Economics - - Corporate Finance and Governance M13 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - New Firms; Startups M21 - Business Administration and Business Economics; Marketing; Accounting - - Business Economics - - - Business Economics O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment O3 - Economic Development, Technological Change, and Growth - - Technological Change
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