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Geography and Industry Meets Venture Capital

Listed author(s):
  • Yochanan Shachmurove

    ()

    (Department of Economics, The City College of the City University of New York, and Department of Economics, University of Pennsylvania)

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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File URL: http://economics.sas.upenn.edu/system/files/working-papers/07-015.pdf
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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 2007
Handle: RePEc:pen:papers:07-015
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  9. Mitchell Kellman & Trevor Roxo & Yochanan Shachmurove, 2003. "Entrepreneurial Failure and South Africa's Performance in the World Trading Environment," Journal of Entrepreneurial Finance, Pepperdine University, Graziadio School of Business and Management, vol. 8(3), pages 1-15, Fall.
  10. Constant, Amelie F. & Shachmurove, Yochanan & Zimmermann, Klaus F., 2003. "What Makes an Entrepreneur and Does It Pay? Native Men, Turks, and Other Migrants in Germany," IZA Discussion Papers 940, Institute for the Study of Labor (IZA).
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  27. Emanuel Shachmurove & Yochanan Shachmurove, 2004. "Annualized Returns of Ventured-Backed Public Companies Stratified by Decades and by Stages of Financing," Journal of Entrepreneurial Finance, Pepperdine University, Graziadio School of Business and Management, vol. 9(2), pages 109-123, Summer.
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