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Cited by 673Private Equity and Venture CapitalEntrepreneurship Studies and InfluencesFirm Innovation and Growth

The DOI matches its Crossref record; 33 of the 33 references it cites were found in a registry or an index.

Venture Capital, Entrepreneurship, and Economic Growth

Open access
Samila, Sampsa, Sorenson, Olav·2011·Review of Economics and Statistics
DOI 10.1162/rest_a_00066
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Abstract

Using a panel of U.S. metropolitan areas, we find that increases in the supply of venture capital positively affect firm starts, employment, and aggregate income. Our results remain robust to a variety of specifications, including ones that address endogeneity. The estimated magnitudes imply that venture capital stimulates the creation of more firms than it funds, which appears consistent with two mechanisms: First, would-be entrepreneurs anticipating financing needs more likely start firms when the supply of capital expands. Second, funded companies may transfer know-how to their employees, thereby enabling spin-offs, and may encourage others to become entrepreneurs through demonstration effects.

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  1. Gilson Ronald J, 2003, Stanford Law Review, 55, 1067

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Metadata

Authors
Samila, S., & Sorenson, O.
Affiliations
  • Brock University (CA)
  • Yale University (US)
ORCID
Venue
Review of Economics and Statistics
Publisher
MIT Press - Journals
Published
2011-02
Volume
93
Issue
1
Pages
338-349
ISSN
  • 0034-6535 (ISSN-L)
  • 1530-9142
DOI
10.1162/rest_a_00066
OpenAlex
W1990980528
Cited by
673
References
33
Citations by year
2026: 52 · 2025: 63 · 2024: 62 · 2023: 42 · 2022: 64 · 2021: 48 · 2020: 39 · 2019: 44 · 2018: 44 · 2017: 33 · 2016: 42 · 2015: 31 · 2014: 38 · 2013: 26 · 2012: 19
FWCI
74.96
Type
journal article
Language
en
Open access
Locations
  • The Review of Economics and Statistics (publishedVersion)
  • RePEc: Research Papers in Economics (submittedVersion)
  • eScholarship (California Digital Library) (submittedVersion)
Topics
  • Social Sciences › Economics, Econometrics and Finance › Finance › Private Equity and Venture Capital
  • Social Sciences › Business, Management and Accounting › Management of Technology and Innovation › Entrepreneurship Studies and Influences
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Firm Innovation and Growth
Keywords
venture capital, entrepreneurship, economic growth, firm start-ups, employment, aggregate income, metropolitan areas, endogeneity, spin-offs, knowledge transfer, demonstration effect, startups

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