The performance of Canadian firms that received venture capital financing / : Rendement des entreprises canadiennes qui ont reçu du financement par capital de risque

Because firm level data coverage is required to reliably perform the data was only available for the period from 1999 to econometric analysis and measure five year growth 2009, and the construction of the control group for rates for all of the variables of interest reported in this study relied on identifying non-VC-backed firms Section 5. that were similar to the VC-backed firms in the year they [...] Typically, VC- Notably as a result of applying the data quality backed firms can be regarded as innovative processes to the Thomson-Reuters list of 2762 known enterprises developing new technologies and VC-backed firms, the Master Research Database of applications that contribute disproportionately to the VC-Backed Firms, used to generate the results in this growth of the Canadian economy. [...] In contrast, the life sciences sector accounted for While Ontario VC-backed firms represent only 30 approximately 3 percent of the total revenue, about percent of the firms in the Master Research Database 7 percent of total employment, and about 15 percent of VC-Backed Firms in 2009, they also account for 76 of total R&D expenditures, respectively. [...] Furthermore, the population of firms in the Dataset of VC-Backed Firms for Econometric Analysis, in their first year of financing, have been shown to be significantly different from the general population of firms in Canada across several other key variables that could determine firm performance, such as sales, number of employees, assets, age, and profitability.14 Given the number of factors whic [...] The Consequently, the anticipation and attainment of results of the analysis also suggest the impact is not high personnel performance could be expected to purely driven by the infusion of new funds over the result in higher wages, particularly for firms short-run.