Research
Latest academic and industry research papers on venture capital.
… Analysis & Strategic Management
Government venture capital, firm innovation, and exit outcomes: a meta-analytic review
A meta-analytic review assessing how government venture capital influences firm innovation and exit outcomes, finding a small positive effect on innovation (weaker than private VC) but no significant improvement in exit performance, with effects varying by sector, GVC dominance, and country development level.
2026
Journal of Industrial and Business Economics
Firms' venture capital affiliation, platforms'“skin in the game” and the success of equity crowdfunding campaigns
Examines principles and investor behavior in equity crowdfunding, highlighting signaling mechanisms, founder and co-investor skin-in-the-game, and interactions with venture capital in shaping funding outcomes.
2026
N/A
Stock market reactions to corporate venture capital announcements
A multi-region event study of 61 corporate venture capital (CVC) program launch announcements from 2020–2024 finds no statistically significant short-term abnormal stock returns, suggesting markets view CVC launches as informationally neutral events.
2026
Applied Sciences
Leakage-Aware Time-Based Top-K Start-Up Ranking for Venture Capital Investment Success Under Severe Class Imbalance Conditions: A Screening …
No summary available.
2026
Available at SSRN 6364658
Power-Law Distribution in Venture Capital Returns and Its Implications for Venture Capital Portfolio Construction
Analyzes how venture capital returns follow a power-law—where a small share of investments produce outsized gains—and discusses the implications for VC portfolio construction and diversification.
2026
Proceedings of the 2026 3rd International Conference …
The Impact of Green Patent Signals from Start-Up Enterprises on Venture Capital Acquisition
Analyzes how green patent signals influence venture capital financing of startups (2014–2024), finding that green patents attract VC investment with the strength of this effect shaped by informal institutional factors.
2026
Emerging Markets Finance and …
China's Government Venture Capital Guidance Funds and Different Types of Innovation: Spillover Effect and Action Mechanism
Analysis shows China's government venture capital guidance funds reshape urban innovation by promoting venture-capital agglomeration, cross-city investment spillovers, and increased quantity, quality, and economic value of innovation—effects that vary across cities due to heterogeneous investment strategies.
2026
N/A
Bridging the Asymmetry Gap: Signaling in Sustainability-Oriented Venture Capital
No summary available.
2026
Management Science
Venture Capital and Private M&A Contracting
Analyzing 851 startup acquisitions from 2015–2020, the paper shows that venture capital involvement reduces information asymmetry in private M&A—leading to significantly fewer earnouts and simpler deal terms, especially when VCs have prior ties with buyers.
2026
BW Academic Journal
ENTREPRENEURIAL VENTURE CAPITAL FINANCING AND MARKETING GROWTH OF SMES IN RIVERS STATE.
Examining how venture capital—particularly equity and debt financing—positively influences the marketing-driven growth and market share expansion of SMEs in Rivers State, Nigeria.
2026
Creativity and Innovation Management
Fostering Digital Business Model Innovation: The Role of Government Venture Capital in High‐Tech SMEs
No summary available.
2026
Bradford Journal of Business, Management & …
Financial Transparency and Governance Mechanisms as Determinants of Growth in Early-Stage Venture Capital-Backed Firms
Empirical evidence shows stronger governance structures amplify the positive impact of financial transparency on growth in early-stage venture capital-backed firms, highlighting the value of institutionalized governance and high-quality reporting for accelerating portfolio performance.
2026
Sage Open
When Venture Capitalists Clash: Exploring the Impact of Ownership and Status Mismatch on New Venture Growth
No summary available.
2026
Review of Managerial Science
Do startup incubators enhance new venture performance? Evidence from a meta-analysis
Examines entrepreneurs’ heterogeneous preferences for tangible versus intangible incubator resources and how matching those preferences to program offerings influences incubator selection and new venture performance.
2026
arXiv preprint arXiv …
Do Venture Capitalists Beat Random Allocation?
Analysis shows venture capital returns are largely indistinguishable from constrained random allocation, implying aggregate VC skill is hard to detect amid heavy-tailed outcomes.
2026
N/A
Government's Role in Encouraging Venture Capital (VC) Investment
No summary available.
2026
Cliometrica
The spatial origins of venture capital: human capital and financial innovation in the postwar United States
Historical analysis reveals that U.S. venture capital in the 1960s–70s clustered in regions with concentrated human capital and innovation institutions, implying that expanding VC supply alone cannot build ecosystems without underlying talent and research infrastructure.
2026
Alternatives Managériales …
The Influence of Financial Inclusion and Knowledge Management on the Performance of Venture Capital Relationships in Emerging Economies: The Case of Morocco …
No summary available.
2026
…
Mapping the Global Landscape of Sustainable Venture Capital: A Bibliometric Analysis of Research Evolution and Collaboration Networks
A concise examination of the drivers, barriers, and organizational impacts of digital transformation, analyzing how technological adoption shapes firm performance and change management strategies.
2026
N/A
From signals to outcomes: founder human capital and venture capital investment success in Finland
Analyzing 5,498 venture-backed firms using public and archival web data, the thesis investigates how founder human capital relates to venture capital investment success in Finland versus Silicon Valley and finds that while public sources enable broad ecosystem mapping, they are insufficient for consistent large-scale founder-level measurement.
2026
Journal of Business …
The missing middle: Designing and implementing a venture capital fund for seed-stage deep-tech ventures
No summary available.
2026
Socio-Economic Review
The political economy of venture capital: winners-take-all and founder control
Analysis of how venture capital and start-up investing have driven an ideology of founder control in US tech firms, reshaping corporate governance and concentrating decision-making power.
2026
Journal of Industrial and Business …
Mapping venture capital investments in the (new) space economy with large language models: a comparative analysis of Europe and the United States
A comparative analysis of European and U.S. venture capital practices reveals which operational norms converge across ecosystems and where managerial behaviors diverge, highlighting implications for investors and entrepreneurs.
2026
Journal of Business and Management …
Venture Capital Research: An In-Depth-Cluster Analysis
An exploratory bibliometric co-citation study mapping the intellectual structure of venture capital research by analyzing 1,410 papers to identify three broad research areas, 13 thematic clusters, and linking 'connecting and methodology' papers that reveal cluster interactions and future directions.
2026
International Review of Economics & Finance
Venture capital participation, mitigation of financial constraints, and disruptive innovation in enterprises: A comparative study based on ownership …
Venture capital participation significantly boosts disruptive innovation in Chinese publicly listed firms (2010–2023) by alleviating financial constraints, with stronger effects observed in state-owned enterprises and companies led by financially experienced executives.
2026
Global Business …
Venture Capital and Firm Performance Post-Initial Public Offering: Evidence from India
No summary available.
2026
No DOI. Not published yet
Management Incentives and Public-Private Delegated Fund Performance in the Venture Capital Industry
Examines how management incentives (management fees, co-investment ratios, and performance-based pay) used by Taiwan's National Development Fund affect venture capital institutions' investment returns and policy outcomes using DEA and generalized structural equation modeling on 2007–2022 co-investment data.
2026
Future Business Journal
Venture capital as Institutional Infrastructure: Modelling the pathways to scalability and competitiveness in high-growth ventures in Uganda
New research reveals how venture capital is fueling innovation and scaling high-impact firms across East Africa—unlocking value creation, jobs, and regional economic growth while highlighting tailored VC models and policy steps to strengthen local ecosystems.
2026
Journal of Business …
Founders for hire? The role of venture studios in breaking the individual-opportunity nexus
Venture studios systematically create and validate startup ideas internally before recruiting founders, challenging the traditional individual–opportunity nexus by shifting entrepreneurial agency from lone founders to organization-driven processes.
2026
IIP: International Multidisciplinary Research …
Financial Entrepreneurship–Role of Government Schemes, Banks, and Venture Capital
Analysis of how government schemes (e.g., MUDRA, Start-Up India), banks, and venture capital influence financial entrepreneurship in India, identifying strengths and gaps and recommending coordinated policies, financial literacy, and tailored support to boost inclusive startup growth.
2026
Applied Economics
Venture capital and corporate digital transformation: evidence from China
Analyzes how venture capital investment accelerates corporate digital transformation in Chinese A-share firms (2015–2022), showing VC promotes digitization by easing external financing constraints, enabling collaborative innovation, supplying patient capital, and reducing supply-chain risk—effects strongest in large, competitive, less digitally developed regions and firms with financially or R&D-experienced top teams.
2026
Small Business Economics
Government venture capital and financial constraints: growth and credit effects among Swedish SMEs: R. Svensson
Analyzes how government venture capital in Asia affects startup and small-firm performance and growth, including the role of regional constraints and interactions with external funding.
2026
A Data-Driven Analysis of Venture Capital Activity …
India's Funding Winter: Correction or Structural Shift? A Data-Driven Analysis of Venture Capital Activity (2019-2025)
Analyzes whether India’s sharp 2022–2024 venture capital downturn was a cyclical correction driven by global monetary tightening or a structural shift in the startup ecosystem, using stage- and sector-level data and VC practitioner insights to show a hybrid outcome with a pronounced late-stage capital gap.
2026
… and Management Journal
Innovation ecosystems and entrepreneurial venture capital: evidence from European countries
No summary available.
2026
Journal of Global …
System dynamics of performance evaluation of venture capital funds with an improvement approach
Analyzes how venture capitalists' reputations influence and potentially alleviate firms' financial constraints by affecting access to funding for entrepreneurial and early-stage ventures.
2026
Journal of Pharmaceutical Innovation
Venture Capital Promotes an Increase in Clinical Trials for Medical Enterprises
No summary available.
2026
Globalisation, Societies …
When public policy 'fails' and venture capital 'saves' education: Edtech investors as economic and political actors
Analysis of how venture capital Edtech investors act as economic and political actors—shaping the education technology industry through investment practices, legitimizing authority with expertise and social impact narratives, and building networks that influence educational futures.
2026
Journal of Business Ethics
Navigating the ambiguity of impact investing: How impact venture capitalists access new markets, founders, and capital
A mixed-methods analysis reveals who loses in 'win-win' impact investing by uncovering impact-risk, ambiguity, and ethical tensions that leave certain stakeholders disadvantaged and outlining implications for investors and policy.
2026
… Entrepreneur: Journal of Business Startups and …
Access to Venture Capital and Innovation Output in Early-Stage Startups
Analysis shows that venture-backed early-stage technology startups produce substantially higher innovation output—measured by product development, patent activity, and market expansion—highlighting the strategic role of VC financing in driving innovation-led growth.
2026
… , and the Moral Architecture of Venture Capital and …
The Algorithmic General Partner: Artificial Intelligence, Epistemic Philosophy, and the Moral Architecture of Venture Capital and Private Equity
No summary available.
2026
Venture Capital
From angel investors to venture capital: fundraising pathways and financial viability in professional esports teams
No summary available.
2026
N/A
The determinants of a successful venture capital market: analysing economic, stock and bond market influences in the US and EU
Analysis of US and EU venture capital (2007–2023) finds US VC inflows are pro-cyclical and tied to GDP and stock markets, while EU VC is detached from real-economy indicators; bond market weakness depresses VC across both regions and inflation has boosted inflows since 2014, underscoring the need for deeper EU market integration.
2026
Journal of Contemporary Academic …
The Influence of Innovativeness in Attracting Venture Capital Investment Among Tech SMEs in Nasarawa State, Nigeria
Analysis shows that innovativeness significantly boosts venture capital attraction for tech SMEs in Nasarawa State, Nigeria—higher innovation levels strongly correlate with larger investment amounts (r≈0.87–0.91, p<0.01), underscoring the value of tailored innovation frameworks and training to drive funding and growth.
2026
Strategic Change
Gatekeepers of the future: the role of corporate venture capital in corporate artificial intelligence adoptions
No summary available.
2026
N/A
A Systematic Review of Corporate Venture Capital (CVC) and Independent Venture Capital (IVC) Performance
No summary available.
2026
N/A
Scaling sustainability: how venture capital shapes impact-driven startups
New research shows VC terms and governance — not founder values alone — determine whether sustainability startups stay mission-aligned, and that written non-negotiables plus outcome-linked KPIs can prevent mission drift.
2026
International Journal of …
Unpacking innovation in technology-based entrepreneurship: the role of venture capital, networks and research capacity in an emerging economy
No summary available
2026
International Journal of Global …
Venture Capital Value Creation and Competitive Advantage: Evidence from Indian Digital Startups
2026
… Analysis & Strategic Management
Corporate venture capital (CVC) investments and digital transformation: analysis of moderating effects based on industry level
This paper analyzes the moderating effects of industry level on corporate venture capital investments and digital transformation.
2026
Applied Economics
Opening public data and entrepreneurial activity: Evidence from China
Open Government Data platforms in Chinese cities significantly boost entrepreneurial activity by attracting venture capital, fostering talent, and lowering transaction costs, according to research covering 2008-2021.
2026
Technological Forecasting and Social Change
Unveiling the key determinants of cleantech venture capital investment in India: A study using necessary condition and fuzzy set qualitative comparative analysis
2026
Venture Capital
How does digital empowerment affect venture capital: an empirical study of Chinese manufacturing listed corporations in Growth Enterprise Market
2026
N/A
Central Angels: How Angel Investor Network Position Influences Venture Capital Investment in Startups
Analyzes how angel investors' network centrality boosts the likelihood that startups receiving angel funding will attract subsequent venture capital, showing more central angels—especially those connected to well-connected angels and VCs—significantly increase VC follow-on investment.
2025
Boston University Law Review
Policing Cooptive Acquisitions While Preserving the Venture Capital Ecosystem
No summary available.
2025
KINGS JOURNAL …
VENTURE CAPITAL FINANCING AND THE PERFORMANCE OF SMALL AND MEDIUM-SCALE ENTERPRISES (SMES) IN SOUTH-WEST NIGERIA: IMPLICATIONS …
Empirical analysis finds venture capital strategies—growth support, prudent financial management, enhanced managerial practices, and attracting co‑financiers—significantly improve SME performance in South‑West Nigeria, highlighting the need for policies to expand VC funding for economic recovery and sustainable growth.
2025
Journal of Business Research
Structuring experimentation: Implementing Growth Hacking in new ventures
Comparative case study of two scaling startups identifies two ways to embed growth hacking—'bridging' via a dedicated experimentation unit and 'permeating' by spreading experiment-driven practices across teams—highlighting organizational configurations, roles, governance, and trade-offs for scaling new ventures.
2025
…
Analysis of venture capital investments in anaesthesiology companies from 2000 to 2024.
No summary available.
2025
Economic and Business Review
Startup Accelerator Returns: J Curve or L Curve? A Comparative Performance Analysis Between a Venture Accelerator and Early-Stage Venture Capital
Comparative analysis finds that a venture accelerator’s portfolio persistently underperforms early-stage venture capital—showing TVPI below 1 and an apparent L-curve risk profile, while early-stage VC demonstrates improving TVPI driven by survival, follow-on funding, and growth.
2025
N/A
Managing impact risks in venture capital: a study of the mustard seed maze portfolio using the impact management project framework
MA dissertation applies the Impact Management Project framework to evaluate nine impact risks across 37 ventures in Mustard Seed Maze’s portfolio and proposes a tailored pre-investment risk-assessment integrated into investment memos to improve impact performance.
2025
Journal of Finance and Banking
Venture Capital as a Catalyst for Accelerating Innovation: Empirical Evidence from Bangladesh
Analysis of Bangladesh’s 1995–2023 data shows venture capital primarily fuels market-driven, non-patent innovations while GDP and domestic credit more strongly predict patenting, suggesting VC supports commercial scaling rather than patent-intensive R&D.
2025
Finance India
State-Level Determinants of Venture Capital Investments in India: An Econometric Analysis.
No summary available.
2025
International journal of …
Start-up funding negotiations with venture capitalists: understanding the behaviors and strategies of experienced entrepreneurs
New qualitative research with 32 experienced founders reveals three core dimensions—negotiation competencies, power tactics, and negotiation style—that shape how entrepreneurs successfully negotiate venture capital funding and offers actionable strategies for founders and trainers to improve funding outcomes.
2025
Venture …
Climate issues in portfolio investment decisions: a comparison of Private equity and venture capital
Analysis of survey responses from 479 venture capital and 215 private equity fund managers comparing motives and strategies for integrating climate considerations into portfolio investment decisions—finding PE driven more by external stakeholders and performance, VC more by product differentiation, and screening strategies the most commonly used.
2025
Strategic …
Leveraging capital networks for entrepreneurial success
No summary available.
2025
Finance and Society
From blitzkrieg to blitzscaling: Assessing the impact of venture capital dynamics on military norms
Explores how venture capital's blitzscaling growth model is reshaping military procurement, operations, and norms, while raising ethical and societal concerns about VC-backed AI and drone technologies for communities caught in conflict.
2025
Spatial Economic Analysis
Geographical distance, investment strategies and performance of venture capital: evidence from Chinese enterprises
Analyzing Chinese venture capital deals, the paper finds greater geographical distance between lead VCs and portfolio firms is associated with higher investment performance as distant VCs adopt more conservative strategies—stricter screening, syndication, and staged financing—to improve exit success.
2025
Contemporary Journal of Social Science Review
Venture Capital and Macroeconomic Performance: An Empirical Assessment of Growth and Employment Dynamics
No summary available.
2025
2025 Tenth …
Optimizing Venture Capital Allocation with Deep Learning-Based Sentiment Analysis and Financial Data Fusion Techniques
Using deep-learning sentiment analysis and financial-data fusion, the paper proposes a framework to optimize venture capital allocation by combining market sentiment with quantitative financial signals.
2025
JOURNAL OF …
… has evolved into a formidable mechanism for collective financing, challenging traditional funding sources such as bank loans, venture capital, and private equity with …
Using machine learning (XGBoost and LSTM) and two novel Italian datasets, the paper models investor behavior and predicts the success of equity and lending crowdfunding campaigns to improve project selection and platform decision-making.
2025
Popularization of …
Designing an interpretative structural model of factors affecting venture capital in the entrepreneurial ecosystem of Science and Technology Park of Islamic Azad …
Using a mixed-methods ISM approach, the paper identifies six key factors—managerial characteristics, project nature, environmental conditions, support mechanisms, investment experience, and networking—that shape venture capital investment in the entrepreneurship ecosystem of the Islamic Azad University Science and Technology Park.
2025
… Conference on Data …
Initial Coin Offerings and Decentralised Finance: Roadmap Towards New Age Venture Capital Financing with Cryptocurrency
No summary available
2025
Intellectual Economics
What is the impact of country's venture capital investment on its labour productivity?
Empirical analysis of EU-25 countries assessing how venture capital investment influences national labour productivity—using linear, non-linear, and lagged regression models—and finding an overall insignificant effect.
2025
The Palgrave Encyclopedia of Private Equity
Venture Capital Investments in Cleantech Startups
No summary available.
2025
Strategic Entrepreneurship Journal
Venture capital exit after venture IPO
Analyzes how venture capitalists time and structure their exits following portfolio firms' IPOs and the implications of those exit decisions for investor returns and firm performance.
2025
Sustainable Futures
Emerging technologies in renewable energy: Risk analysis and major investment strategies
Exploring how emerging technologies and novel energy storage solutions can scale renewable energy deployment, the paper analyzes risks and investment strategies—highlighting funding gaps, VC risk frameworks, and adjusted success metrics needed to achieve zero-emission cleantech commercialization.
2025
N/A
Central Angels: How Angel Investor Network Position Influences Venture Capital
No summary available.
2025
Warsaw Forum of …
Venture Capital as a Growth Catalyst: Founders' Perceptions from German Early-Stage High-Tech Start-Ups
Exploring how German early-stage high-tech founders view venture capital as a growth catalyst, the paper finds VCs excel at easing financial constraints and boosting market visibility but often fall short on strategic advisory, organizational professionalization, and expectation alignment.
2025
At-Tamwil: Journal of Islamic Economics and Finance
Partnership Agreements in Venture Capital-Based Sharia Business Models
No summary available.
2025
International Journal of Islamic and Middle …
Mapping an Islamic venture capital setup using foresight-based social construction approach
A foresight-driven, stakeholder-informed blueprint for designing an Islamic venture capital (IVC) setup—mapped through social construction tools and multi-stakeholder workshops to outline stages, governance, and outreach strategies for supporting Muslim entrepreneurs in a developing Islamic economy.
2025
Finance Research Letters
Impact of venture capital on total factor productivity: Insights from enterprise-investment institution factor flows
Analysis of China's listed firms (2016–2022) shows venture capital—especially state-backed and corporate/industrial investors—significantly boosts firms' total factor productivity by increasing R&D intensity and innovation, with implications for investment structure and economic efficiency.
2025
Digestive Diseases and Sciences
Venture capital investments in gastroenterology from 2012 to 2022: a window into the future of gastroenterology
Analysis of venture capital investments in gastroenterology from 2012–2022 reveals rapid growth to $33.34B across 3,419 deals (CAGR 15.7%), with pharmaceuticals and biotechnology capturing 64.6% of funding and a 141% surge in pharma/technology investment from 2019–2020, underscoring accelerating investor interest in GI biotech, pharma, and devices.
2025
Jurnal Ilmiah …
The effect of business capital and product innovation on business performance in human resource management
2025
N/A
The Impact of Corporate Venture Capital CVC Investment Strategy on the Innovation Performance of the Parent Company
2025
Turkish Studies-Economics …
Fueling the Future: The Impact of Venture Capital on AI Compute Start-Ups and Sustainable Innovation.
Venture capital investments specifically targeting AI compute and sustainability significantly boost the formation of AI compute start-ups, according to research analyzing data from 11 countries between 2012 and 2024.
2025
… Capital Operations: An Empirical Analysis
Artificial intelligence in venture capital operations: An empirical analysis
This paper empirically analyzes the adoption and impact of artificial intelligence within venture capital firms, noting its increasing integration into business operations since 2022.
2025
The Palgrave encyclopedia of private equity
Venture capital and corporate governance of entrepreneurial ventures
Venture capital significantly influences the corporate governance of entrepreneurial ventures by supplying financial resources, strategic guidance, and expertise throughout their organizational life cycle.
2025
European Journal of Sustainable …
Investor behavior in venture capital investment: an analytical study of Georgian and Central-Eastern European startup markets
This research paper analyzes venture capital investor behaviors and preferences within the startup ecosystems of Georgia and Central Europe, comparing their distinct investment drivers and risk tolerances.
2025
… Innovation & Regulatory …
The Inflation Reduction Act's impact upon early-stage venture capital investments
The Inflation Reduction Act has prompted a shift in early-stage venture capital, favoring large molecule drug development over small molecules targeting the Medicare-aged population due to perceived lower investment risk.
2025
Research in International …
Decentralized autonomous organizations: The new global digital venture capital
Decentralized Autonomous Organizations (DAOs) are emerging as a new global digital venture capital model, with this research exploring their differences from traditional VC funds and their impact on the investment landscape.
2025
The journal of technology transfer
Public grants beneficiaries and venture capital-backed firms: a tale of two funding strategies: A. Bellucci et al.
This research explores the distinct characteristics and funding strategies of firms benefiting from public grants versus venture capital, finding that VC-backed companies tend to be more innovative, while grant recipients are often smaller and older.
2025
SHS Web of Conferences
Gender Diversity and Venture Capital Sustainability
New research indicates that the impact of gender diversity on venture capital sustainability is not uniform, but rather varies across different companies within the industry.
2025
Research in International …
Insights for sustainable business practices: Comparative impact of independent and corporate venture capital funding on financial and environmental performance
2025
N/A
Venture capital start-up selection
2025
Romanian Economic and Business Review
ACCELERATORS AS CATALYSTS: HELPING ROMANIAN STARTUPS EXPAND THROUGH WESTERN VENTURE CAPITAL
This analysis explores how war is linguistically defined and understood, examining the profound impact of language on our perception of conflict and its societal implications.
2025
Business Horizons
Venture studios beyond the hype: Key challenges and a way forward
This research decodes the venture studio model by examining its core design choices and challenges, such as unclear missions and misaligned incentives, to foster standardization and stakeholder alignment in this rapidly emerging area of venture creation.
2025
arXiv preprint arXiv …
From Limited Data to Rare-event Prediction: LLM-powered Feature Engineering and Multi-model Learning in Venture Capital
This research presents a framework that uses LLM-powered feature engineering and a multi-model learning architecture to predict rare, high-impact outcomes, particularly in venture capital, by analyzing limited and noisy early-stage data.
2025
N/A
Unlocking Venture Capital Access for Women Entrepreneurs: Practical Strategies to Overcome the Gender Gap in Startup Funding
This research investigates the gender gap in venture capital funding for women entrepreneurs in Sweden, exploring disparities in pitch processes and proposing strategies for investors and entrepreneurs to improve access.
2025
N/A
Role of private equity and venture capital in hospital networks
No summary available.
2025
N/A
Financial performance analysis of pre-and post-listing of a venture capital backed company quick heal technologies limited
A study on Quick Heal Technologies Limited's financial performance before and after its IPO reveals improved operational efficiency post-listing, while profitability and liquidity remained stable, indicating that the IPO primarily boosted long-term scalability and market credibility.
2025
Journal of Banking Regulation
Regulating Banks' Engagement in Venture Capital: Evidence from Taiwan
This research examines how banks' venture capital engagement affects financial stability, using evidence from Taiwan, and proposes that regulated VC participation can enhance portfolio diversification and reduce default risk, challenging the rationale for strict separation between commercial and investment banking.
2025
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