Only a small percentage of startups attract capital from venture capital investors. To determine the factors which owners of startups consider the most important for attracting seed venture investments, the founders of 40 startups in Latvia and Russia were questioned. The researchers compared organizational and financial factors’ importance for two groups of entrepreneurs: those who succeeded and those who failed in attracting funding. The results of the study indicate certain differences between the viewpoints of founders and investors regarding success factors. Based on the factor and regression analysis, the authors developed a model to forecast success in capital attraction.
Neoclassical economic theory states that the growth of the nation primarily is dependent on the innovation potential of the country. However, this theory is often being refuted by the recent empirical research, proving that the innovations are becoming more cost-extensive, late in generating return on invested capital and not as useful as they used to be. The present study researches the effect of innovation on the EU member-countries economic development, having selected R&D expenses, number of patents and number of researchers as innovation proxies. The results prove that there is a strong relationship between the R&D expenses and GDP growth as well as the labour productivity, but no evidence was found that the number of scientists or the number of patents significantly influence economic development of the country. The authors also ran a regression between the scientific productivity and impact and the GDP per capita to discover the strong relationship between the variables. However, the causality of the relationship should be studied further.
CSR Initiatives Introduction Status in Central and Eastern Europe and Their Importance for the Equity InvestorPublished: 01 January 2016 by Springer Nature in CSR, Sustainability, Ethics & Governance
Shareholder Value Sustainability Drivers Through The Prism Of Out- And Underperformers (Evidence From Central And Easter...Published: 01 January 2014 by Vilnius Gediminas Technical University in The 8th International Scientific Conference "Business and Management 2014"