Venture capital: Generator of growth of SME investment activities

The aim of the paper is to point out the importance and role of venture capital in creation of new values based on the knowledge economy. By reviewing relevant literature about venture capital, this paper presents the importance of the venture capital investments in innovative activities of SMEs tha...

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Main Authors: Dželetović Milenko, Milošević Marko, Čičić Sonja
Format: Article
Language:English
Published: Economics institute, Belgrade 2017-01-01
Series:Industrija
Subjects:
Online Access:http://scindeks-clanci.ceon.rs/data/pdf/0350-0373/2017/0350-03731703007D.pdf
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author Dželetović Milenko
Milošević Marko
Čičić Sonja
author_facet Dželetović Milenko
Milošević Marko
Čičić Sonja
author_sort Dželetović Milenko
collection DOAJ
description The aim of the paper is to point out the importance and role of venture capital in creation of new values based on the knowledge economy. By reviewing relevant literature about venture capital, this paper presents the importance of the venture capital investments in innovative activities of SMEs that have an impact on economic growth. Pointing to the importance and quantifying the overall effects of venture capital investments, will be used the overview and trends in venture capital investments in the sectors of economy in Europe which generate a larger number of patents. According to data during the period of 2007 - 2015 will be defined venture capital investments and number of registered patents in the sectors of the knowledge economy. Empirical analysis indicated that the venture investments in the sectors of the knowledge economy generated more patents in those sectors. In addition, the paper analyzes the venture capital investment and innovation activities of SMEs, which are reflected in patent activities, where the result is a correlation between these activities in the European economies.
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spelling doaj.art-33e9d44160a14c2b96d7b9abf6fc21812022-12-22T03:21:01ZengEconomics institute, BelgradeIndustrija0350-03732334-85262017-01-0145372210.5937/industrija45-112100350-03731703007DVenture capital: Generator of growth of SME investment activitiesDželetović Milenko0Milošević Marko1Čičić Sonja2University EDUCONS, Faculty of Business Economy, Sremska Kamenica, Sremska Kamenica, SerbiaCredit Agricole Bank A.D Novi SadHalkbank a.d + Elektrovojvodina d.o.oThe aim of the paper is to point out the importance and role of venture capital in creation of new values based on the knowledge economy. By reviewing relevant literature about venture capital, this paper presents the importance of the venture capital investments in innovative activities of SMEs that have an impact on economic growth. Pointing to the importance and quantifying the overall effects of venture capital investments, will be used the overview and trends in venture capital investments in the sectors of economy in Europe which generate a larger number of patents. According to data during the period of 2007 - 2015 will be defined venture capital investments and number of registered patents in the sectors of the knowledge economy. Empirical analysis indicated that the venture investments in the sectors of the knowledge economy generated more patents in those sectors. In addition, the paper analyzes the venture capital investment and innovation activities of SMEs, which are reflected in patent activities, where the result is a correlation between these activities in the European economies.http://scindeks-clanci.ceon.rs/data/pdf/0350-0373/2017/0350-03731703007D.pdfventure capitalcreating new valuesSMEsknowledge economyeconomic growth
spellingShingle Dželetović Milenko
Milošević Marko
Čičić Sonja
Venture capital: Generator of growth of SME investment activities
Industrija
venture capital
creating new values
SMEs
knowledge economy
economic growth
title Venture capital: Generator of growth of SME investment activities
title_full Venture capital: Generator of growth of SME investment activities
title_fullStr Venture capital: Generator of growth of SME investment activities
title_full_unstemmed Venture capital: Generator of growth of SME investment activities
title_short Venture capital: Generator of growth of SME investment activities
title_sort venture capital generator of growth of sme investment activities
topic venture capital
creating new values
SMEs
knowledge economy
economic growth
url http://scindeks-clanci.ceon.rs/data/pdf/0350-0373/2017/0350-03731703007D.pdf
work_keys_str_mv AT dzeletovicmilenko venturecapitalgeneratorofgrowthofsmeinvestmentactivities
AT milosevicmarko venturecapitalgeneratorofgrowthofsmeinvestmentactivities
AT cicicsonja venturecapitalgeneratorofgrowthofsmeinvestmentactivities