Plausibly Exogenous [1312] - Sharing Resources (09/04/2023)
LHS Variable
Exchange of innovation resources
RHS Variable
Peer companies within the same VC portfolio
Source of Exogenous Variation
Staggered adoption of “prudent man rules” (PIR), which allow local pension funds to invest in venture capital across states in the US, as plausible exogenous variation in the composition of local VCs’ portfolios
- González-Uribe (2020), “Exchanges of innovation resources inside venture capital portfolios”