[1] Kamkar, A., Jokartang Karami, A., and Zare, K. (2013). Investigating the effect of capital acquisition ease on designing the capital structure of small and medium enterprises (Case study: knowledge-based companies). The Second National Conference on Accounting - Financial Management and Investment, Golestan Province, Gorgan. {In Persian}.
[2] Salehi, A. K., and Setareh Aseman, H. (2010). Venture capital, a new financing tool for entrepreneurs. Financial Engineering and Portfolio Management, 1(1), 103-124. {In Persian}.
[3] Gompers, P., and Lerner, J. (2000). The determinants of corporate venture capital success: Organizational structure, incentives, and complementarities. In Concentrated corporate ownership (pp. 17-54). University of Chicago Press.
[4] Titvack, K. (2006). Emerging Markets Clean up Their Act. Journal of Euromoney, 37(442), 158-160.
[5] Jakovljević, S. (2016). The role of banks and venture capital for firm performance.
[6] Brown, J. R. (2005). Venture capital and firm performance over the long-run: Evidence from high-tech IPOs in the United States. Journal of Entrepreneurial Finance, JEF, 10(3), 1-33.
[7] Gompers, P., and Lerner, J. (2001). The venture capital revolution. Journal of Economic Perspectives, 15(2), 145-168.
[8] Kortum, S., and Lerner, J. (2000). Assessing the contribution of venture capital to innovation. RAND Journal of Economics, 31(4), 674–692.
[9] Gompers, P. A., and Lerner, J. (1999). Conflict of Interest in Issuance of Public Securities: Evidence from Venture Capital. Journal of Low and Economics, 42, 1-28.
[10] Hellman, T. F. (2000). Venture capitalists: The coaches of Silicon Valley. In William F. Miller, Marguerite G. Hancock and Henry S. Rowen, eds.: The Silicon Valley edge: A habitat for innovation and entrepreneurship (Stanford University Press, Stanford, CA).
[11] Gompers, P. A. (1997). Ownership and control in entrepreneurial firms: an examination of convertible securities in venture capital investments. Unpublished working paper, Harvard Business School.
[12] Bygrave, W. D., & Timmons, J. (1992). Venture capital at the crossroads. University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship.
[13] Hellman, T. F., and Puri, M. (2000). The interaction between product market and financing strategy: The role of venture capital. Review of Financial Studies, 13, 959-984.
[14] Gompers, P.A., and Lerner, J. (1998). Risk and reward in private equity investments: The challenge of performance assessment. Journal of Private Equity, 1(Winter), 5-12.
[15] Gompers, P. A. (1996). Grandstanding in the venture capital industry. Journal of Financial economics, 42(1), 133-156.
[16] Hellman, T. F., and Puri, M. (2002). Venture capital and the professionalization of start-up firms: Empirical evidence. Journal of Finance, 57, 169-198.
[17] Chemmanur, T., Krishnan, K., and Nandy, D. (2011). How does venture capital financing improve efficiency in private firms? A look beneath the surface. The Review of Financial Studies, 24(12), 4037-4090.
[18] Puri, M., and Zarutskie, R. (2012). On the life cycle dynamics of venture-capital and non-venturecapital financed irms. The Journal of Finance, 67(6), 2247-2293.
[19] Kerr, W., Lerner, J., and Schoar, A. (2014). The consequences of entrepreneurial finance: evidence from angel financings. Review of Financial Studies, 27(1), 20-55.
[20] Cole, R., Cumming, D., and Li, D. (2016). Do banks or VCs spur small firm growth?. Journal of International Financial Markets, Institutions and Money, 41, 60-72.
[21] Bottazzi, L., and Da Rin, M. (2002). Venture capital in Europe and the financing of innovative companies. Economic Policy, 17, 229-270.
[22] Popov, A., and Roosenboom, P. (2012). Venture capital and patented innovation: evidence from Europe. Economic Policy, 27(71), 447-482.
[23] Grilli, L., and Murtinu, S. (2014). Government, venture capital and the growth of european high-tech entrepreneurial firms. Research Policy, 43, 1523-1543.
[24] Cumming, D., Grilli, L., and Murtinu, S. (2017). Governmental and independent venture capital investments in Europe: a firm-level performance analysis. Journal of Corporate Finance, 42, 439-59.
[25] Bronzini, R., Caramellino, G., and Magri, S. (2017). Venture capitalists at work: What are the effects on the firms they finance?. Bank of Italy: Temi di Discussione (Working Paper), No. 1131.
[26] Gervasoni, A., Bollazzi, F., and Bosio, A. O. (2018). The Role of Venture Capital in Supporting the Development Process of Innovative Start-Ups: Evidence from the Italian Market. Management, 6(6), 484-501.
[27] Guo, D., and Jiang, K. (2013). Venture capital investment and the performance of entrepreneurial firms: Evidence from China. Journal of Corporate Finance, 22, 375-395.
[28] Megginson, W. L., and Weiss, K. A. (1991). Venture capitalist certification in initial public offerings. The Journal of Finance, 46(3), 879-903.
[29] Barry, C., Muscarella, C., Peavy, J., and Vetsuypens, M. (1990). The role of venture capital in the creation of public companies: evidence from the going public process. Journal of Financial Economics, 27, 447-71.
[30] Brav, A., and Gompers, P. (1997). Myth or reality? The long-run underperformance of initial public offerings: evidence from venture- and non-venture-capital-backed companies. Journal of Finance, 52, 1791-1821.
[31] Bradley, D. J., Jordan, B. D., Yi, H. C., and Roten, I. C. (2001). Venture capital and IPO lockup expiration: An empirical analysis. Journal of Financial Research, 24(4), 465-493.
[32] Lee, P. M., and Wahal, S. (2004). Grandstanding, certification and the underpricing of venture capital backed IPOs. Journal of Financial Economics, 73(2), 375-407.
[33] Jeong, J., Kim, J., Son, H., & Nam, D. I. (2020). The Role of Venture Capital Investment in Startups’ Sustainable Growth and Performance: Focusing on Absorptive Capacity and Venture Capitalists’ Reputation. Sustainability, 12(8), 3447.
[34] Pervan, M., Pervan, I., & Ćurak, M. (2019). Determinants of firm profitability in the Croatian manufacturing industry: evidence from dynamic panel analysis. Economic research-Ekonomska istraživanja, 32(1), 968-981.
[35] Majumdar, S. K. (1997). The impact of size and age on firm-level performance: Some evidence from India. Review of Industrial Organization, 12, 231–241.
[36] Isik, O., Unal, E. A., & Unal, Y. (2017). The effect of firm size on profitability: evidence from Turkish manufacturing sector. Journal of Business Economics and Finance, 6(4), 301-308.
[37] Shehata, N., Salhin, A., and El-Helaly, M. (2017). Board diversity and firm performance: Evidence from the U.K. SMEs. Applied Economics, 49(48), 1-16.
[38] Ravšelj, D., & Aristovnik, A. (2020). The Impact of R&D Expenditures on Corporate Performance: Evidence from Slovenian and World R&D Companies. Sustainability, 12(5), 1943.
[39] Marvel, M. R., & Lumpkin, G. T. (2007). Technology entrepreneurs’ human capital and its effects on innovation radicalness. Entrepreneurship Theory and Practice, 31(6), 807-828.
[40] Chiliya, N., & Roberts-Lombard, M. (2012). Impact of level of education and experience on profitability of small grocery shops in South Africa. International Journal of Business Management and Economic Research, 3(1), 462-470.
[41] Soltani, B., & Shaverdi, M. (2019). Science, Technology and Innovation Financing. Journal of Science & Technology Policy, 11(2), 297-314. {In Persian}.
[42] Motavasseli, M., Shojaei, S., Mohammadi Eliasi, GH., & Chitsazan, H. (2018). Exploring the Institutional Challenges of Transactions between Venture Capitals – Technological Firms. Journal of Science & Technology Policy, 9(4), 1-14. {In Persian}.
)