Public Policy For Start-up Entrepreneurship With Venture Capital and Bank Finance

This paper proposes and analyses a model of start-up investment. Innovative entrepreneurs are commercially inexperienced and can benefit from venture capital support. Only part of them succeed in matching with a venture capitalist while the rest must resort to standard bank finance. We consider a number of policies to promote entrepreneurship and venture capital backed innovation.

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Year of publication:	2003-12
Authors:	Keuschnigg, Christian ; Nielsen, Soren Bo
Institutions:	School of Economics and Political Science, Universität St. Gallen
Subject:	Venture capital \| bank finance \| matching \| moral hazard \| public policy

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Extent:	application/pdf
Series:	University of St. Gallen Department of Economics working paper series 2003.
Type of publication:	Book / Working Paper
Language:	English
Notes:	36 pages
Classification:	D82 - Asymmetric and Private Information ; G24 - Investment Banking; Venture Capital; Brokerage ; G28 - Government Policy and Regulation ; H24 - Personal Income and Other Nonbusiness Taxes and Subsidies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005797651