Venture Capital Backed Growth

The paper proposes a simple equilibrium model of venture capital, entrepreneurship and innovation. Venture capitalists not only finance but also advise start-up entrepreneurs and thereby add value to new firms. The paper demonstrates how a productive and active VC industry boosts innovation driven growth.

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Year of publication:	2002-01
Authors:	Keuschnigg, Christian
Institutions:	School of Economics and Political Science, Universität St. Gallen
Subject:	Venture capital \| double moral hazard \| innovation \| growth

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Extent:	application/pdf
Series:	University of St. Gallen Department of Economics working paper series 2002.
Type of publication:	Book / Working Paper
Language:	English
Notes:	28 pages
Classification:	D82 - Asymmetric and Private Information ; G32 - Financing Policy; Capital and Ownership Structure ; O16 - Financial Markets; Saving and Capital Investment ; O40 - Economic Growth and Aggregate Productivity. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005453939