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productive and active VC industry boosts innovation driven growth. …The paper proposes a simple equilibrium model of venture capital, entrepreneurship and innovation. Venture capitalists …
Persistent link: https://www.econbiz.de/10011409024
productive and active VC industry boosts innovation driven growth …The paper proposes a simple equilibrium model of venture capital, entrepreneurship and innovation. Venture capitalists …
Persistent link: https://www.econbiz.de/10013320625
Venture capitalists not only finance but also advise and thereby add value to young innovative firms. The prospects of venture capital backed firms thus depend on joint efforts of entrepreneurs and informed venture capitalists, and are subject to double moral hazard. In financing a portfolio of...
Persistent link: https://www.econbiz.de/10011514038
gains taxation, innovation subsidies, public R&D spending and other policy initiatives. …
Persistent link: https://www.econbiz.de/10011511054
productive and active VC industry boosts innovation driven growth. …The paper proposes a simple equilibrium model of venture capital, entrepreneurship and innovation. Venture capitalists …
Persistent link: https://www.econbiz.de/10010315460
productive and active VC industry boosts innovation driven growth. …The paper proposes a simple equilibrium model of venture capital, entrepreneurship and innovation. Venture capitalists …
Persistent link: https://www.econbiz.de/10005405803
A model of start-up finance with double moral hazard is proposed. Entrepreneurs have ideas but lack own resources as well as commercial experience. Venture capitalists provide start-up finance and managerial support. Both types of agents thus jointly contribute to the firm s success, but neither...
Persistent link: https://www.econbiz.de/10011410298
In recent years, venture capital has become an important source for nancing young entrepreneurial rms. Given the apparently more innovative nature and extra value added of venture capital backed rms compared to other firms, policy makers have taken an increasing interest in an active venture...
Persistent link: https://www.econbiz.de/10012142333
This paper provides new evidence on the relationship between innovation, competition and distance to the technology … product innovations. Secondly, there is evidence that innovation and competition are more positively correlated at low levels … positively correlated with product innovation when a firm is more advanced than its main competitor. In other cases, this …
Persistent link: https://www.econbiz.de/10008568450
financing affects firm innovation and growth. The results highlight the essential role of VC financing for U.S. innovation and … growth and suggest that VC development in other countries could promote their economic growth …
Persistent link: https://www.econbiz.de/10013293235