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The Financing of Innovation : Learning and Stopping
Bergemann, D.; Hege, U. - Tilburg University, Center for Economic Research - 2001
This paper considers the financing of a research project under uncertainty about the time of completion and the probability of eventual success.The uncertainty about future success gradually diminishes with the arrival of additional funding.The entrepreneur controls the funds and can divert...
Persistent link: https://www.econbiz.de/10011090781
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Comparative Venture Capital Governance. Private versus Labour Sponsored Venture Capital Funds
Cumming, Douglas J.; MacIntosh, Jeffrey G. - CESifo - 2003
chapter contrasts the governance of LSVCCs to limited partnerships. We also summarize Canadian evidence on the impact of LSVCC … governance and tax incentives: (1) on the distribution of venture capital funding between private and LSVCC funds; (2) on the …
Persistent link: https://www.econbiz.de/10005406303
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Public Policy and Venture Capital Backed Innovation
Keuschnigg, Christian - CESifo - 2003
gains taxation, innovation subsidies, public R&D spending and other policy initiatives. …
Persistent link: https://www.econbiz.de/10005766108
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Venture Capital Backed Growth
Keuschnigg, Christian - CESifo - 2002
The paper proposes a simple equilibrium model of venture capital, entrepreneurship and innovation. Venture capitalists … productive and active VC industry boosts innovation driven growth. …
Persistent link: https://www.econbiz.de/10005405803