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Public policy for start-up entrepreneurship with venture capital and bank finance

Keuschnigg, Christian; Nielsen, Søren Bo - 2003

This paper proposes and analyses a model of start-up investment. Innovative entrepreneurs are commercially …

Persistent link: https://www.econbiz.de/10011514147

Profit taxation and finance constraints

Keuschnigg, Christian; Ribi, Evelyn - 2010

In the absence of financing frictions, profit taxes reduce investment by their effect on the user cost of capital. With … finance constraints due to moral hazard, investment becomes sensitive to cash-flow and own equity of firms. We propose a … corporate finance model of investment and derive three central results: (i) Even small taxes impose first order welfare losses …

Persistent link: https://www.econbiz.de/10003926261

Start-up investment with scarce venture capital support

Kanniainen, Vesa; Keuschnigg, Christian - 2001

Start-up entrepreneurs are often commercially inexperienced. In giving managerial advice, venture capitalists can importantly enhance the success of innovative but highly risky ventures. The supply of experienced venture capitalists is not easily increased, however. When the rate of business...

Persistent link: https://www.econbiz.de/10011398098

Public policy for venture capital

Keuschnigg, Christian; Nielsen, Søren Bo - 2001

investment, and output subsidies at the production stage. While these measures stimulate entrepreneurship, only cost …

Persistent link: https://www.econbiz.de/10011398877

Venture capital backed growth

Keuschnigg, Christian - 2002

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...

Persistent link: https://www.econbiz.de/10011409024

Start-ups, venture capitalists, and the capital gains tax

Keuschnigg, Christian; Nielsen, Søren Bo - 2002

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

A growth oriented dual income tax

Keuschnigg, Christian (contributor); … - 2005

demonstrates the neutrality properties of the reform with respect to investment, firm financial decisions and organizational choice …. Tax rates are chosen to prevent income shifting from labor to capital income. The reform decisively strengthens investment …

Persistent link: https://www.econbiz.de/10003113308

Integration and search unemployment : an analysis of Eastern EU enlargement

Heijdra, Ben J.; Keuschnigg, Christian - 2000

The paper develops a unified general equilibrium model including savings with overlapping generations, investment and …

Persistent link: https://www.econbiz.de/10009781622