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We study a regional economy with a large number of entrepreneurs who own firms and who want to go public. Specifically …
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We study a regional economy with a large number of entrepreneurs who own firms and who want to go public. Specifically …
Persistent link: https://www.econbiz.de/10013141160
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We use a two period model to analyze the contractual relationship between entrepreneurs and venture capitalists in an … (collateralizable income) on investment by entrepreneurs. Next, we analyze the interaction between entrepreneurs and venture capitalists … second period entrepreneurs. We show that a rise in the per capita debt has an effect on investment that is analogous to a …
Persistent link: https://www.econbiz.de/10013119355