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...

A venture capitalist faces a trade-off between the extent of managerial advice allocated to each start-up and the total number of firms advised. Diminishing returns to advice per firm call for a larger portfolio. As advice gets diluted, further expansion of the portfolio eventually becomes...

A venture capitalist faces a trade-off between the extent of managerial advice allocated to each start-up and the total number of firms advised. Diminishing returns to advice per firm call for a larger portfolio. As advice gets diluted, further expansion of the portfolio eventually becomes...

This paper proposes a growth-oriented dual-income tax by combining an allowance for corporate equity with a broadly defined flat tax on personal capital income. Revenue losses are compensated by an increase in the value added tax. The paper demonstrates the neutrality properties of the reform...

Bei dem so genannten "Job-Gipfel" hat sich die Bundesregierung mit Spitzenvertretern der Opposition auf Steuererleichterungen für Unternehmen geeinigt. Nach Ansicht von Jürgen R. Thumann, BDI, werden Steuerentlastungen zu mehr Investitionen und Arbeitsplätzen führen, denn "sie sind als...

Bei dem so genannten "Job-Gipfel" hat sich die Bundesregierung mit Spitzenvertretern der Opposition auf Steuererleichterungen für Unternehmen geeinigt. Nach Ansicht von Jürgen R. Thumann, BDI, werden Steuerentlastungen zu mehr Investitionen und Arbeitsplätzen führen, denn "sie sind als...