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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
investment, and output subsidies at the production stage. While these measures stimulate entrepreneurship, only cost …
Persistent link: https://www.econbiz.de/10011398877
investment, and output subsidies at the production stage. While these measures stimulate entrepreneurshiip, only cost …
Persistent link: https://www.econbiz.de/10011536274
, progressive taxation as well as investment and output subsidies to the entrepreneurial sector. …
Persistent link: https://www.econbiz.de/10011536625
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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/10001679844
Persistent link: https://www.econbiz.de/10001520172
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