Venture capitalists not only finance but also advise and thereby add value to young innovative firms. The prospects of venture capital backed firms thus depend on joint efforts of entrepreneurs and informed venture capitalists, and are subject to double moral hazard. In financing a portfolio of...

Im Zuge der fortschreitenden Internationalisierung gewinnen regionale Potentiale zunehmend an Bedeutung - Internationalisierung und Regionalisierung stehen quasi in einer komplementären Beziehung zueinander. Der Aufbau und die Stärkung regionaler Innovationssysteme bieten dabei enorme Chancen,...

Venture capitalists not only finance but also advise and thereby add value to young innovative firms. The prospects of venture capital backed firms thus depend on joint efforts of entrepreneurs and informed venture capitalists, and are subject to double moral hazard. In financing a portfolio of...