Starting a firm with expansive potential is an option for educated and high-skilled workers. This option serves as an insurance against unemployment caused by labor market frictions and hence increases the incentives for education. We show within a matching model that reducing the start-up costs...

This report covers seed stage financing for high growth companies in OECD and non-OECD countries with a primary focus on angel investment. The paper provides an overview of angel financing, including a description of how it has evolved in OECD and non-OECD countries and policy interventions...

Zwar nutzten Unternehmen in den letzten Jahren verstärkt Corporate-Venture-Capital-Programme, doch blieb die wissenschaftliche Diskussion zu Zielsetzungen und stategischen Wirkungen solcher Programme bisher begrenzt. Behrend Freese geht der Frage nach, welchen strategischen Mehrwert...