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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...
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The paper proposes a simple equilibrium model of venture capital, entrepreneurship and innovation. Venture capitalists … productive and active VC industry boosts innovation driven growth. …
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reforms that would likely increase the rate of innovation and the number of startups due to immigrants in the country. Key …
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This paper reviews the literature on the role of public equity markets in the innovation ecosystem. The review … paper discusses the potential shortcomings of public equity markets that may hinder innovation, and highlights various …
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