This paper presents evidence about the shortfall of venture capital in Canada relative to comparable regions in the United States, despite massive government spending on governmental venture capital programs in Canada. The Government of Canada committed $500 million towards venture capital in...

The future of the western industrialized economies, including Canada, depends on healthy and innovative high-tech sectors. In 2010, this realization spurred the Canadian government to commission a blue-ribbon panel charged with assessing the state of programs designed to support business and...

The most efficient venture capital investment duration for different types of entrepreneurial firms is investigated, with the goal that on exit from the investment, the information asymmetries between the venture capitalist as seller and the new owners of the investment are minimized and capital...

Venture capital exit vehicles enable, to different degrees, mitigation of informational asymmetries and agency costs between the entrepreneurial venture and the new owners of the firm. Different exit vehicles also affect the amount of new capital for the entrepreneurial firm. Based on these...

The use of event study methodology (“ESM”) for computing damages for secondary market misrepresentations is poorly understood by lawyers, judges, and policy makers in Canada. This paper reviews the economic foundations of ESM and discusses the various pitfalls that may arise, particularly in...