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The paper proposes a simple equilibrium model of venture capital, entrepreneurship and innovation. Venture capitalists not only finance but also advise start-up entrepreneurs and thereby add value to new firms. The paper demonstrates how a productive and active VC industry boosts innovation...
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, progressive taxation as well as investment and output subsidies to the entrepreneurial sector …
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The paper discusses the role of government policies and related support services in the formation of start-up businesses in South Korea. Start-ups can infuse an economy with renewed vigor, but it is questionable how Korea, an economy that has been dependent on a few large conglomerates in the...
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Investment trajectories of new enterprises are a largely neglected but important issue of new firms' business behavior …. This paper debuts in showing robust evidence of new venture investment time patterns by using investment time series of 4 … venture asset acquisition in the first years after market entry. The results unveil durations and levels of investment …
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