An Elementary Model of VC Financing and Growth

This article uses an endogenous growth model to study how the improvements in financing for innovative start-ups brought by venture capital (VC) affect firm innovation and growth. Partial equilibrium results show how lending contracts change as financing efficiency improves, while general equilibrium results show that better screening and development of projects by VC investors leads to higher aggregate productivity growth

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Year of publication:	2023
Authors:	Greenwood, Jeremy ; Han, Pengfei ; Inokuma, Hiroshi ; Sanchez, Juan M.
Publisher:	[S.l.] : SSRN
Subject:	Finanzmarkt \| Financial market \| Theorie \| Theory \| Wirtschaftswachstum \| Economic growth \| Finanzsektor \| Financial sector

Extent:	1 Online-Ressource (8 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Federal Reserve Bank of St. Louis REVIEW Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 2023 erstellt
Classification:	E13 - Neoclassical ; E22 - Capital; Investment (including Inventories); Capacity ; G24 - Investment Banking; Venture Capital; Brokerage ; L26 - Entrepreneurship ; O16 - Financial Markets; Saving and Capital Investment ; O31 - Innovation and Invention: Processes and Incentives ; O40 - Economic Growth and Aggregate Productivity. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014258415