Public policy for start-up entrepreneurship with venture capital and bank finance

Christian Keuschnigg, Søren Bo Nielsen

This paper proposes and analyses a model of start-up investment. Innovative entrepreneurs are commercially inexperienced and can benefit from venture capital support. Only part of them succeed in matching with a venture capitalist while the rest must resort to standard bank finance. We consider a number of policies to promote entrepreneurship and venture capital backed innovation.

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Year of publication:	January 2003
Authors:	Keuschnigg, Christian ; Nielsen, Søren Bo
Publisher:	Munich : CESifo, Center for Economic Studies & Ifo Institute
Subject:	venture capital bank finance \| matching \| moral hazard \| public policy \| Unternehmensgründung \| Business start-up \| Investition \| Investment \| Entrepreneurship \| Entrepreneurship approach \| Risikokapital \| Venture capital \| Wirtschaftspolitik \| Economic policy \| Theorie \| Theory \| Wirtschaftsförderung \| Regional business growth programme \| Bank \| Finanzierung

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Extent:	1 Online-Ressource (circa 39 Seiten)
Series:	CESifo working papers. - München : [Verlag nicht ermittelbar], ISSN 2364-1428, ZDB-ID 2065232-X. - Vol. no. 850
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Other identifiers:	hdl:10419/76268 [Handle]
Classification:	D82 - Asymmetric and Private Information ; G24 - Investment Banking; Venture Capital; Brokerage ; G28 - Government Policy and Regulation ; H24 - Personal Income and Other Nonbusiness Taxes and Subsidies
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011514147