Venture Capital Backed Growth

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 driven growth.

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Year of publication:	2002
Authors:	Keuschnigg, Christian
Institutions:	CESifo
Subject:	venture capital \| double moral hazard \| innovation \| growth

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Extent:	application/pdf
Series:	CESifo Working Paper Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 664
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005405803