In this paper we propose a new rule to allocate risk capital to portfolios or divisions within a firm. Specifically, we … of portfolios is defined as the expected loss of that set of portfolios in excess of the amount of risk capital allocated …

entrepreneurs face the problem of financial constraints if starting their business and risk capital often is the only option for … level of early stage risk capital. With respect to the financial system the analysis reveals that a bank based system has a … negative impact on the relative amount of early stage VC investments while a market based system generates risk capital for …

's entire risk capital is committed to natural catastrophes. The following study aims to present two actual approaches in … risk capital requirement. …

the problem of financial constraints if starting their business, and risk capital could be their sole solution. However … technical and innovation opportunities as well as entrepreneurial environment influence the level of early-stage risk capital … relative amount of early stage VC investments, as a market-based system attracts risk capital for young entrepreneurs …

tage risk capital. The structure of the national financial system seems not to have a significant influence. …