ORCID: https://orcid.org/0000-0002-5011-0828
(2002):
Der Markt für Venture Capital: Anreizprobleme, Governance Strukturen und staatliche Interventionen.
In: Perspektiven der Wirtschaftspolitik, Vol. 3, No. 3: pp. 235-255
This is the latest version of this item.
Abstract
In this paper we give an overview, with special emphasis on Germany, of the recent development of the market for venture capital. We analyse the financial contracting problems that arise when entrepreneurs need capital from outside investors, and demonstrate how these problems are addressed by the institutions and contracts observed in the market for venture capital. Finally, we discuss the arguments in favour of government subsidies for private R and D, and argue that there are positive incentive effects if these subsidies are given to venture capital financed projects, rather than to established firms.
Item Type: | Journal article |
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Faculties: | Economics Economics > Chairs > Seminar for Economic Theory |
Subjects: | 300 Social sciences > 330 Economics |
Language: | German |
Item ID: | 20320 |
Date Deposited: | 15. Apr 2014 08:58 |
Last Modified: | 29. Apr 2016 09:17 |
Available Versions of this Item
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Der Markt für Venture Capital: Anreizprobleme, Governance Strukturen und staatliche Interventionen. (deposited 13. Apr 2005)
- Der Markt für Venture Capital: Anreizprobleme, Governance Strukturen und staatliche Interventionen. (deposited 15. Apr 2014 08:58) [Currently Displayed]