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The paper proposes a simple equilibrium model of venture capital, entrepreneurship and innovation. Venture capitalists … productive and active VC industry boosts innovation driven growth. …
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gains taxation, innovation subsidies, public R&D spending and other policy initiatives. …
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gains taxation, innovation subsidies, public R&D spending and other policy initiatives. …
Persistent link: https://www.econbiz.de/10001816501
Venture capitalists not only finance but also advise and thereby add value to young innovative firms. The prospects of venture capital backed firms thus depend on joint efforts of entrepreneurs and informed venture capitalists, and are subject to double moral hazard. In financing a portfolio of...
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This study starts from the premise that youngentrepreneurial firms are an important source of innovation and growth …
Persistent link: https://www.econbiz.de/10014201366