Public Policy For Venture Capital

Author : Vesa Kanniainen,Christian Keuschnigg
Publisher : MIT Press
Page : 324 pages
File Size : 55,9 Mb
Release : 2004-12-03
Category : Business & Economics
ISBN : 0262263394

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Venture Capital, Entrepreneurship, and Public Policy by Vesa Kanniainen,Christian Keuschnigg Pdf

Experts in public economics and financial economics discuss the special role of venture capital and if public policy should promote the venture capital industry; empirical and theoretical perspectives are developed. The existing literature in both public economics and financial economics often fails to consider how appropriate and effective public policy may be in promoting the venture capital industry. Public economics has dealt extensively with the effect of taxes and subsidies but has neglected the unique role of venture capitalists as active investors who provide not only funding but added value. Financial economics has emphasized the special role of the venture capitalist but has not focused on the real effects of venture capital in industry equilibrium or the role of public policy. This volume in the CESifo Seminar series brings together experts in public and financial economics to develop a theoretically and empirically informed international policy perspective for an era in which policymakers increasingly look to venture capital as a source of jobs, innovation, and economic growth. The chapters in part I analyze data on the levels of venture capital fundraising in Europe, problems in the bank-oriented beginnings of German venture capital finance in the 1970s, and the inefficiency of Canadian labor-sponsored venture capital funds. Part II looks at the effect of venture capital on labor market performance, the importance of exit opportunities, and the effect of information inflows on the venture capital cycle. The chapters in part III take the perspective of public economics, reviewing the role of public policy in addressing potential market failures, improving the quality of venture capital investments, and affecting entrepreneurial business activity through tax policy.

Author : Arnd Plagge
Publisher : Springer Science & Business Media
Page : 152 pages
File Size : 40,7 Mb
Release : 2007-09-24
Category : Business & Economics
ISBN : 9783835090484

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Public Policy for Venture Capital by Arnd Plagge Pdf

Arnd Plagge evaluates public policy for venture capital in the USA and Germany and presents a comprehensive study of the American and the German market for venture capital. He shows that current German public policies aimed at fostering venture capital activity are severely flawed and that only a reversal of priorities, away from supply-side policies towards a demand-oriented stance, will yield real payoffs.

Author : Tom Nicholas
Publisher : Harvard University Press
Page : 401 pages
File Size : 47,8 Mb
Release : 2019-06-03
Category : Business & Economics
ISBN : 9780674988002

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VC by Tom Nicholas Pdf

From nineteenth-century whaling to a multitude of firms pursuing entrepreneurial finance today, venture finance reflects a deep-seated tradition in the deployment of risk capital in the United States. Tom Nicholas’s history of the venture capital industry offers a roller coaster ride through America’s ongoing pursuit of financial gain.

Author : Hans Landstr”m,Colin Mason
Publisher : Edward Elgar Publishing
Page : 305 pages
File Size : 42,7 Mb
Release : 2012-01-01
Category : Business & Economics
ISBN : 9781781009116

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Handbook of Research on Venture Capital by Hans Landstr”m,Colin Mason Pdf

ÔThis exciting second volume of cutting-edge research on venture capital takes up where volume one leaves off, bringing greater depth to topics covered in the first volume (such as angel investing) and adding new topics and insights. It poses interesting questions such as Ð Is venture capital in crisis? Are new models of early investing needed? Ð and offers carefully researched answers. Landstršm and Mason provide insightful commentary and skillfully pinpoint the contributions of a talented set of researchers. Both scholars and practitioners of venture capital will want to read this book.Õ Ð Harry J. Sapienza, University of Minnesota, US ÔThe second edition of the Handbook of Research on Venture Capital provides an important guidepost for venture capital researchers. As Landstršm and Mason point out, the nature of venture capital has changed dramatically over the last ten years. The asset class as a whole has failed to return principal and the old model is under tremendous strain. The contributors nicely highlight many of these changes, especially how venture capital has scaled beyond the US. For those of us active in venture capital research, the chapters raise many interesting research questions that deserve further attention.Õ Ð Andrew Zacharakis, Babson College, US This Handbook charts the development of venture capital research in light of the global financial crisis, starting with an analysis of the current venture capital market and the changing nature of the business angel market. Looking at governance structures, the performance of venture capitalists in terms of investments, economic impact and human capital, and the geographical organization of business angels and venture capital global ÔhotspotsÕ, this book also analyses the current state of venture capital research and offers a roadmap for the future.

Author : Vesa Kanniainen,Christian Keuschnigg
Publisher : Mit Press
Page : 293 pages
File Size : 41,5 Mb
Release : 2005
Category : Business & Economics
ISBN : 0262112876

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Venture Capital, Entrepreneurship, and Public Policy by Vesa Kanniainen,Christian Keuschnigg Pdf

Experts in public economics and financial economics discuss the special role ofventure capital and if public policy should promote the venture capital industry; empirical andtheoretical perspectives are developed.

Author : Douglas Cumming
Publisher : John Wiley & Sons
Page : 604 pages
File Size : 41,7 Mb
Release : 2010-04-29
Category : Business & Economics
ISBN : 9780470599754

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Venture Capital by Douglas Cumming Pdf

An essential guide to venture capital Studies have shown that venture capital backed entrepreneurial firms are on average significantly more successful than non-venture capital backed entrepreneurial firms in terms of innovativeness, profitability, and share price performance upon going public. Understanding the various aspects of venture capital is something anyone in any industry should be familiar with. This reliable resource provides a comprehensive view of venture capital by describing the current state of research and best practices in this arena. Issues addressed include sources of capital-such as angel investment, corporate funds, and government funds-financial contracts and monitoring, and the efficiency implications of VC investment, to name a few. Opens with a review of alternative forms of venture capital Highlights the structure of venture capital investments Examines the role venture capitalists play in adding value to their investee firms This informative guide will help you discover the true potential of venture capital.

Author : Phillip Ryan
Publisher : The Rosen Publishing Group, Inc
Page : 82 pages
File Size : 42,7 Mb
Release : 2012-07-01
Category : Juvenile Nonfiction
ISBN : 9781448867950

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How Venture Capital Works by Phillip Ryan Pdf

Explanations to the inner workings of one of the least understood, but arguably most important, areas of business finance is offered to readers in this engaging volume: venture capital. Venture capitalists provide necessary investment to seed (or startup) companies, but the startup is only the beginning, there is much more to be explored. These savvy investors help guide young entrepreneurs, who likely have little experience, to turn their businesses into the Googles, Facebooks, and Groupons of the world. This book explains the often-complex methods venture capitalists use to value companies and to get the most return on their investments, or ROI. This book is a must-have for any reader interested in the business world.

Author : Josh Lerner
Publisher : Princeton University Press
Page : 240 pages
File Size : 48,5 Mb
Release : 2012-02-26
Category : Business & Economics
ISBN : 9780691154534

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Boulevard of Broken Dreams by Josh Lerner Pdf

Discussing the complex history of Silicon Valley and other pioneering centres of venture capital, Lerner uncovers the extent of government influence in prompting growth. He examines the public strategies used to advance new ventures and reveals the common flaws undermining far too many programmes.

Author : Paul Alan Gompers,Joshua Lerner
Publisher : MIT Press
Page : 592 pages
File Size : 43,8 Mb
Release : 2004
Category : Business & Economics
ISBN : 0262072556

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The Venture Capital Cycle by Paul Alan Gompers,Joshua Lerner Pdf

An analysis of the venture capital process, from fund-raising through investing to exiting investments; a new edition with major revisions and six new chapters that reflect the latest research.

Author : Austan Goolsbee,Benjamin F. Jones
Publisher : University of Chicago Press
Page : 259 pages
File Size : 49,6 Mb
Release : 2022-03-25
Category : Business & Economics
ISBN : 9780226805450

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Innovation and Public Policy by Austan Goolsbee,Benjamin F. Jones Pdf

A calculation of the social returns to innovation /Benjamin F. Jones and Lawrence H. Summers --Innovation and human capital policy /John Van Reenen --Immigration policy levers for US innovation and start-ups /Sari Pekkala Kerr and William R. Kerr --Scientific grant funding /Pierre Azoulay and Danielle Li --Tax policy for innovation /Bronwyn H. Hall --Taxation and innovation: what do we know? /Ufuk Akcigit and Stefanie Stantcheva --Government incentives for entrepreneurship /Josh Lerner.

Author : Oliver Pfirrmann,Udo Wupperfeld,Joshua Lerner
Publisher : Springer Science & Business Media
Page : 165 pages
File Size : 51,7 Mb
Release : 2012-12-06
Category : Science
ISBN : 9783642486838

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Venture Capital and New Technology Based Firms by Oliver Pfirrmann,Udo Wupperfeld,Joshua Lerner Pdf

The aim of this study is to investigate in the role of Venture Capital in the development of New Technology Based Firms in two countries: USA and Germany. Based on literature review and empirical work issues concerning the extent and stage of financing, the nature of oversight provided by Venture Capitalists and the framework conditions for Venture Capital are subject of investigation. The results have been reflected in a workshop with experts from research, industry and policy.

Author : João Leitão,Rui Baptista
Publisher : Springer Science & Business Media
Page : 288 pages
File Size : 53,8 Mb
Release : 2009-06-10
Category : Business & Economics
ISBN : 9781441902498

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Public Policies for Fostering Entrepreneurship by João Leitão,Rui Baptista Pdf

39 One of the main challenges facing the member states of the European Union (EU) is 40 the fundamental need to accept the strategic importance of entrepreneurship as a force 41 for regional development and economic growth. Definition of this urgent objective 42 is set in the context of the European Council in Lisbon in March 2000, where there 43 was focus on other operational goals directed to improving performance in European 44 regions in terms of different variables indicating the level of economic activity, 45 particularly employment, real convergence, economic reform, and social cohesion. 46 In 2003, the European Commission (EC) initiated the public debate around the 47 need to strengthen entrepreneurship in the European Union, through publication of 48 the “Green Paper on Entrepreneurship” in Europe which raised two fundamental 49 questions for reflection by policymakers, entrepreneurs, and individuals: (a) why 50 do so few Europeans set up their own business? and (b) why are so few European 51 businesses growing? 52 Later, in the context of the 2004 Spring European Council, the European 53 Commission launched the “Entrepreneurship Action Plan” which aimed fundamen- 54 tally to: (1) change the way society views entrepreneurs, (2) create conditions to 55 encourage more individuals to become entrepreneurs, (3) allow SMEs and entre- 56 preneurs to be more competitive and assume a more important role in determining 57 growth, (4) improve conditions for access to finance by SMEs and entrepreneurs, 58

Author : Martin Kramer
Publisher : Unknown
Page : 80 pages
File Size : 43,8 Mb
Release : 1980
Category : Electronic
ISBN : 0608152528

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The Venture Capital of Higher Education by Martin Kramer Pdf

Author : Terry F. Buss
Publisher : Bloomsbury Publishing USA
Page : 256 pages
File Size : 47,5 Mb
Release : 2001-03-30
Category : Political Science
ISBN : 9780313000461

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Capital, Emerging High-Growth Firms and Public Policy by Terry F. Buss Pdf

Policy makers--Republican and Democrat, liberal and conservative--call for federal intervention to fund emerging high-growth industries, believing they are starved for capital. Congressional hearings, newspapers, industry newsletters, and government reports all assert that capital gaps exist for these firms. But the widely held belief that emerging high-growth firms like those in high technology--so vital to the growth of the U.S. economy--face severe capital gaps, preventing them from starting up or growing to their full potential, is false. This book systematically brings together, for the first time, disparate sources of information from a wide variety of disciplines and synthesizes them into a compelling case against federal intervention. Scientific studies, conventional wisdom among entrepreneurs and investors, and economic reasoning all fail to support the existence of widespread capital gaps for start-up high-growth firms. Nor does this evidence show capital in short supply in some regions, in industrial sectors including high technology, or for women and minorities. Nor do existing federal programs providing capital to emerging high-growth businesses reveal capital gaps. Rather, they either unnecessarily duplicate private investment or represent poor investment decisions. This study shows that calls for increased federal intervention, using public monies to plug capital gaps, are unjustified.

Author : Jack Rabin
Publisher : CRC Press
Page : 734 pages
File Size : 40,9 Mb
Release : 2003
Category : Business & Economics
ISBN : 0824709462

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Encyclopedia of Public Administration and Public Policy: A-J by Jack Rabin Pdf

From the Nuremberg trials to the Civil Service Reform Act of 1978 to recent budget reconciliation bills, the Encyclopedia of Public Administration and Public Policy provides detailed coverage of watershed policies and decisions from such fields as privatization, biomedical ethics, education, and diversity. This second edition features a wide range of new topics, including military administration, government procurement, social theory, and justice administration in developed democracies. It also addresses current issues such as the creation of the Department of Homeland Security and covers public administration in the Middle East, Africa, Southeast Asia, the Pacific, and Latin America.