Venture Capital Entrepreneurship And Public Policy

Author : Vesa Kanniainen,Christian Keuschnigg
Publisher : MIT Press
Page : 324 pages
File Size : 49,8 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 : Vesa Kanniainen,Christian Keuschnigg
Publisher : Mit Press
Page : 293 pages
File Size : 45,8 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 : Rebecca Harding
Publisher : Institute for Public Policy Research
Page : 112 pages
File Size : 48,5 Mb
Release : 2000
Category : Business & Economics
ISBN : 186030141X

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Venturing Forward by Rebecca Harding Pdf

Author : Arnd Plagge
Publisher : Springer Science & Business Media
Page : 152 pages
File Size : 48,7 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 : Douglas Holtz-Eakin,Harvey S. Rosen
Publisher : MIT Press
Page : 244 pages
File Size : 48,9 Mb
Release : 2003-12-23
Category : Business & Economics
ISBN : 0262263092

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Public Policy and the Economics of Entrepreneurship by Douglas Holtz-Eakin,Harvey S. Rosen Pdf

This groundbreaking collection of essays by leading economists examines different aspects of entrepreneurship and its relation to public policy. Entrepreneurship has been a subject of much recent discussion among academics and policymakers because of the belief that it invigorates the economy—producing greater productivity, more jobs, and higher economic growth. President George W. Bush promoted his economic plan by pointing to its encouragement of entrepreneurship. Yet, despite its importance, the topic of entrepreneurship is underrepresented in the economics literature. The contributors to Public Policy and the Economics of Entrepreneurship examine different aspects of entrepreneurship and its relation to public policy to help us reach a better understanding of the economic role of entrepreneurs. The contributors, all prominent economists, first consider what policies effectively encourage entrepreneurship, discussing a possible role for government in venture capital markets, the effect of the tax code's subsidy of health insurance for the self-employed, and the impact of banking deregulation on entrepreneurial activity. Two contributors then examine entrepreneurship in "unexpected places"—not small businesses, but large pharmaceutical firms and nonprofit organizations. The final essays explore the effect of entrepreneurship on inequality, looking at statistical evidence of upward mobility for self-employed blacks and Hispanics and discussing the effect on entrepreneurial activity of policies to reduce wealth inequality. The contributors hope, by offering a rigorous economic examination of entrepreneurship, to foster better public policies that encourage and support entrepreneurial activity.

Author : Josh Lerner
Publisher : Princeton University Press
Page : 240 pages
File Size : 47,6 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 : David M. Hart
Publisher : Cambridge University Press
Page : 309 pages
File Size : 47,8 Mb
Release : 2003-10-27
Category : Business & Economics
ISBN : 9781139440783

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The Emergence of Entrepreneurship Policy by David M. Hart Pdf

This volume seeks to catalyze the emergence of a novel field of policy studies: entrepreneurship policy. Practical experience and academic research both point to the central role of entrepreneurs in the process of economic growth and to the importance of public policy in creating the conditions under which entrepreneurial companies can flourish. The contributors, who hail from the disciplines of economics, geography, history, law, management, and political science, seek to crystallize key findings and to stimulate debate about future opportunities for policy-makers and researchers in this area. The chapters include surveys of the economic, social, and cultural contexts for US entrepreneurship policy; assessments of regional efforts to link knowledge producers to new enterprises; explorations of policies that aim to foster entrepreneurship in under-represented communities; detailed analyses of three key industries (biotechnology, e-commerce, and telecommunications); and considerations of challenges in policy implementation.

Author : Phillip Ryan
Publisher : The Rosen Publishing Group, Inc
Page : 82 pages
File Size : 48,8 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 : Stephen Barkoczy,Tamara Wilkinson,Ann Louise Monotti,Mark J. Davison
Publisher : Unknown
Page : 656 pages
File Size : 51,8 Mb
Release : 2016
Category : Entrepreneurship
ISBN : 1760020729

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Innovation and Venture Capital Law and Policy by Stephen Barkoczy,Tamara Wilkinson,Ann Louise Monotti,Mark J. Davison Pdf

Innovation and Venture Capital Law and Policy examines the Australian innovation system, focusing on the broad range of government programs that have been introduced over the years to foster innovation and encourage venture capital investment in entrepreneurial start-up and early stage companies. It discusses the importance of innovation to a country's economic growth and the critical role that venture capital plays in financing new businesses. The book also looks at the innovation systems in the United States and Israel. Both countries have been selected for comparative purposes as they have highly developed innovation systems and are widely respected as world leaders in venture capital investment.Innovation and Venture Capital Law and Policy has been written as a scholarly monograph that explores these topics in detail. It is designed to be a practical resource for entrepreneurs running start-up and early stage companies, angels and venture capitalists who invest in such companies, staff engaged in university technology transfer offices, and accountants and lawyers who advise these parties. In addition, the book should also be of use to governments and policymakers that are involved in designing and administering innovation and venture capital programs, as well as to scholars and students studying innovation and venture capital law and policy.

Author : Zoltan Acs
Publisher : Now Publishers Inc
Page : 98 pages
File Size : 45,7 Mb
Release : 2008
Category : Business & Economics
ISBN : 9781601981424

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Foundations of High Impact Entrepreneurship by Zoltan Acs Pdf

Foundations of High Impact Entrepreneurship is the first survey of the theoretical literature on high impact entrepreneurship.

Author : Benjamin Mokry
Publisher : Praeger
Page : 184 pages
File Size : 51,9 Mb
Release : 1988-05-23
Category : Business & Economics
ISBN : STANFORD:36105038402900

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Entrepreneurship and Public Policy by Benjamin Mokry Pdf

Examines issues in designing local stimulus policies, particularly the startup decision, and the creation of a supportive climate for entrepreneurship. Summarises survey findings on the effects of promotion policy in four New York State counties.

Author : X. Hubert Rioux
Publisher : University of Toronto Press
Page : 296 pages
File Size : 55,5 Mb
Release : 2020
Category : Political Science
ISBN : 9781487505820

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Small Nations, High Ambitions by X. Hubert Rioux Pdf

This book offers an in-depth account of the evolution of Quebec's and Scotland's policy strategies in the entrepreneurial finance sector and venture capital more specifically.

Author : Douglas Cumming
Publisher : John Wiley & Sons
Page : 604 pages
File Size : 53,9 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 : Tom Nicholas
Publisher : Harvard University Press
Page : 401 pages
File Size : 55,6 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 : David B. Audretsch,R. Thurik,Ingrid Verheul,Sander Wennekers
Publisher : Springer Science & Business Media
Page : 248 pages
File Size : 50,8 Mb
Release : 2006-04-11
Category : Business & Economics
ISBN : 9780306475566

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Entrepreneurship: Determinants and Policy in a European-US Comparison by David B. Audretsch,R. Thurik,Ingrid Verheul,Sander Wennekers Pdf

Without a clear and organized view of where and how entrepreneurship manifests itself, policy makers have been left in uncharted waters without an analytical compass. The purpose of this book is to provide such an analytical compass for directing how public policy can shape and promote entrepreneurship. We do this in two ways. The first is to provide a framework for policymakers and scholars to understand what determines entrepreneurship. The second is to apply this framework to a series of cases, or country studies. In particular, this book seeks to answer three questions about entrepreneurship: What has happened over time? Why did it happen? And, what has been the role of government policy? The cornerstone of the book is the proposed Eclectic Theory of Entrepreneurship. The goal of the Eclectic Theory is to provide a unified framework for understanding and analyzing the determinants of entrepreneurship. The Eclectic Theory of entrepreneurship integrates the different strands from relevant fields into a unifying, coherent framework. At the heart of the Eclectic Theory is the integration of factors shaping the demand for entrepreneurship on the one hand, with those influencing the supply of entrepreneurs on the other hand. The key to understanding the role of public policy is through identifying those channels shifting either the demand for or the supply of entrepreneurship by policy instruments. The findings in this book show that, by utilizing the framework provided by the Eclectic Theory of Entrepreneurship, it is within the grasp of policymakers to identify the determinants of entrepreneurship in a particular country setting at a particular point in time. This will be essential in formulating new public policies to promote entrepreneurship and, ultimately, economic growth, job creation and international competitiveness.