Venture Capital Backed Growth
Journal
Journal of Economic Growth
ISSN
1381-4338
ISSN-Digital
1573-7020
Type
journal article
Date Issued
2004-06-01
Author(s)
Abstract
The paper proposes a simple equilibrium model of venture capital, entrepreneurship and innovation. Venture capitalists not only finance but also advise start-up entrepreneurs and thereby add value to new firms. The paper demonstrates how a productive and active VC industry boosts innovation driven growth.
Language
English
Keywords
Venture capital
double moral hazard
innovation
growth.
HSG Classification
not classified
Refereed
No
Publisher
Springer Science + Business Media Inc.
Publisher place
Dordrecht
Volume
9
Number
2
Start page
239
End page
261
Pages
23
Subject(s)
Eprints ID
2606
File(s)![Thumbnail Image]()
Name
IFFDP0109.pdf
Size
166.13 KB
Format
Adobe PDF
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