Financing Entrepreneurial Firms in Europe: Facts, Issues, and Research Agenda

Laura Bottazzi () and Marco Da Rin ()

No CESifo Working Paper No. 958, CESifo Working Paper Series from CESifo Group Munich

Abstract: During the latter part of the 1990s the introduction of the euro, the dramatic increase in the supply of venture capital in most EU countries, and the creation of several 'new' equity markets targeted at innovative firms have dramatically transformed the financing prospects of European entrepreneurial firms. In this study we contribute to a deeper understanding of their actual relevance by (i) gathering new evidence on European venture capital and on Europe's 'new' stock markets, (ii) providing a rigorous econometric analysis of their impact on corporate growth, and (iii) elaborating on our findings to devise a research agenda.

Keywords: venture capital; initial public offerings (IPOs); entrepreneurship; going public; accounting standards (search for similar items in EconPapers)
JEL-codes: G10 G15 G30 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cfn
Date: 2003
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