PUBLIC POLICY FOR VENTURE CAPITAL: AN INTEGRATED FRAMEWORK

Iman Seoudi

Global Journal of Business Research, 2015, vol. 9, issue 4, 31-51

Abstract: This paper reviews the main theoretical and empirical literature on public policy that supports the development and growth of vibrant venture capital industries worldwide. The paper focuses on the content and results of public policy mechanisms adopted in various countries, their theoretical grounding and main empirical findings, with an eye to distilling the main patterns of success and failure. Five broad areas of public policy intervention that tackle both demand and supply sides of the venture capital industry are reviewed: (1) the development of an entrepreneurship and innovation ecosystem; (2) investment laws and regulations; (3) fiscal policy; (4) secondary stock market; and (5) government venture capital. The paper concludes with a public policy framework distilled from the literature. This work will help academics, practitioners and policy makers, especially those new to the field, to get a comprehensive yet concise map of the academic literature on the topic, which currently is much needed. It also helps readers in identifying the main research questions and empirical results to date

Keywords: Venture Capital; Public Policy; Entrepreneurship Policy; Entrepreneurial Finance; Financing Innovation (search for similar items in EconPapers)
JEL-codes: K2 O17 O25 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.theibfr2.com/RePEc/ibf/gjbres/gjbr-v9n4-2015/GJBR-V9N4-2015-3.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ibf:gjbres:v:9:y:2015:i:4:p:31-51

Access Statistics for this article

Global Journal of Business Research is currently edited by Terrance Jalbert

More articles in Global Journal of Business Research from The Institute for Business and Finance Research
Bibliographic data for series maintained by Mercedes Jalbert ( this e-mail address is bad, please contact ).