State Venture Capitalism, State Politics, and the World of High-Risk Investment

Peter K. Eisinger
Additional contact information
Peter K. Eisinger: University of Wisconsin

Economic Development Quarterly, 1993, vol. 7, issue 2, 131-139

Abstract: State venture capital programs, using public money to make high-risk equity investments in innovative firms in order to generate jobs, proliferated in the 1980s. A state by state follow-up survey of an earlier effort reveals that by the beginning of the 1990s, however, there was a shakeout in the ranks of these programs. Some lost political support; others could not be justified in economic hard times; still others could not operate effectively under the constraints of open, democratic government norms. Although the theory of state venture capitalism suggests that there is a continuing role for such programs, there are sufficient inherent contradictions to make their long-term survival a highly uncertain proposition.

Date: 1993
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/089124249300700201 (text/html)

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:sae:ecdequ:v:7:y:1993:i:2:p:131-139

DOI: 10.1177/089124249300700201

Access Statistics for this article

More articles in Economic Development Quarterly
Bibliographic data for series maintained by SAGE Publications ().