Promoting Equity Flows into Smaller Businesses

Marc Cowling, Gordon Murray () and Pete Bates ()
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Gordon Murray: University of Exeter, The Queen’s Drive
Pete Bates: Mantell Building, University of Sussex Campus

Chapter Chapter 12 in Public Policies for Fostering Entrepreneurship, 2009, pp 207-230 from Springer

Abstract: Abstract The availability of risk capital for high-potential, young companies has been a key policy issue for government in the context of promoting economic development via the growth of innovative (new knowledge-based) small- and medium-sized enterprises (SMEs)(Aho et al. 2006). Issues regarding the importance of risk capital to the early-growth stages of young companies have been debated widely in political and academic circles both in the UK and continental Europe (HM Treasury 1998, 2003; European Commission 2003, 2005, 2006a,b; Cressy and Olofsson 1997; Cressy 2002) since the 1980s. The US experience has provided an example and reference to watch. The conspicuous successes of new US companies that grow rapidly into positions of international dominance within the arena of new technologies and knowledge-based opportunities are widely admired.

Keywords: Labor Productivity; Venture Capital; Profit Margin; Fixed Asset; Risk Capital (search for similar items in EconPapers)
Date: 2009
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DOI: 10.1007/978-1-4419-0249-8_12

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