Law, Innovation and Finance: A Review

John Armour

Working Papers from Centre for Business Research, University of Cambridge

Abstract: A number of recent national and EU initiatives have sought explicitly to encourage innovative firms and venture capital finance. In keeping with the policy debate, this paper focuses explicitly on the role of law and lawyers in facilitating venture capital: that is, both supply by investors, and demand by entrepreneurs. It reviews existing literature in a way that seeks to clarify the links between law and legal institutions and the facilitation of venture capital finance, identifies open research questions and suggests a number of hypotheses. As such, it forms the first part of a wider study which will seek to test these hypotheses

Keywords: Venture Capital; Law and Finance; Company Law; Innovation (search for similar items in EconPapers)
JEL-codes: G24 G38 K22 (search for similar items in EconPapers)
Date: 2002-09
Note: PRO-2
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Persistent link: https://EconPapers.repec.org/RePEc:cbr:cbrwps:wp243

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