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Venture Capital Backed Growth

Christian Keuschnigg

No 664, CESifo Working Paper Series from CESifo Group Munich

Abstract: The paper proposes a simple equilibrium model of venture capital, entrepreneurship and innovation. Venture capitalists not only finance but also advise start-up entrepreneurs and thereby add value to new firms. The paper demonstrates how a productive and active VC industry boosts innovation driven growth.

Keywords: venture capital; double moral hazard; innovation; growth (search for similar items in EconPapers)
Date: 2002
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http://www.cesifo-group.de/DocDL/cesifo_wp664.pdf (application/pdf)

Related works:
Journal Article: Venture Capital Backed Growth (2004) Downloads
Working Paper: Venture Capital Backed Growth (2002) Downloads
Working Paper: Venture Capital Backed Growth (2002) Downloads
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