EconPapers    
Economics at your fingertips  
 

Taxation and Venture Capital-Backed Entrepreneurship

Christian Keuschnigg and Søren Nielsen ()

No 4097, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: In recent years, venture capital has increasingly become a factor in the financing of new firms. We examine how the value of mature firms determines the incentives of entrepreneurs to start up new firms and of venture capitalists to finance and advise them. We examine how capital gains taxes as well as subsidies to start-up costs of new firms affect venture capital-backed entrepreneurship. We also argue that dividend and capital gains taxes on mature firms have important consequences for start-up firms as well.

Keywords: double moral hazard; entrepreneurship; taxes; venture capital (search for similar items in EconPapers)
JEL-codes: D82 G24 H24 H25 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cfn, nep-ent, nep-pbe and nep-pub
Date: 2003-10
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=4097 (application/pdf)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org

Related works:
Journal Article: Taxation and Venture Capital Backed Entrepreneurship (2004) Downloads
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:cpr:ceprdp:4097

Ordering information: This working paper can be ordered from
http://www.cepr.org/ ... ers/dp.php?dpno=4097

Access Statistics for this paper

More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers Centre for Economic Policy Research, 77 Bastwick Street, London EC1V 3PZ..
Series data maintained by (). This e-mail address is bad, please contact .

 
Page updated 2017-11-05
Handle: RePEc:cpr:ceprdp:4097