Public Policy For Start-up Entrepreneurship With Venture Capital and Bank Finance

Christian Keuschnigg and Søren Nielsen

University of St. Gallen Department of Economics working paper series 2003 from Department of Economics, University of St. Gallen

Abstract: This paper proposes and analyses a model of start-up investment. Innovative entrepreneurs are commercially inexperienced and can benefit from venture capital support. Only part of them succeed in matching with a venture capitalist while the rest must resort to standard bank finance. We consider a number of policies to promote entrepreneurship and venture capital backed innovation.

Keywords: Venture capital; bank finance; matching; moral hazard; public policy (search for similar items in EconPapers)
JEL-codes: D82 G24 G28 H24 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2003-12
New Economics Papers: this item is included in nep-cfn, nep-fin, nep-ind, nep-mfd and nep-pub
References: Add references at CitEc
Citations: View citations in EconPapers (9)

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http://ux-tauri.unisg.ch/RePEc/usg/dp2003/dp0302keuschnigg_ganz.pdf (application/pdf)

Related works:
Working Paper: Public Policy for Start-up Entrepreneurship with Venture Capital and Bank Finance (2006)
Working Paper: Public Policy for Start-up Entrepreneurship with Venture Capital and Bank Finance (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:usg:dp2003:2003-02

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