This book offers a new explanation why venture capital in investments differ substantially between countries. Recent literature has attributed these differences to differences in the financial architecture and tax regulations. By contrast, this book shows by using simulations of a general equilibrium model that interactions between venture capitalists' reputation building and experience accumulation lead to different levels of venture capital investments. The interactions taking place in venture capital markets can result in inefficiencies in experience accumulation. The study argues that government subsidies in such a situation may increase venture capitalists' experience accumulation. However, using an agency model, this study shows that subsidies can have negative effects since they reduce venture capitalists' incentives to support the management teams.
Produktkennzeichnungen
ISBN-10
3540407103
ISBN-13
9783540407102
eBay Product ID (ePID)
30024225
Produkt Hauptmerkmale
Sprache
Deutsch
Anzahl der Seiten
188 Seiten
Verlag
Springer-Verlag Gmbh, Springer Berlin
Publikationsname
Dynamic Efficiency And Path Dependencies in Venture Capital Markets
Autor
Andrea Schertler
Format
Gebundene Ausgabe
Erscheinungsjahr
2003
Zusätzliche Produkteigenschaften
Hörbuch
No
Inhaltsbeschreibung
Book
Item Length
24cm
Item Height
1cm
Item Width
16cm
Nummer Innerhalb der Serie
327
Item Weight
471g
Buchreihe
Kieler Studien
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