Dynamic Efficiency and Path Dependencies in Venture Capital Markets (Kieler Studien - Kiel Studies, 327, Band 327) - Hardcover

Schertler, Andrea

 
9783540407102: Dynamic Efficiency and Path Dependencies in Venture Capital Markets (Kieler Studien - Kiel Studies, 327, Band 327)
Hardcover
ISBN 10: 3540407103 ISBN 13: 9783540407102
Verlag: Springer, 2003

Inhaltsangabe

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. 

Die Inhaltsangabe kann sich auf eine andere Ausgabe dieses Titels beziehen.

Verlag
Springer
Erscheinungsdatum
2003
Sprache
Englisch
ISBN 10 
3540407103
ISBN 13 
9783540407102
Einband
Gebundene Ausgabe
Anzahl der Seiten
210
Kontakt zum Hersteller
Nicht verfügbar
Verantwortliche Person
Springer Nature Customer Service Center GmbH
ProductSafety@springernature.com

Europaplatz 3
Heidelberg
69115
Deutschland