Public Policy, Start-up Entrepreneurship, and the Market for Venture Capital

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Public Policy, Start-up Entrepreneurship, and the Market for Venture Capital

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dc.contributor.author Keuschnigg, Christian en_US
dc.contributor.author Nielsen, Søren Bo en_US
dc.date.accessioned 2009-02-04T10:27:45Z
dc.date.available 2009-02-04T10:27:45Z
dc.date.issued 2006-12-05T00:00:00Z en_US
dc.identifier.uri http://hdl.handle.net/10398/7569
dc.description.abstract In recent years, venture capital has become an important source for nancing young entrepreneurial rms. Given the apparently more innovative nature and extra value added of venture capital backed rms compared to other firms, policy makers have taken an increasing interest in an active venture capital industry. We explore how selected policy instruments determine the incentives of individuals to start up new rms and of venture capitalists to nance and advise them, and how policy thereby influences the size and nature of the industry and how it aspects aggregate welfare. We examine the impact of wage and corporate income taxes as well as capital gains taxes and start-up capital subsidies on the volume and quality of venture capital backed entrepreneurship. JEL-Classi cation: D82, G24, H24, H25 Keywords: Entrepreneurship, venture capital, double moral hazard, taxes, sub-sidies. en_US
dc.format.extent 43 s. en_US
dc.language eng en_US
dc.relation.ispartofseries Working paper;2006-015 en_US
dc.subject.other entrepreneurship en_US
dc.subject.other sub-sidies en_US
dc.subject.other double moral hazard en_US
dc.subject.other taxes en_US
dc.subject.other venture capital en_US
dc.title Public Policy, Start-up Entrepreneurship, and the Market for Venture Capital en_US
dc.type wp en_US
dc.accessionstatus modt06dec05 mielmo en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Økonomisk Institut en_US
dc.contributor.departmentshort ECON en_US
dc.contributor.departmentuk Department of Economics en_US
dc.contributor.departmentukshort ECON en_US
dc.idnumber x656517971 en_US
dc.publisher.city København en_US
dc.publisher.year 2006 en_US


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