Public policy for start-up entrepreneurship with venture capital and bank finance

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Public policy for start-up entrepreneurship with venture capital and bank finance

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Title: Public policy for start-up entrepreneurship with venture capital and bank finance
Author: Keuschnigg, Christian; Nielsen, Søren Bo
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. JEL Classification: D82, G24, G28, H24. Keywords: venture capital bank finance, matching, moral hazard, public policy.
URI: http://hdl.handle.net/10398/7658
Date: 2004-01-21

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