Artikel
Explaining Cross-Country Variations in Venture Capital Investments: Theory and Empirical Evidence
Zur Erklärung von Länderunterschieden in den Venture-Capital-Investitionen: Theorie und empirische Evidenz Dieser Artikel untersucht Unterschiede in den Venture-Capital-Investitionen zwischen Ländern. Innerhalb eines allgemeinen Gleichgewichtsmodells zeige ich zunächst, dass die Entwicklung der Finanzierungsform Venture Capital von der Dominanz des Bankensektors abhängt, da Kreditfinanzierung die Basis der Kapitalkosten aus Unternehmenssicht festlegt. Darüber hinaus zeigt das Modell, dass das Niveau der Venture-Capital-Investitionen von den Kosten der Managementunterstützung durch den Venture-Capital-Geber sowie von den Kosten der Kapitalaufnahme für Venture-Capital-Geber bestimmt wird. Unter Verwendung eines dynamischen Panelschätzers und eines Datensatzes bestehend aus 16 europäischen Ländern überprüfe ich die Implikationen des Modells. Ich finde unter anderem Evidenz, dass die Venture-Capital-Investitionen positiv vom Darlehenszinssatz abhängen.
- Language
-
Englisch
- Bibliographic citation
-
Journal: Kredit und Kapital ; ISSN: 1865-5734 ; Volume: 37 ; Year: 2004 ; Issue: 3 ; Pages: 297-328
- Classification
-
Wirtschaft
Investment Banking; Venture Capital; Brokerage; Ratings and Ratings Agencies
Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
- Event
-
Geistige Schöpfung
- (who)
-
Schertler, Andrea
- Event
-
Veröffentlichung
- (who)
-
Duncker & Humblot
- (where)
-
Berlin
- (when)
-
2004
- DOI
-
doi:10.3790/ccm.37.3.297
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Schertler, Andrea
- Duncker & Humblot
Time of origin
- 2004
Other Objects (12)
Explaining cross-country differences in contact rates
Explaining Cross-Country Variation in Nationalization Frequencies
Individualism and Venture Capital : A Cross-Country Study
Venture capital industries and policies: Some cross-country comparisons
Stock option taxation and venture capital activity: A cross-country comparison
Cross-Country Variations in Aggregate Volatility: Evidence from 56 Countries
Cross-Country Inequality Trends
Explaining Cross-Country Differences in Labor Market Gaps between Immigrants and Natives in the OECD
Cross-Country en deux actes
Coordinating cross-country congestion management
Coordinating cross-country congestion management
Top earners: Cross-country facts
Explaining cross-country differences in contact rates
Explaining Cross-Country Variation in Nationalization Frequencies
Individualism and Venture Capital : A Cross-Country Study
Venture capital industries and policies: Some cross-country comparisons
Stock option taxation and venture capital activity: A cross-country comparison
Cross-Country Variations in Aggregate Volatility: Evidence from 56 Countries
Cross-Country Inequality Trends
Explaining Cross-Country Differences in Labor Market Gaps between Immigrants and Natives in the OECD
Cross-Country en deux actes
Coordinating cross-country congestion management
Coordinating cross-country congestion management
Top earners: Cross-country facts
Explaining cross-country differences in contact rates
Explaining Cross-Country Variation in Nationalization Frequencies
Individualism and Venture Capital : A Cross-Country Study
Venture capital industries and policies: Some cross-country comparisons
Stock option taxation and venture capital activity: A cross-country comparison
Cross-Country Variations in Aggregate Volatility: Evidence from 56 Countries
Cross-Country Inequality Trends
Explaining Cross-Country Differences in Labor Market Gaps between Immigrants and Natives in the OECD
Cross-Country en deux actes
Coordinating cross-country congestion management
Coordinating cross-country congestion management