Arbeitspapier

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

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.

Sprache
Englisch

Erschienen in
Series: Working paper ; No. 15-2006

Klassifikation
Wirtschaft
Asymmetric and Private Information; Mechanism Design
Investment Banking; Venture Capital; Brokerage; Ratings and Ratings Agencies
Personal Income and Other Nonbusiness Taxes and Subsidies; includes inheritance and gift taxes
Business Taxes and Subsidies including sales and value-added (VAT)
Thema
entrepreneurship
venture capital
double moral hazard
taxes
subsidies

Ereignis
Geistige Schöpfung
(wer)
Nielsen, Søren Bo
Keuschnigg, Christian
Ereignis
Veröffentlichung
(wer)
Copenhagen Business School (CBS), Department of Economics
(wo)
Frederiksberg
(wann)
2006

Handle
Letzte Aktualisierung
10.03.2025, 11:45 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Nielsen, Søren Bo
  • Keuschnigg, Christian
  • Copenhagen Business School (CBS), Department of Economics

Entstanden

  • 2006

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