Financing Entrepreneurial Firms in Europe: Facts, Issues, and Research Agenda
Bocconi University - IGIER - Innocenzo Gasparini Institute for Economic Research; University of Bologna - Department of Economics; Centre for Economic Policy Research (CEPR)
Marco Da Rin
Department of Finance Tilburg University; Tilburg Law and Economics Center (TILEC); European Corporate Governance Institute (ECGI)
CESifo Working Paper Series No. 958
During the latter part of the 1990s the introduction of the Euro, the dramatic increase in the supply of venture capital in most EU countries, and the creation of several "new" equity markets targeted at innovative firms have dramatically transformed the financing prospects of European entrepreneurial firms. In this study we contribute to a deeper understanding of their actual relevance by (i) gathering new evidence on European venture capital and on Europe's "new" stock markets, (ii) providing a rigorous econometric analysis of their impact on corporate growth, and (iii) elaborating on our findings to devise a research agenda.
Number of Pages in PDF File: 40
Keywords: Venture Capital, Initial Public Offerings (IPOs), Entrepreneurship, Going Public, Accounting Standards
JEL Classification: G10, G15, G30working papers series
Date posted: June 17, 2003
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