Venture Capital Backed Growth

26 Pages Posted: 28 Feb 2002

See all articles by Christian Keuschnigg

Christian Keuschnigg

University of St. Gallen – Department of Economics (FGN-HSG); CESifo (Center for Economic Studies and Ifo Institute); Centre for Economic Policy Research (CEPR)

Date Written: February 2002

Abstract

The paper proposes a simple equilibrium model of venture capital, entrepreneurship and innovation. Venture capitalists not only finance but also advise start-up entrepreneurs and thereby add value to new firms. The paper demonstrates how a productive and active VC industry boosts innovation driven growth.

Keywords: Venture Capital, Double Moral Hazard, Innovation, Growth

JEL Classification: D82, G32, O16, O40

Suggested Citation

Keuschnigg, Christian, Venture Capital Backed Growth (February 2002). CESifo Working Paper Series No. 664. Available at SSRN: https://ssrn.com/abstract=301500

Christian Keuschnigg (Contact Author)

University of St. Gallen – Department of Economics (FGN-HSG) ( email )

Varnbuelstrasse 19
St. Gallen, 9000
Switzerland

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
675
Abstract Views
2,363
rank
40,570
PlumX Metrics