40 Pages Posted: 17 Jun 2003
Date Written: June 2003
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.
Keywords: Venture Capital, Initial Public Offerings (IPOs), Entrepreneurship, Going Public, Accounting Standards
JEL Classification: G10, G15, G30
Suggested Citation: Suggested Citation
Bottazzi, Laura and Da Rin, Marco, Financing Entrepreneurial Firms in Europe: Facts, Issues, and Research Agenda (June 2003). CESifo Working Paper Series No. 958. Available at SSRN: https://ssrn.com/abstract=415044