Public policy for start-up entrepreneurship with venture capital and bank finance

Christian Keuschnigg, Søren Bo Nielsen

Research output: Working paperResearch

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Abstract

This paper proposes and analyses a model of start-up investment. Innovative entrepreneursare commercially inexperienced and can benefit from venture capital support. Only part ofthem succeed in matching with a venture capitalist while the rest must resort to standard bankfinance. We consider a number of policies to promote entrepreneurship and venture capitalbacked innovation.JEL Classification: D82, G24, G28, H24.Keywords: venture capital bank finance, matching, moral hazard, public policy.
Original languageEnglish
Place of PublicationKøbenhavn
Number of pages38
Publication statusPublished - 2003

Cite this

Keuschnigg, C., & Nielsen, S. B. (2003). Public policy for start-up entrepreneurship with venture capital and bank finance. København.
Keuschnigg, Christian ; Nielsen, Søren Bo. / Public policy for start-up entrepreneurship with venture capital and bank finance. København, 2003.
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Public policy for start-up entrepreneurship with venture capital and bank finance. / Keuschnigg, Christian; Nielsen, Søren Bo.

København, 2003.

Research output: Working paperResearch

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