@techreport{Fehn2000Financing,
abstract = {This paper analyzes the real effects of differences in structures on financial markets, especially concerning quasi-equilibrium unemployment. It argues that a vibrant venture capital market is an important prerequisite for financing structural change and thus for keeping unemployment low in the ongoing transition to the new economy. It furthermore points out the crucial importance of extensive investor protection in this respect. A thriving venture capital market is therefore at odds with the corporatist politicoeconomic equilibrium in continental European countries involving extensive protection of insiders on labor as well as on financial markets.},
address = {W\"{u}rzburg},
author = {Rainer Fehn},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {330; Finanzmarkt; Unternehmensfinanzierung; Strukturwandel; Arbeitslosigkeit; Risikokapital; Anlegerschutz; Besch\"{a}ftigungseffekt; OECD-Staaten},
language = {eng},
number = {36},
publisher = {Bayerische Julius-Maximilians-Univ., Wirtschaftswiss. Fak.},
title = {Financing structural change, venture capital, and unemployment: what is the role of investor protection?},
type = {Wirtschaftswissenschaftliche Beitr\"{a}ge des Lehrstuhls f\"{u}r Volkswirtschaftslehre, Wirtschaftsordnung und Sozialpolitik, Universit\"{a}t W\"{u}rzburg},
url = {http://hdl.handle.net/10419/32484},
year = {2000}
}
