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Institut für Weltwirtschaft (IfW), Kiel >
Kieler Arbeitspapiere, IfW >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/17715
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Schertler, Andrea | | en_US |
| dc.date.accessioned | | 2009-01-28T14:59:00Z | | - |
| dc.date.available | | 2009-01-28T14:59:00Z | | - |
| dc.date.issued | | 2000 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/17715 | | - |
| dc.description.abstract | | The relationship between a venture capitalist and an entrepreneur is modeled to investigate the impact of public subsidies on venture capital investments in start-up enterprises. In this model, the venture capitalist only finances start-up enterprises if he has sufficient expertise to make high-risk investments in new technology profitable in terms of their expected value. It is shown that a venture capitalist who already has sufficient expertise reduces his management support in the start-up enterprise under a public subsidy. Moreover, venture capitalists who do not have sufficient expertise may finance start-up enterprises if future losses of the start-up investment are partly covered by the government. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Kiel Institute for the World Economy (IfW) Kiel | | en_US |
| dc.relation.ispartofseries | | Kieler Arbeitspapiere 1018 | | en_US |
| dc.subject.jel | | L14 | | en_US |
| dc.subject.jel | | G28 | | en_US |
| dc.subject.jel | | G24 | | en_US |
| dc.subject.jel | | D82 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | venture capital | | en_US |
| dc.subject.keyword | | double-sided moral hazard | | en_US |
| dc.subject.keyword | | public subsidies | | en_US |
| dc.subject.keyword | | start-up investments | | en_US |
| dc.subject.stw | | Risikokapital | | en_US |
| dc.subject.stw | | Unternehmensgründung | | en_US |
| dc.subject.stw | | Investition | | en_US |
| dc.subject.stw | | Finanzierung | | en_US |
| dc.subject.stw | | Investitionspolitik | | en_US |
| dc.subject.stw | | Subvention | | en_US |
| dc.subject.stw | | Moral Hazard | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | The Impact of Public Subsidies on Venture Capital Investments in Start-Up Enterprises | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 323915795 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IfW Kieler Arbeitspapiere, IfW
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