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Technische Universität Bergakademie Freiberg >
Fakultät für Wirtschaftswissenschaften, Technische Universität Bergakademie Freiberg >
Freiberger Arbeitspapiere, Fakultät für Wirtschaftswissenschaften, Technische Universität Bergakademie Freiberg >
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http://hdl.handle.net/10419/27108
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| Title: | | Public venture capital in Germany: task force or forced task?  |
| Authors: | | Schilder, Dirk |
| Issue Date: | | 2006 |
| Series/Report no.: | | Freiberg working papers 2006,12 |
| Abstract: | | This paper deals with the question of whether public venture capital (VC) is performing its task properly, taking a look at how public VC companies' selection process, investment behavior, and consulting services reflect goals that differ from those of private VC firms. The results present evidence that public VC firms deliver a different market segment than their private counterparts; for example, their selection process and syndication behavior reveal their predominant goal of promoting the local economy. Although the results indicate that public VC firms are doing what is expected of them, the analyses provide evidence that public intervention should be reconsidered. |
| Subjects: | | Venture Capital start-up financing public intervention |
| JEL: | | G28 G32 O16 D21 M13 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Freiberger Arbeitspapiere, Fakultät für Wirtschaftswissenschaften, Technische Universität Bergakademie Freiberg
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