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Title:Formal and informal equity funding in Chile PDF Logo
Authors:Amorós, José Ernesto
Atienza, Miguel
Romani, Gianni
Issue Date:2008
Citation:[Journal:] Estudios de Economía [ISSN:] 0718-5286 [Volume:] 35 [Year:] 2008 [Issue:] 2 [Pages:] 179-194
Abstract:This paper explores the state of formal and informal equity sources currently available for financing entrepreneurial activity in Chile. By integrating theoretical perspectives regarding formal and informal equity funding and information gathered from the Global Entrepreneurship Monitor (GEM) surveys, the paper argues that despite the favorable environment existing in Chile for equity investment, these markets are still incipient and strongly dependent on public policies. In this respect it is proposed that public intervention to address equity gaps in Chile should also adopt a demand-side perspective, aimed at improving the quality of investment opportunities, and should incorporate a geographical dimension, considering the particularities and financial needs of non-metropolitan regions.
Subjects:entrepreneurship
venture capital
business angels
informal investment
equity gaps
JEL:G24
M13
Document Type:Article
Appears in Collections:Estudios de Economia, Department of Economics, University of Chile

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