Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/17695
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dc.contributor.authorSchertler, Andreaen_US
dc.date.accessioned2009-01-28T14:58:52Z-
dc.date.available2009-01-28T14:58:52Z-
dc.date.issued2003en_US
dc.identifier.urihttp://hdl.handle.net/10419/17695-
dc.description.abstractUsing dynamic panel estimations, this paper identifies driving forces of venture capital activity for Western European countries. Driving forces might be the liquidity of stock markets, human capital endowment, and labour market rigidities. The paper shows that these factors do not affect expansion stage investments used as a broader definition of venture capital, while they positively affect early stage investments used as a narrow definition. Thus, the results suggest not only that liquid stock markets play an important role for the development of venture capital markets but also that they are not the only factor that drives venture capital activity.en_US
dc.language.isoengen_US
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen_US
dc.relation.ispartofseries|aKiel Working Paper |x1172en_US
dc.subject.jelG32en_US
dc.subject.jelG24en_US
dc.subject.ddc330en_US
dc.subject.keywordventure capital investmentsen_US
dc.subject.keywordEuropeen_US
dc.subject.keyworddynamic panelen_US
dc.subject.stwRisikokapitalen_US
dc.subject.stwInvestitionen_US
dc.subject.stwKapitalanlageen_US
dc.subject.stwHumankapitalen_US
dc.subject.stwBörsenumsatzen_US
dc.subject.stwArbeitsmarktflexibilisierungen_US
dc.subject.stwSchätzungen_US
dc.subject.stwEU-Staatenen_US
dc.subject.stwWesteuropaen_US
dc.titleDriving Forces of Venture Capital Investments in Europe: A Dynamic Panel Data Analysisen_US
dc.typeWorking Paperen_US
dc.identifier.ppn366898817en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:ifwkwp:1172-

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