Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/27108
Authors: 
Schilder, Dirk
Year of Publication: 
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

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