Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/76268
Authors: 
Keuschnigg, Christian
Nielsen, Søren Bo
Year of Publication: 
2003
Series/Report no.: 
CESifo Working Paper 850
Abstract: 
This paper proposes and analyses a model of start-up investment. Innovative entrepreneurs are commercially inexperienced and can benefit from venture capital support. Only part of them succeed in matching with a venture capitalist while the rest must resort to standard bank finance. We consider a number of policies to promote entrepreneurship and venture capital backed innovation.
Subjects: 
venture capital bank finance
matching
moral hazard
public policy
Document Type: 
Working Paper

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