Publication
Jul 2002
This paper analyzes the impact of public equity schemes on venture capitalists' incentives to finance start-up enterprises and support management teams. It shows that experienced venture capitalists reduce their intensity of management support under public equity schemes. However, public equity schemes offer inexperienced venture capitalists that have yet to finance start-up enterprises incentives to enter the venture capital market to accumulate experience.
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English (PDF, 23 pages, 361 KB) |
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Author | Andrea Schertler |
Series | Kiel Institute Working Papers |
Issue | 1117 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2002 Kiel Institute for the World Economy |