Public Support to Entrepreneurial Firms

Autor:	Marina Di Giacomo
Rok vydání:	2004
Předmět:	Finance Economics and Econometrics Social venture capital business.industry Economic capital Private equity firm Venture capital Private equity Financial capital Cost of capital Economics business Equity capital markets
Zdroj:	The Journal of Private Equity. 8:22-38
ISSN:	2168-8508 1096-5572
DOI:	10.3905/jpe.2004.450950
Popis:	Public intervention in the equity market is justified mainly by the existence of market failures in the financing of some categories of firms. The aim of this article is to survey current public policy in the European venture capital markets. The focus on equity capital is justified by the importance it has had in recent EU programs (e.g., the Risk Capital Action Plan) and the positive impact U.S. public intervention in this market has had on job creation and growth. Examples of direct government involvement in the venture capital markets through public funds commitments are considered and compared.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::3bf95e019da6f94adde347e962353baf https://doi.org/10.3905/jpe.2004.450950 Zobrazit plný text záznamu