Please use this identifier to cite or link to this item: http://dspace.mediu.edu.my:8181/xmlui/handle/10419/17715
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dc.creatorSchertler, Andrea-
dc.date2000-
dc.date.accessioned2013-10-16T06:56:29Z-
dc.date.available2013-10-16T06:56:29Z-
dc.date.issued2013-10-16-
dc.identifierhttp://hdl.handle.net/10419/17715-
dc.identifierppn:323915795-
dc.identifier.urihttp://koha.mediu.edu.my:8181/xmlui/handle/10419/17715-
dc.descriptionThe relationship between a venture capitalist and an entrepreneur is modeled to investigate the impact of public subsidies on venture capital investments in start-up enterprises. In this model, the venture capitalist only finances start-up enterprises if he has sufficient expertise to make high-risk investments in new technology profitable in terms of their expected value. It is shown that a venture capitalist who already has sufficient expertise reduces his management support in the start-up enterprise under a public subsidy. Moreover, venture capitalists who do not have sufficient expertise may finance start-up enterprises if future losses of the start-up investment are partly covered by the government.-
dc.languageeng-
dc.publisherKiel Institute for the World Economy (IfW) Kiel-
dc.relationKieler Arbeitspapiere 1018-
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.subjectL14-
dc.subjectG28-
dc.subjectG24-
dc.subjectD82-
dc.subjectddc:330-
dc.subjectventure capital-
dc.subjectdouble-sided moral hazard-
dc.subjectpublic subsidies-
dc.subjectstart-up investments-
dc.subjectRisikokapital-
dc.subjectUnternehmensgründung-
dc.subjectInvestition-
dc.subjectFinanzierung-
dc.subjectInvestitionspolitik-
dc.subjectSubvention-
dc.subjectMoral Hazard-
dc.subjectTheorie-
dc.titleThe Impact of Public Subsidies on Venture Capital Investments in Start-Up Enterprises-
dc.typedoc-type:workingPaper-
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