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Dynamic Efficiency and Path Dependencies in Venture Capital Markets

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Dynamic Efficiency and Path Dependencies in Venture Capital Markets - Schertler, Andrea
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This book offers a new explanation why venture capital in investments differ substantially between countries. Recent literature has attributed these differences to differences in the financial architecture and tax regulations. By contrast, this book shows by using simulations of a general equilibrium model that interactions between venture capitalists' reputation building and experience accumulation lead to different levels of venture capital investments. The interactions taking place in venture capital markets can result ...

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Dynamic Efficiency and Path Dependencies in Venture Capital Markets 2003, Springer, Berlin, Germany

ISBN-13: 9783540407102

2003 edition

Hardcover

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