WHEN BUREAUCRATS MEET ENTREPRENEURS: THE DESIGN OF EFFECTIVE `PUBLIC VENTURE CAPITAL' PROGRAMMES

By Josh Lerner. 2002

550 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/4138688f9379b217529bc016efad743ab2bdbf1f

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Citations in the corpus

Which renewable energy policy is a venture capitalist's best friend? Empirical evidence from a survey of international cleantech investors (2009, background): “…venture capital program is not an easy task’’ (Cumming, 2007), and yet it is striking to see the low level of support for government venture capital funds from their peers in the investment community, given that there are indeed successful examples of such policies (Lerner, 1999, 2002).”
Funding Gaps? Access To Bank Loans By High-Tech Start-Ups (2007, background): “In fact, policy makers generally suffer from information asymmetries to an even greater extent than private financial intermediaries (de Meza, 2002; Lerner, 2002; Santarelli and Vivarelli, 2002); moreover they often are the target of an intense lobbying activity on the part of firms aimed at influen”
Governmental venture capital in Europe: Screening and certification (2016, methodology): “Specifically, if GVC firms can screen the market and identify promising entrepreneurial companies that are otherwise neglected by PVC firms, the receipt of GVC financing acts as a “stamp of approval” (Lerner 2002, p. F78).”
The patterns of venture capital investment in Europe (2015, background): “Previous studies argued that the rationale for GVC is to fill the funding gap left by private investors (Lerner 1999, 2002).”
Spatial Proximity Effects and Regional Equity Gaps in the Venture Capital Market: Evidence from Germany and the United Kingdom (2005, background): “…example, that the key problem facing lagging regions is that of low rates of new and small, and especially high-technology-based, enterprise formation (Bannock Consulting, 2001; Bottazzi and Da Rin, 2002; European Commission, 1998; Koschatzky, 2000; Lerner, 2002; Murray, 1998; OECD, 1996; 1997).”
Subsidies or loans? Evaluating the impact of R&D support programmes (2017, background): “Innovation policy could be captured by permanent R&D performers, and politicians or interests groups may seek to allocate subsidies to benefit themselves (Lerner, 2002), selecting firms based on their likely success, regardless of a low marginal contribution of public aid.”