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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/17695| Title: | Driving Forces of Venture Capital Investments in Europe : A Dynamic Panel Data Analysis |
| Keywords: | G32 G24 ddc:330 venture capital investments Europe dynamic panel Risikokapital Investition Kapitalanlage Humankapital Börsenumsatz Arbeitsmarktflexibilisierung Schätzung EU-Staaten Westeuropa |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Kiel Institute for the World Economy (IfW) Kiel |
| Description: | Using dynamic panel estimations, this paper identifies driving forces of venture capital activity for Western European countries. Driving forces might be the liquidity of stock markets, human capital endowment, and labour market rigidities. The paper shows that these factors do not affect expansion stage investments used as a broader definition of venture capital, while they positively affect early stage investments used as a narrow definition. Thus, the results suggest not only that liquid stock markets play an important role for the development of venture capital markets but also that they are not the only factor that drives venture capital activity. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/17695 |
| Other Identifiers: | http://hdl.handle.net/10419/17695 ppn:366898817 |
| Appears in Collections: | EconStor |
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