| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w24808 |
| 来源ID | Working Paper 24808 |
| Financing Ventures | |
| Jeremy Greenwood; Pengfei Han; Juan M. Sanchez | |
| 发表日期 | 2018-07-16 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | The relationship between venture capital and growth is examined using an endogenous growth model incorporating dynamic contracts between entrepreneurs and venture capitalists. At each stage of financing, venture capitalists evaluate the viability of startups. If viable, venture capitalists provide funding for the next stage. The success of a project depends on the amount of funding. The model is confronted with stylized facts about venture capital: statistics by funding round concerning success rates, failure rates, investment rates, equity shares, and IPO values. The increased efficiency offered by venture capital for financing inventive startups is important for long-run growth and welfare. |
| 主题 | Macroeconomics ; Macroeconomic Models ; Consumption and Investment ; Financial Economics ; Financial Institutions ; Industrial Organization ; Firm Behavior ; Development and Growth ; Development ; Innovation and R& ; D ; Growth and Productivity |
| URL | https://www.nber.org/papers/w24808 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/582482 |
| 推荐引用方式 GB/T 7714 | Jeremy Greenwood,Pengfei Han,Juan M. Sanchez. Financing Ventures. 2018. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w24808.pdf（692KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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