| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28744 |
| 来源ID | Working Paper 28744 |
| The Dance Between Government and Private Investors: Public Entrepreneurial Finance around the Globe | |
| Jessica Bai; Shai Bernstein; Abhishek Dev; Josh Lerner | |
| 发表日期 | 2021-05-03 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | This paper examines the interaction between governments and private capital investors when financing early-stage ventures. We first provide a simple conceptual framework to explore when collaboration between governments and private investors is likely to emerge. Using hand-collected data on 755 programs worldwide, we find that government programs frequently involve private capital investors. Collaboration is greater when governments are more effective, when programs target earlier-stage companies, and when the local private venture market is more developed. Such collaborations mostly occur through joint equity investments and matching-funds requirements. These findings underscore the importance of government synergies with local private capital markets. |
| 主题 | Financial Economics ; Financial Institutions ; Public Economics |
| URL | https://www.nber.org/papers/w28744 |
| 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/586418 |
| 推荐引用方式 GB/T 7714 | Jessica Bai,Shai Bernstein,Abhishek Dev,et al. The Dance Between Government and Private Investors: Public Entrepreneurial Finance around the Globe. 2021. |
| 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 | ||
| w28744.pdf（3196KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
