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Financing Entrepreneurial Firms in Europe: Facts, Issues, and Research Agenda

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Author Info

  • Laura Bottazzi
  • Marco da Rin

Abstract

During the latter part of the 1990s the introduction of the euro, the dramatic increase in the supply of venture capital in most EU countries, and the creation of several ‘new’ equity markets targeted at innovative firms have dramatically transformed the financing prospects of European entrepreneurial firms. In this study we contribute to a deeper understanding of their actual relevance by (i) gathering new evidence on European venture capital and on Europe’s ‘new’ stock markets, (ii) providing a rigorous econometric analysis of their impact on corporate growth, and (iii) elaborating on our findings to devise a research agenda.

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File URL: http://www.cesifo-group.de/portal/page/portal/DocBase_Content/WP/WP-CESifo_Working_Papers/wp-cesifo-2003/wp-cesifo-2003-06/cesifo_wp958.pdf
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Bibliographic Info

Paper provided by CESifo Group Munich in its series CESifo Working Paper Series with number 958.

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Date of creation: 2003
Date of revision:
Handle: RePEc:ces:ceswps:_958

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Related research

Keywords: venture capital; initial public offerings (IPOs); entrepreneurship; going public; accounting standards;

This paper has been announced in the following NEP Reports:

References

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