IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this paper

Venture Capital Policies in Sweden

Listed author(s):
  • Günseli Baygan
Registered author(s):

    Sweden has one of the highest levels of private equity investment as a share of GDP among OECD countries. However, its strength lies in later-stage investments, financed primarily by foreign investors. This reflects an industrial structure based on large manufacturing conglomerates. A lack of entrepreneurial demand and equity-related management expertise hinder the growth of the domestic venture capital industry. The Swedish government is now considering a set of changes to its regulatory and fiscal system to better target the needs of small, technology-based firms. Removing quantitative restrictions on institutional investors, lowering tax rates, and restructuring equity programmes are necessary steps. This paper analyses trends in Swedish venture capital markets and makes policy recommendations which have been developed through an OECD peer review process ... Politiques de capital-risque en Suède La Suède fait partie des pays de l’OCDE où la part des investissements en capital-risque dans le PIB est la plus élevée. Étant donné la structure industrielle du pays, et la place prépondérante qu’y occupent les grands groupes industriels, il s’agit toutefois pour l’essentiel d’investissements d’origine étrangère destinés à des entreprises déjà bien établies. Au plan national, l’absence de demande du côté des entrepreneurs et le manque de compétences en gestion pour les investissements en fonds propres entravent le développement de l’industrie du capital-risque. Le gouvernement suédois envisage actuellement de modifier divers aspects du cadre fiscal et réglementaire de l’investissement afin de mieux répondre aux besoins des entreprises technologiques de petite taille. La suppression des restrictions quantitatives appliquées aux opérations des investisseurs institutionnels, la diminution des taux d’imposition et la restructuration des programmes de prises de participation seraient à ...

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: no

    Paper provided by OECD Publishing in its series OECD Science, Technology and Industry Working Papers with number 2003/11.

    in new window

    Date of creation: 25 Jun 2003
    Handle: RePEc:oec:stiaaa:2003/11-en
    Contact details of provider: Postal:
    2 rue Andre Pascal, 75775 Paris Cedex 16

    Phone: 33-(0)-1-45 24 82 00
    Fax: 33-(0)-1-45 24 85 00
    Web page:

    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:oec:stiaaa:2003/11-en. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.