Determinants of the venture capital
Journal Title: Acta Economica - Year 2006, Vol 4, Issue 4
Abstract
In this paper I will briefly discuss and explain my theory and logic behind the determinants of VC financing that I consider most relevant. It is important to understand how they relate to the provision of venture financing and it is directly related to the analysis of the policy attempts to model a venture capital industry in different environments, which is a focus of the next section of this text. Generally, the identified sets of determinants lie in three broad categories. These include: the existence of the avenue of exit for the venture capitalists - usually thought of as the presence of a large and liquid stock market; favorable legal, fiscal and regulatory framework supportive of the private business initiative; and the presence of a strong human capital base.
Authors and Affiliations
Goran Dostić, PhD
Keywords
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