Public Policy and Venture Capital Backed Innovation

Innovation and Venture Capital Policy in Brazil and South Africa

This paper examines what constrains and what augments innovation in emerging markets, with a focus on the role of venture capital. It analyses what policy options are open to the government to facilitate innovation. To do this it looks at two country case studies: Brazil and South Africa.

Finance , Innovation & Growth ( FINNOV ) Innovation in Venture - Capital Backed Clean - Technology Firms in the UK

No . 2006 / 29 Public Policy and Venture Capital Financed Innovation : A Contract Design Approach

The effects of public policy programs which aim at internalizing spill-overs due to successful innovation are analyzed in a sequential double-sided moral hazard doublesided adverse selection framework. The central focus lies in analyzing their impact on contract design. We show that in our framework only ex post grants are a robust instrument for implementing the first-best situation, whereas t...

Innovation in Venture-Capital Backed Clean-Technology Firms in the UK

Copyright and Moral Rights for the articles on this site are retained by the individual authors and/or other copyright owners. For more information on Open Research Online's data policy on reuse of materials please consult the policies page. FINNOV is funded through Theme 8 of the Seventh Framework Programme of the European Commission (SocioEconomic Sciences and the Humanities), under the topic...

Prediction of Equity Values for Venture Capital Backed Firms

This study investigates the predictability of firm values for venture capital-backed firms. Having insights into the internal documents of more than 300 venture capitalists, we derive three common categories of firm value drivers: team characteristics, firm and market characteristics, and accounting information. Based on these value drivers, we provide a regression based valuation approach, whi...