Venture capital and new technology based firms : an US-German comparison
Author(s)
Bibliographic Information
Venture capital and new technology based firms : an US-German comparison
(Technology, innovation, and policy, 4)
Physica-Verlag, c1997
Available at 12 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
Note
Bibliographical references (p. [139]-153]) and index
Description and Table of Contents
Description
The aim of this study is to investigate in the role of Venture Capital in the development of New Technology Based Firms in two countries: USA and Germany. Based on literature review and empirical work issues concerning the extent and stage of financing, the nature of oversight provided by Venture Capitalists and the framework conditions for Venture Capital are subject of investigation. The results have been reflected in a workshop with experts from research, industry and policy.
Table of Contents
1 Introduction.- 1.1 Objectives and the Scope of the Study.- 1.2 Issues, Research Questions and the Study Concept.- 2 Venture Capital Markets, New Technology Based Firms and Financial Systems: Definitions and an Overview of the US and German Experiences.- 2.1 Venture Capital: the Process and Investors.- 2.2 New Technology Based Firms.- 2.3 The Capital Market Segments in the US and Germany.- 3 Framework Conditions for Venture Capital: Results of the Literature Review.- 3.1 Development of the Venture Capital Markets - a Historical Overview.- 3.2 The Markets Today.- 3.3 Framework Conditions and Development Determinants.- 3.4 Public Policy.- 3.5 Specific Conclusions of the Literature Review.- 4 Ten Case Studies of Venture-backed Firms and their Investment Companies.- 4.1 Methodological Preliminaries.- 4.2 The US Studies.- 4.2.1 The Early Stage Investment: the Start-up Firm.- 4.2.2 The Later Stage Investment: the IPO.- 4.2.3 Corporate Venture Capital.- 4.2.4 Technology Transfer Process.- 4.2.5 New Directions in Venture Capital: Venture Leasing.- 4.3 The German Studies.- 4.3.1 Successful Trade Sale.- 4.3.2 Transatlantic Investment.- 4.3.3 Regional Investment.- 4.3.4 Early Stage Investments in Industrial Spin-Out and Scientific Spin-Off.- 4.4 Specific Conclusions and Synopsis of the Empirical Evidence.- 5 Summary and Overall Conclusions.- 6 References.
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