Instituitions and Venture Capital: A cross country analysis on OECD countries

Instituitions and Venture Capital: A cross country analysis on OECD countries

Singh, K.

Kleinknecht, A. (mentor)
Storm, S. (mentor)
Enserink, B. (mentor)

Technology, Policy and Management

Economics of Innovation

Engineering and Policy Analysis

2013-08-23

Small and Medium Enterprises (SMEs) form the backbone of any economy. However, access to finance remains a key contraint to SME development and thus economic development. The Venture Capital industry has proved to be a good alternative source of financing in some countries to promote innovation and entrepreneurship. Having originated in the USA (a market based economy), it is catching up in Europe particularly in Scandinavian countries through numerous policy initiatives taken by the national governments. However, most continental European economies are traditionally bank-based and the venture capital industry has not been as successful (atleast in the last two decades) compared to USA. Past research in the field attributes this difference in performance to numerous factors but none that provides a detailed and in-depth institutional basis to it. This thesis attempts to find if the venture capital industry is more successful in a particular institutional environment or more specifically a particular kind of economic system.

Institutions
Innovation
Venture Capital
Financial Structure
Small and Medium Enterprises

http://resolver.tudelft.nl/uuid:7fdba46a-70e7-49f4-94a3-986f53c934e2

2013-08-09

Student theses

master thesis

(c) 2013 Singh, K.