Venture capital and economic growth in the local markets
by Nada Kobeissi, Haizhi Wang
International Journal of Public Sector Performance Management (IJPSPM), Vol. 1, No. 3, 2009

Abstract: Entrepreneurship involves mobilising resources in pursuit of opportunities in the founding of new businesses. During the entrepreneurial process, resource acquisition, especially financial resources, are crucial for bringing innovative ideas into reality. As professional investors and important financial intermediary, venture capitalists are recognised for financing innovative entrepreneurial companies and providing a significant share of the total pool of risk capital for new firms with high growth potential. While there is a growing sense among academic researchers that the US economy especially benefits from a strong and prosperous venture capital industry, empirical evidence, however, of such benefits are still scant. This paper, therefore, provides empirical examination of the real effect of venture capital investments. It finds supportive and robust evidence of significant effect of such investments on US regional economic development.

Online publication date: Wed, 04-Nov-2009

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Public Sector Performance Management (IJPSPM):
Login with your Inderscience username and password:

    Username:        Password:         

Forgotten your password?


Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com