Institutions and venture capital
Lerner, Josh and Tåg, Joacim LU
(2013)
In Industrial and Corporate Change
22(1).
p.153-182
- Abstract
We survey the literature on venture capital and institutions and present a case study comparing the development of the venture capital market in the United States and Sweden. Our literature survey underscores that the legal environment, financial market development, the tax system, labor market regulations, and public spending on research and development correlate with venture capital activities across countries. Our case study suggests these institutional differences led to the later development of an active venture capital market in Sweden compared with the United States. In particular, a later development of financial markets and a heavier tax burden for entrepreneurs have played a key role.
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/0b09d681-bf5f-4822-96e7-f283dc1bd59c
- author
- Lerner, Josh
and Tåg, Joacim
LU
- publishing date
- 2013-02-01
- type
- Contribution to journal
- publication status
- published
- subject
- in
- Industrial and Corporate Change
- volume
- 22
- issue
- 1
- article number
- dts050
- pages
- 30 pages
- publisher
- Oxford University Press
- external identifiers
-
- scopus:84873859991
- ISSN
- 0960-6491
- DOI
- 10.1093/icc/dts050
- language
- English
- LU publication?
- no
- id
- 0b09d681-bf5f-4822-96e7-f283dc1bd59c
- date added to LUP
- 2020-01-23 15:52:47
- date last changed
- 2022-04-03 00:18:16
@article{0b09d681-bf5f-4822-96e7-f283dc1bd59c,
abstract = {{<p>We survey the literature on venture capital and institutions and present a case study comparing the development of the venture capital market in the United States and Sweden. Our literature survey underscores that the legal environment, financial market development, the tax system, labor market regulations, and public spending on research and development correlate with venture capital activities across countries. Our case study suggests these institutional differences led to the later development of an active venture capital market in Sweden compared with the United States. In particular, a later development of financial markets and a heavier tax burden for entrepreneurs have played a key role.</p>}},
author = {{Lerner, Josh and Tåg, Joacim}},
issn = {{0960-6491}},
language = {{eng}},
month = {{02}},
number = {{1}},
pages = {{153--182}},
publisher = {{Oxford University Press}},
series = {{Industrial and Corporate Change}},
title = {{Institutions and venture capital}},
url = {{http://dx.doi.org/10.1093/icc/dts050}},
doi = {{10.1093/icc/dts050}},
volume = {{22}},
year = {{2013}},
}