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Public Policy for Venture Capital

A Comparison of the United States and Germany

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  • © 2006

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Authors:
  1. Arnd Plagge
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Table of contents (8 chapters)

  1. Front Matter

    Pages i-xvi
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  2. The nature and role of venture capital

    Pages 1-11

  3. Theoretical perspectives on public policy for venture capital

    Pages 13-26

  4. Venture capital in the U.S.

    Pages 27-36

  5. Venture capital in Germany

    Pages 37-58

  6. Venture capital in the U.S. and Germany in comparison

    Pages 59-64

  7. IPOs and venture capital

    Pages 65-94

  8. Supply and demand in perspective

    Pages 95-111

  9. Nothing ventured?

    Pages 113-114

  10. Back Matter

    Pages 115-139
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Keywords

About this book

In view of Germany's lackluster economic performance during the 1990s, i. e. , at a time when the American economy was booming, a relative lack of venture capital vis-a-vis the United States was lamented in Germany. Ger­ man government programs meant to help raise venture capital in order to fi­ nance "predominantly young, technologically innovative, unlisted small- and medium-sized enterprises which, despite low current profitability, are consid­ ered to have a suflficiently large growth potential," (Deutsche Bundesbank) were to a large extent unsuccessful since their inception in the 1960s. It is well-known that Germans tend to be more risk-averse than Americans, and it is therefore no wonder that the author of this book, Arnd Plagge, finds that Germany's venture capital market is relatively underdeveloped when compared to its counterpart in the United States. There can be no doubt that due to its investment focus on innovative start-up companies, venture capital can play an important role in fostering economic growth and the creation of modern high-skill jobs, especially by spurring the development of entirely new industries and products from such diverse and dynamic realms as pharmaceuticals, biotechnology as well as information and communication technology.

About the author

Arnd Plagge ist Doktorand im Department of Political Science der University of Rochester, Rochester, NY, USA.

Bibliographic Information

  • Book Title: Public Policy for Venture Capital

  • Book Subtitle: A Comparison of the United States and Germany

  • Authors: Arnd Plagge

  • DOI: https://doi.org/10.1007/978-3-8350-9048-4

  • Publisher: Deutscher Universitätsverlag Wiesbaden

  • eBook Packages: Business and Economics, Economics and Finance (R0)

  • Copyright Information: Gabler Verlag | Springer Fachmedien Wiesbaden GmbH, Wiesbaden 2006

  • Softcover ISBN: 978-3-8350-0217-3Published: 26 January 2006

  • eBook ISBN: 978-3-8350-9048-4Published: 24 September 2007

  • Edition Number: 1

  • Number of Pages: XVI, 139

  • Topics: Finance, general, Economics, general

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