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About this book

Introduction

The inventive process is the most important driver of economic growth. Venture capital (VC) funds have contributed a small, but critical, part to the inventive process. VC funds boost the inventive process by selecting a small number of radical ideas out a large flow of ideas and invest in their testing, development and commercialization. They bring together capital from general savings, management capabilities and business experience. When successful, VC-backed companies can contribute substantially to the welfare of society. 

In this book, VC funds are discussed in the context of macroeconomics, industrial organization, financial intermediation and financial economics. The authors adopt a comprehensive overview to provide clearer insight into the role of VC funds in the capital market and the way they operate.

Keywords

Radical Ideas United States Semiconductor Industry Globalization Technology Government Intervention IP Laws Risk Assets Financial Intermediation Consumer Surplus

Authors and affiliations

  • Tamir Agmon
    • 1
  • Stefan Sjögren
    • 2
  1. 1.University of GothenburgGöteborgSweden
  2. 2.University of GothenburgGöteborgSweden

Bibliographic information

  • DOI https://doi.org/10.1057/978-1-137-53660-0
  • Copyright Information The Editor(s) (if applicable) and The Author(s) 2016
  • Publisher Name Palgrave Pivot, London
  • eBook Packages Economics and Finance
  • Print ISBN 978-1-137-53659-4
  • Online ISBN 978-1-137-53660-0
  • Buy this book on publisher's site