000 | 01782nab a2200301 c 4500 | ||
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003 | ES-MaIEF | ||
005 | 20190108110525.0 | ||
007 | ta | ||
008 | 190108t2018 gw ||||| |||| 00| 0|eng d | ||
040 |
_aES-MaIEF _bspa _cES-MaIEF |
||
041 | _aeng | ||
100 | 1 |
_959283 _aD'Andria, Diego |
|
245 | 0 |
_aStart - ups, venture capital financing and tax policy under adverse selection _c Diego d'Andria |
|
260 | _c2018 | ||
500 | _aDisponible también en formato electrónico a través de la Biblioteca del IEF. | ||
500 | _aResumen. | ||
504 | _aBibliografía. | ||
520 | _aWe study a market for equity financing with private information about start-up projects, thus producing adverse selection. The novelty lies in assuming that the alternative investment option for entrepreneurs earns them an income that correlates with the probability of succeeding as an entrepreneur. The model thereby captures conditions typically met by innovative entrepreneurs in a venture-capital market. We derive the equilibrium conditions that are found to produce under- and overinvestment simultaneously for different types of projects. We then discuss possible policy interventions using taxes and subsidies linked to observables. | ||
650 | 4 |
_954507 _aEMPRENDEDORES |
|
650 | 4 |
_950268 _aCREACION DE EMPRESAS |
|
650 | 4 |
_949904 _aINNOVACIÓN |
|
650 | 4 |
_943879 _aINVERSIONES EMPRESARIALES |
|
650 | 4 |
_947460 _aIMPUESTOS |
|
650 | 4 |
_947776 _aMODELOS ECONOMETRICOS |
|
773 | 0 |
_9158445 _oOP 207/2018/4 _tFinanzArchiv _w(IEF)21244 _x 0015-2218 _g v. 74, n. 4, December 2018, p. 462-480 |
|
856 | _uhttp://docserver.ingentaconnect.com/deliver/connect/mohr/00152218/v74n4/s3.pdf?expires=1546943324&id=0000&titleid=10500&checksum=E063225C490CBDCC8C499C46FB688949 | ||
942 | _cART | ||
999 |
_c139598 _d139598 |