{"product_id":"the-development-of-venture-capital-fundraising-in-europe-von-rigaut-aloys","title":"The development of venture capital fundraising in Europe","description":"\u003cp\u003eHow to explain the dramatic development of venture  capital fundraising in Europe from 1996 to 2000 and  its severe downturn in 2001? To answer this question,  the author goes through a survey of the literature on  the economics of venture capital and explains the  analytic framework underlying the discussions about  the European venture capital market. He then proposes  an econometrics model using the regression  methodology and panel daya techniques, discusses its  empirical results and findings, and puts forward some  policy recommendations.  The author shows in particular that the main  empirical determinants of venture capital fundraising  in Europe are ICT expenditures, labour market  rigidities, and the regulatory environment. With a  strong negative coefficient, the number of IPOs  surprisingly does not turn out to be significant in  the expected way, which is contradictory with the  stylised fact identified in the literature, while  possibly being the consequence of European stock  market fragmentation.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783844397260\"\u003e\u003ch3\u003eEvidence across countries, prospects and policy issues\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783844397260","offer_id":39497122185309,"sku":"9783844397260","price":49.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/62a0ff87-22f5-4f1e-8682-f23cce00e8fa.jpg?v=1775626611","url":"https:\/\/shop.autorenwelt.de\/products\/the-development-of-venture-capital-fundraising-in-europe-von-rigaut-aloys","provider":"Autorenwelt Shop","version":"1.0","type":"link"}