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The legislative road to Silicon Valley

Abstract:

Must policymakers seeking to replicate the success of Silicon Valley's venture capital market first copy other US institutions, such as deep and liquid stock markets? Or can legislative reforms alone make a significant difference? In this paper, we compare the economic and legal determinants of venture capital investment, fundraising, and exits. We introduce a cross-sectional and time series empirical analysis across 15 countries and 14 years of data spanning an entire business cycle. We show...

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Publication status:
Published
Peer review status:
Peer reviewed

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Publisher copy:
10.1093/oep/gpl007

Authors


More by this author
Institution:
University of Oxford
Oxford college:
Oriel College
Role:
Author
Publisher:
Oxford University Press Publisher's website
Journal:
Oxford Economic Papers Journal website
Volume:
58
Issue:
4
Pages:
596-635
Publication date:
2006-06-12
DOI:
EISSN:
1464-3812
ISSN:
0030-7653
Keywords:
Pubs id:
pubs:601114
UUID:
uuid:c6d6effa-095e-4c4b-abf3-9028e6028eef
Local pid:
pubs:601114
Source identifiers:
601114
Deposit date:
2017-01-18

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