Venture Capital, Entrepreneurship, and Public Policy

Venture Capital, Entrepreneurship, and Public Policy
Author: Vesa Kanniainen
Publisher: MIT Press
Total Pages: 324
Release: 2004-12-03
Genre: Business & Economics
ISBN: 9780262263399

Experts in public economics and financial economics discuss the special role of venture capital and if public policy should promote the venture capital industry; empirical and theoretical perspectives are developed. The existing literature in both public economics and financial economics often fails to consider how appropriate and effective public policy may be in promoting the venture capital industry. Public economics has dealt extensively with the effect of taxes and subsidies but has neglected the unique role of venture capitalists as active investors who provide not only funding but added value. Financial economics has emphasized the special role of the venture capitalist but has not focused on the real effects of venture capital in industry equilibrium or the role of public policy. This volume in the CESifo Seminar series brings together experts in public and financial economics to develop a theoretically and empirically informed international policy perspective for an era in which policymakers increasingly look to venture capital as a source of jobs, innovation, and economic growth. The chapters in part I analyze data on the levels of venture capital fundraising in Europe, problems in the bank-oriented beginnings of German venture capital finance in the 1970s, and the inefficiency of Canadian labor-sponsored venture capital funds. Part II looks at the effect of venture capital on labor market performance, the importance of exit opportunities, and the effect of information inflows on the venture capital cycle. The chapters in part III take the perspective of public economics, reviewing the role of public policy in addressing potential market failures, improving the quality of venture capital investments, and affecting entrepreneurial business activity through tax policy.

Public Policy and the Economics of Entrepreneurship

Public Policy and the Economics of Entrepreneurship
Author: Douglas Holtz-Eakin
Publisher:
Total Pages: 0
Release: 2009
Genre:
ISBN:

The effects of entrepreneurship on a nationaleconomy are assumed to be widespread, influencing new products, prices,innovation, and productivity. Thus, a nation's policies toward the promotionof, or inhibition of, entrepreneurship are significant. This book is acompilation of papers from an April 2001 Syracuse University conference ofeconomists and addresses how public policy should promote entrepreneurship bylooking at the following main categories: Policies to Encourage EntrepreneurialActivity, Entrepreneurs in Unexpected Places, and Entrepreneurship andInequality. (AKP) Table of Contents When Bureaucrats Meet Entrepreneurs: The Design of Effective “Public VentureCapital” Programs, Josh Lerner The Self-Employed are Less Likely to have Health Insurance than WageEarners. So What? Craig William Perry and Harvey S. Rosen Business Formation and the Deregulation of the Banking Industry, SandraE. Black and Philip E. Strahan Public Policy and Innovation in the U.S. Pharmaceutical Industry, FrankR. Lichtenberg Dimensions of Nonprofit Entrepreneurship: An Exploratory Essay, Joseph J.Cordes, C. Eugene Steuerle, and Eric Twombly Does Business Ownership Provide a Source of Upward Mobility for Blacks andHispanics? Robert W. Fairlie Entrepreneurial Activity and Wealth Inequality: A Historical Perspective,Carolyn M. Moehling and Richard H. Steckel.

Policy Entrepreneurship

Policy Entrepreneurship
Author: Michael Mintrom
Publisher: Routledge
Total Pages: 184
Release: 2021-05-13
Genre: Business & Economics
ISBN: 1000200353

Policy entrepreneurs engage in collaborative action to promote broad societal changes. They distinguish themselves from other political actors through their willingness to promote policy innovations that are new within specific contexts. Policy Entrepreneurship: An Asian Perspective showcases an exciting collection of new research studies. Previous studies of policy entrepreneurship within specific contexts across this vast region have confirmed the explanatory power of the concept, even though the political systems under investigation are distinct from the political system in the United States, where the notion of policy entrepreneurship was coined. This book is the first ever comprehensive compilation of research on policy entrepreneurship in Asia, and focused on policy change in China, India, Indonesia, Singapore and Thailand. All the studies gathered here assess the agency of policy entrepreneurs within broader structures that present them with both opportunities and constraints. In their different ways, each chapter explores how structural changes, specific strategies used by policy entrepreneurs, and the practice of boundary spanning shape policy agendas. The scholarship on display offers an inspiring treasure trove of ideas, insights, concepts, and research strategies. This book will prompt newer scholarship on policy entrepreneurs and the crucial role they play in contemporary politics, in Asia and globally. The chapters in this book were originally published in the Journal of Asian Public Policy.

Entrepreneurship, Small Business and Public Policy

Entrepreneurship, Small Business and Public Policy
Author: Robert J. Bennett
Publisher:
Total Pages: 0
Release: 2014
Genre: Business & Economics
ISBN: 9780203078624

Public policy interventions aimed at encouraging, supporting and developing small businesses are important for understanding entrepreneurship and small business management. This textbook is the first to provide teachers and students with a resource that gives an overview of how institutional and policy structures interact with small firm start-ups, continuation and succession/failures. Beginning with a brief introduction to policy processes, the text covers the main policy instruments for entrepreneurial market entry and start-up support, for on-going small business advice and financial support, and succession planning. It particularly focuses on policies that improve the Business Enabling Environment through macroeconomic policy, institutional reform, and deregulation of bureaucratic burdens. Theoretical rigour is complemented by detailed assessments of current policies around the world, including USA, advanced and emerging economies and Policy support from global institutions such as the World Bank and the ILO are included. Written by a pre-eminent scholar of public policy and entrepreneurship, this textbook provides a concise but thorough introduction to the subject for Master's students internationally. Policy recommendations in the author's conclusion also highlight the book's value to policy-makers as they adapt to the globalized, digital world.

Entrepreneurship Policy: Theory and Practice

Entrepreneurship Policy: Theory and Practice
Author: Anders Lundstrom
Publisher: Springer Science & Business Media
Total Pages: 316
Release: 2005-09-21
Genre: Business & Economics
ISBN: 0387242023

Entrepreneurship Policy: Theory and Practice is the first book to fully analyze the construction of entrepreneurship policy, a rapidly-evolving area of policy about which little is known. From a study and assessment of the practices of governments in thirteen countries in Europe, North America and the Asia-Pacific, this book fully describes the policy area and shares new tools and methods for better understanding and explaining the why and how of an entrepreneurship policy approach. Unlike other research in the field of entrepreneurship where implications from research findings are used to suggest what policy actions should be taken to increase the level of entrepreneurship in an economy, this study is based on what entrepreneurship policy actions are being taken. This is a unique book in the field which points to the way forward both for policymakers and for the research community in terms of thinking about entrepreneurship policy and the complex issues surrounding its development.

Innovation and Public Policy

Innovation and Public Policy
Author: Austan Goolsbee
Publisher: University of Chicago Press
Total Pages: 259
Release: 2022-03-25
Genre: Business & Economics
ISBN: 022680545X

A calculation of the social returns to innovation /Benjamin F. Jones and Lawrence H. Summers --Innovation and human capital policy /John Van Reenen --Immigration policy levers for US innovation and start-ups /Sari Pekkala Kerr and William R. Kerr --Scientific grant funding /Pierre Azoulay and Danielle Li --Tax policy for innovation /Bronwyn H. Hall --Taxation and innovation: what do we know? /Ufuk Akcigit and Stefanie Stantcheva --Government incentives for entrepreneurship /Josh Lerner.

Entrepreneurial State

Entrepreneurial State
Author: Mariana Mazzucato
Publisher: Anthem Press
Total Pages: 284
Release: 2015
Genre:
ISBN: 1783085215

List of Tables and Figures; List of Acronyms; Acknowledgements; Introduction: Thinking Big Again; Chapter 1: From Crisis Ideology to the Division of Innovative Labour; Chapter 2: Technology, Innovation and Growth; Chapter 3: Risk-Taking State: From 'De-risking' to 'Bring It On!'; Chapter 4: The US Entrepreneurial State; Chapter 5: The State behind the iPhone; Chapter 6: Pushing vs. Nudging the Green Industrial Revolution; Chapter 7: Wind and Solar Power: Government Success Stories and Technology in Crisis; Chapter 8: Risks and Rewards: From Rotten Apples to Symbiotic Ecosystems; Chapter 9: So.

Entrepreneurship: Determinants and Policy in a European-US Comparison

Entrepreneurship: Determinants and Policy in a European-US Comparison
Author: David B. Audretsch
Publisher: Springer Science & Business Media
Total Pages: 248
Release: 2006-04-11
Genre: Business & Economics
ISBN: 0306475561

Without a clear and organized view of where and how entrepreneurship manifests itself, policy makers have been left in uncharted waters without an analytical compass. The purpose of this book is to provide such an analytical compass for directing how public policy can shape and promote entrepreneurship. We do this in two ways. The first is to provide a framework for policymakers and scholars to understand what determines entrepreneurship. The second is to apply this framework to a series of cases, or country studies. In particular, this book seeks to answer three questions about entrepreneurship: What has happened over time? Why did it happen? And, what has been the role of government policy? The cornerstone of the book is the proposed Eclectic Theory of Entrepreneurship. The goal of the Eclectic Theory is to provide a unified framework for understanding and analyzing the determinants of entrepreneurship. The Eclectic Theory of entrepreneurship integrates the different strands from relevant fields into a unifying, coherent framework. At the heart of the Eclectic Theory is the integration of factors shaping the demand for entrepreneurship on the one hand, with those influencing the supply of entrepreneurs on the other hand. The key to understanding the role of public policy is through identifying those channels shifting either the demand for or the supply of entrepreneurship by policy instruments. The findings in this book show that, by utilizing the framework provided by the Eclectic Theory of Entrepreneurship, it is within the grasp of policymakers to identify the determinants of entrepreneurship in a particular country setting at a particular point in time. This will be essential in formulating new public policies to promote entrepreneurship and, ultimately, economic growth, job creation and international competitiveness.

Transforming Public Policy

Transforming Public Policy
Author: Nancy C. Roberts
Publisher: Jossey-Bass
Total Pages: 310
Release: 1996-02-12
Genre: Education
ISBN:

This work is targeted at practitioners and researchers who pursue large-scale system change involving multiple organizations and hundreds of people. It looks at how radical change can be achieved in public policy by "change agents"--Often people outside government who push for change using certain policy entrepreneurship and innovation tactics. The authors' ultimate aim is to build an understanding of radical change in open systems - systems without clear boundaries that can cross group, organizational, regional, even national boundaries. The authors follow a single case - educational reform through public school choice in Minnesota - and its six policy entrepreneurs over a five year period to determine the dynamics of radical system-level change.

Policy Entrepreneurs and Dynamic Change

Policy Entrepreneurs and Dynamic Change
Author: Michael Mintrom
Publisher: Cambridge University Press
Total Pages: 151
Release: 2019-11-07
Genre: Political Science
ISBN: 1108643434

Policy entrepreneurs are energetic actors who engage in collaborative efforts in and around government to promote policy innovations. Interest in policy entrepreneurs has grown over recent years. Increasingly, they are recognized as a unique class of political actors, who display common attributes, deploy common strategies, and can propel dynamic shifts in societal practices. This Element assesses the current state of knowledge on policy entrepreneurs, their actions, and their impacts. It explains how various global forces are creating new demand for policy entrepreneurship, and suggests directions for future research on policy entrepreneurs and their efforts to drive dynamic change.