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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

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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.


Policy Entrepreneurship

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

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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.


Public Policy and the Economics of Entrepreneurship

Public Policy and the Economics of Entrepreneurship
Author: Douglas Holtz-Eakin
Publisher: MIT Press
Total Pages: 244
Release: 2003-12-23
Genre: Business & Economics
ISBN: 9780262263092

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This groundbreaking collection of essays by leading economists examines different aspects of entrepreneurship and its relation to public policy. Entrepreneurship has been a subject of much recent discussion among academics and policymakers because of the belief that it invigorates the economy—producing greater productivity, more jobs, and higher economic growth. President George W. Bush promoted his economic plan by pointing to its encouragement of entrepreneurship. Yet, despite its importance, the topic of entrepreneurship is underrepresented in the economics literature. The contributors to Public Policy and the Economics of Entrepreneurship examine different aspects of entrepreneurship and its relation to public policy to help us reach a better understanding of the economic role of entrepreneurs. The contributors, all prominent economists, first consider what policies effectively encourage entrepreneurship, discussing a possible role for government in venture capital markets, the effect of the tax code's subsidy of health insurance for the self-employed, and the impact of banking deregulation on entrepreneurial activity. Two contributors then examine entrepreneurship in "unexpected places"—not small businesses, but large pharmaceutical firms and nonprofit organizations. The final essays explore the effect of entrepreneurship on inequality, looking at statistical evidence of upward mobility for self-employed blacks and Hispanics and discussing the effect on entrepreneurial activity of policies to reduce wealth inequality. The contributors hope, by offering a rigorous economic examination of entrepreneurship, to foster better public policies that encourage and support entrepreneurial activity.


Entrepreneurship, Small Business and Public Policy

Entrepreneurship, Small Business and Public Policy
Author: Robert J. Bennett
Publisher: Routledge
Total Pages: 189
Release: 2014-06-20
Genre: Business & Economics
ISBN: 1136155929

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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.


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

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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.


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: 258
Release: 2002-04-30
Genre: Business & Economics
ISBN: 0792376854

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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.


Sport Entrepreneurship and Public Policy

Sport Entrepreneurship and Public Policy
Author: Vanessa Ratten
Publisher: Springer
Total Pages: 196
Release: 2019-11-06
Genre: Business & Economics
ISBN: 9783030294571

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This book revisits the traditional general approach to sport policy by adopting an entrepreneurial perspective. The respective chapters, all written by recognized experts, link a fragmented collection of treatises on entrepreneurship, public policy and sport entrepreneurship to develop a coherent, unified perspective on policy-making. The book’s central argument is that, while in the past, sport policy focused more on governance and political elements, these aspects can also be embedded into a ‘policy entrepreneurship’ perspective. To date, most sport policy research has also tended to pursue an organizational behavior or political science approach. Breaking with that trend, the book incorporates the nascent sport entrepreneurship literature into this approach. The new strategies proposed here offer valuable resources for public policy planners and sports managers alike, two groups who need to work together to build better policy initiatives.


Institutional Entrepreneurship and Policy Change

Institutional Entrepreneurship and Policy Change
Author: Caner Bakir
Publisher: Springer
Total Pages: 326
Release: 2018-02-19
Genre: Political Science
ISBN: 3319703501

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This book is about the role of agents in policy and institutional change. It draws on cross-country case studies. The focus on ‘agency’ has been an important development, enabling researchers to better reveal the causal mechanisms generating institutional change (i.e., how institutional change actually takes place). However, past research has generally been limited to specific intellectual silos or scholarly domains of inquiry. Policy scholars, for example, have tended to focus on the various mechanisms and levels at which agency operates, drawing on institutionalist perspectives but not always actively contributing to institutionalist theory. Institutionalist perspectives, by contrast, have tended to operate at macro-levels of enquiry, embracing the ontological primacy of institutions in processes of isomorphism but not necessarily contributing to or embracing policy perspectives that engage in more granular analyses of policy making processes, implementation, and the instantiation of institutional and policy change. Despite the obvious complementarities of these two intellectual traditions, it is surprising how little collaborative work, or indeed cross fertilization of theory and analytical design has occurred. The core novelty of this volume is thus its focus on agential actors within institutional settings and processes of entrepreneurship that facilitate isomorphism and policy change. The book’s theoretical framework is grounded in variants of institutional theory, especially historical, sociological and organisational institutionalism and policy entrepreneurship literature. The overall conclusion is that that both institutionalists and public policy scholars have largely overlooked the importance of complex interactions between interdependent structures, institutions, and agents in processes of institutional and policy change.


Policy Entrepreneurship

Policy Entrepreneurship
Author: Lynn C. Ross
Publisher:
Total Pages: 0
Release: 2022-06-28
Genre: Political Science
ISBN: 9780815727361

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Examining the impact of policy entrepreneurs at all stages of policymaking. Public policymaking in the United States is a dynamic, complex, and even circuitous process. That's where policy entrepreneurs come in. These critical catalysts and shapers of change are the engines that drive the whole policy process. Lynn C. Ross, director of the Master of Policy Management Program (MPM) at Georgetown's McCourt School of Public Policy and an executive branch veteran, lays out what it takes to be a policy entrepreneur. Building from John W. Kingdon's classic streams model (Agendas, Alternatives, and Public Policies), Ross uses prominent case studies to assess the impact of policy entrepreneurs on policy change and shares their strategies. Anyone who hopes to have any impact on policymaking will benefit from learning how to think and act like a policy entrepreneur.


How Local Politics Shape Federal Policy

How Local Politics Shape Federal Policy
Author: Sarah S. Elkind
Publisher: Univ of North Carolina Press
Total Pages: 285
Release: 2011
Genre: Business & Economics
ISBN: 0807834890

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Focusing on five Los Angeles environmental policy debates between 1920 and 1950, Sarah Elkind investigates how practices in American municipal government gave business groups political legitimacy at the local level as well as unanticipated influence over