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Taxation and Venture Capital Backed Entrepreneurship
Journal
International Tax and Public Finance
ISSN
0927-5940
ISSN-Digital
1573-6970
Type
journal article
Date Issued
2004-08-01
Author(s)
Nielsen, Soren Bo
Abstract
In recent years, venture capital has increasingly become a factor in the financing of new firms. We examine how the value of mature firms determines the incentives of entrepreneurs to start up new firms and of venture capitalists to finance and advise them. We examine how capital gains taxes as well as subsidies to start-up costs of new firms affect venture capital backed entrepreneurship. We also argue that dividend and capital gains taxes on mature firms have important consequences for start-up firms as well.
Language
English
Keywords
Taxes
venture capital
entrepreneurship
double moral hazard.
HSG Classification
not classified
Refereed
No
Publisher
Springer
Publisher place
New York
Volume
11
Number
4
Start page
369
End page
390
Pages
22
Subject(s)
Eprints ID
2093
File(s)