| Venture Capital: A Euro-System Approach 2004 Edition Contributor(s): Caselli, Stefano (Editor), Gatti, Stefano (Editor) |
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ISBN: 3540402349 ISBN-13: 9783540402343 Publisher: Springer OUR PRICE: $104.49 Product Type: Hardcover - Other Formats Published: August 2003 Annotation: Venture Capital. A Euro-System Approach covers a wide spectrum of topics: it investigates the way venture capital really works, the relations between venture capital, corporate banking and stock exchanges, market trends in Europe and the US, legal issues related to the creation of venture capital firms and closed end funds, and finally regulatory and economic policy issues. The book is based on a strong link between a rigorous methodological approach and real world best practices of venture capitalists - thanks to a team of contributors formed by both academics and professionals of different fields (venture capitalists, financial analysts, regulators, stock exchange executives). |
| Additional Information |
| BISAC Categories: - Business & Economics | Finance - General - Mathematics | Game Theory - Political Science | Public Policy - Economic Policy |
| Dewey: 332.041 |
| LCCN: 2003059052 |
| Physical Information: 1.13" H x 6.42" W x 9.36" (1.67 lbs) 423 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Josh Lerner Jacob H. Schiff Professor of Investment Banking Harvard Business School and National Bureau of Economic Research During much of the 1970s and 1980s, venture capital and private equity remained largely a United States phenomena. Over the past decade, how- ever, private equity has spread around the globe, taking particularly firm root in Western Europe-indeed, growing 4,700% since 1984 through 200 I. Today, Europe is the dominant private equity market outside the United States. Despite this tremendous growth and the current recessionary cli- mate, there is ample room for attractive expansion in European private eq- uity; both for venture capital and private equity. There have been several reasons for this growth. The first has been the internationalization of capital sources. The key sources of capital for Euro- pean private equity funds have traditionally been segmented by national boundaries: historically, the pattern in Europe has been for private equity groups to raise funds from banks, insurance companies, and government bodies in their own country, with little involvement from foreign investors. These barriers are now breaking down for two principal reasons. First, in- stitutional investors, particularly in the United States, have become in- creasingly interested in European funds. Second, many international pri- vate equity firms have become more active in Europe. A second driver of growth has been the entry of new talent into the in- dustry. Traditionally, many European private equity investors had come from financial or consulting backgrounds, rather than from operating roles. |
