Taxation and Venture Capital Backed Entrepreneurship
- Topics:
- Venture Capital
- Tags:
- Entrepreneurship,
- Finance,
- Financing Startups,
- Investment,
- Management,
- University Of St. Gallen,
- Venture Capital
- Source:
- University of St. Gallen
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Overview: In recent years, venture capital has increasingly become a factor in the financing of new firms. This paper examines 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. It examines how capital gains taxes as well as subsidies to start-up costs of new firms affect venture capital backed entrepreneurship. It also argues that dividend and capital gains taxes on mature firms have important consequences for start-up firms as well.
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Format: PDF | Size: 333KB | Date: Sep 2003 | Pages: 34
