Loading...
An assessment of government funding of business angel networks: a regional study
Collewaert, Veroniek Manigart, Sophie Aernoudt, Rudy
Collewaert, Veroniek
Manigart, Sophie
Aernoudt, Rudy
Citations
Altmetric:
Publication Type
Working paper
Editor
Supervisor
Publication Year
2007
Journal
Book
Publication Volume
Publication Issue
16
Publication Begin page
Publication End page
Publication NUmber of pages
28
Collections
Abstract
In this paper we evaluate whether government intervention through the public funding of business angel networks is warranted. Based on a regional study of four BANs, we find that these subsidies reach their goals in terms of contribution to economic development and reducing financing and information problems entrepreneurial companies face. However, they are partly based on the wrong assumptions as these companies are not (yet) value creating. Therefore, we advise caution in using the market failure argument as grounds for government intervention in the informal risk capital market.
Research Projects
Organizational Units
Journal Issue
Keywords
Corporate Finance, Entrepreneurship