The internationalisation of venture capital activity in OECD countries: implications for measurement and policy
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| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Paris
OECD
2000
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| Series: | OECD working papers
8,95 STI working papers 2000,7 |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | 54 S. graph. Darst. |
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| 650 | 4 | |a Investments, Foreign |z OECD countries | |
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Record in the Search Index
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| adam_text | . DSTI/DOC(2000)7
TABLE OF CONTENTS
THE INTERNATIONALISATION OF VENTURE CAPITAL ACTIVITY IN OECD COUNTRIES:
IMPLICATIONS FOR MEASUREMENT AND POLICY .....: 3
INTRODUCTION : : . 6
VENTURE CAPITAL ACTIVITY : 9
Functioning of venture capital markets : , 9
Measurement problems 11
Funds raised for private equity / venture capital 13
Total funds raised: country of management versus country of origin 13
Sources of funds 17
Venture capital investment ;.. 18
Total investment: country of management versus country of destination . 18
Investment by stage ..25
Investment by sector 28
Investment by stage and sector 30
FACTORS INFLUENCING VENTURE CAPITAL ACTIVITY AND THE IMPLICATIONS OF
INTERNATIONAL VENTURE CAPITAL FLOWS , 33
The cyclical nature of venture capital markets 33
Implications for government policy 34
The relationship between barriers to entrepreneurship and venture capital activity 38
ANNEX , : , 45
REFERENCES 52
Boxes
Box 1: Capital constrained Gutenberg : 6
Box 2: Direct investors 11
Box 3: Government as venture capitalist 35
Box 4: Some government policies affecting the demand for venture capital 38
Box 5: Adjustments of the indicator of barriers to entrepreneurship 41
DSTI/DOC(2000)7
Figures
Figure 1: Simple framework of underlying factors and the impact of venture capital 8
Figure 2: Venture capital markets 10
Figure 3: Breakdown of funds raised for private equity according to the country of management
and country of origin approach, 1999 (as a percentage of GDP) 17
Figure 4: Share of major sources of funds raised, 1995 99 (as a percentage of total) 18
Figure 5: Breakdown of total private equity investment according to the country of management
and country of destination approach, 1999 (percentage of GDP) 22
Figure 6: Total private equity investment according to the country of management and country of
destination approach, 1999 (percentage of GDP) . .....22
Figure 7: Degree of internationalisation for funds raised and investments, 1999 24
Figure 8: Country of management compared to country of origin (for funds raised) and country of
destination (for investment): the case of the United Kingdom, 1999 (USD million) 25
Figure 9: Venture capital investment ( country of management approach) by stages as a percentage of
GDP, 1995 99 . 26
Figure 10: Venture capital investment ( country of management approach) in early stages and
expansion as a percentage of GDP 27
Figure 11: Investment in early stages and expansion: country of management versus country of
destination approach, 1999 (percentage of GDP) 28
Figure 12: Share of high technology sectors in total venture capital investment ( country of
management approach), 1995 99 29
Figure 13: Share of high technology sectors in total venture capital investment ( country of
management approach) 30
Figure 14: Investment in early stages and expansion ( country of management approach) and the share
of high technology sectors in total investment, 1995 99.... 31
Figure 15: Level of entrepreneurial activity, 2000 37
Figure 16: Barriers to entrepreneurship, around 1998 40
Figure 17: Barriers to entrepreneurship and underlying variables, around 1998 42
¦ Figure 18: Barriers to entrepreneurship (excl. some items) and venture capital activity 44
Tables
Table 1. Main sources of finance by business development stage 9
Table 2: New funds raised for private equity / venture capital (USD billion) 14
Table 3: Breakdown of European funds raised for private equity according to the country of
management and country of origin approach, 1999 (USD million) 16
Table 4: Total private equity / venture capital investment 19
Table 5: Breakdown of European private equity investment according to the country of management
and country of destination approach , 1999 (USD million) 21
Table 6: Cross border venture capital investment flows as a percentage of domestic investments 23
Table 7: Availability of different breakdowns of venture capital investment 31
Table 8: Actual and hypothetical venture capital investments, 1999 32
Table 9: Formalities for establishing a corporation, around 1998 39
|
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| indexdate | 2024-07-09T19:12:55Z |
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| spelling | Baygan, Günseli Verfasser aut The internationalisation of venture capital activity in OECD countries implications for measurement and policy Günseli Baygan and Michael Freudenberg Paris OECD 2000 54 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier OECD working papers 8,95 STI working papers 2000,7 Investments, Foreign OECD countries Small business enterprises OECD countries Venture capital OECD countries Freudenberg, Michael Verfasser aut OECD working papers 8,95 (DE-604)BV010346216 8,95 STI working papers 2000,7 (DE-604)BV011829612 2000,7 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=010275762&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Baygan, Günseli Freudenberg, Michael The internationalisation of venture capital activity in OECD countries implications for measurement and policy OECD working papers STI working papers Investments, Foreign OECD countries Small business enterprises OECD countries Venture capital OECD countries |
| title | The internationalisation of venture capital activity in OECD countries implications for measurement and policy |
| title_auth | The internationalisation of venture capital activity in OECD countries implications for measurement and policy |
| title_exact_search | The internationalisation of venture capital activity in OECD countries implications for measurement and policy |
| title_full | The internationalisation of venture capital activity in OECD countries implications for measurement and policy Günseli Baygan and Michael Freudenberg |
| title_fullStr | The internationalisation of venture capital activity in OECD countries implications for measurement and policy Günseli Baygan and Michael Freudenberg |
| title_full_unstemmed | The internationalisation of venture capital activity in OECD countries implications for measurement and policy Günseli Baygan and Michael Freudenberg |
| title_short | The internationalisation of venture capital activity in OECD countries |
| title_sort | the internationalisation of venture capital activity in oecd countries implications for measurement and policy |
| title_sub | implications for measurement and policy |
| topic | Investments, Foreign OECD countries Small business enterprises OECD countries Venture capital OECD countries |
| topic_facet | Investments, Foreign OECD countries Small business enterprises OECD countries Venture capital OECD countries |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=010275762&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV010346216 (DE-604)BV011829612 |
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