The Impact of Venture Capital on Business Dynamics in Europe and the United States
The venture capital industry is seen to be favourable for an economy’s business dynamics. Using a panel of 23 countries over 2004 – 2012, the thesis explores the linkage of venture capital with firm births, employment in newly born firms and survival rates. The aggregate approach allows considering the implicit multiplier effect of VC. The thesis proposes a reconsideration of venture capital for e
