The proper role of government in building a venture capital market

2007 ◽  
Keyword(s):  
Venture Capital ◽  
Capital Market ◽  
Role Of Government ◽  
Proper Role

“WHO WANTS WHITE CARROTS?”: CONGRESSIONAL SEED DISTRIBUTION, 1862 TO 1923

2018 ◽  
Vol 17 (3) ◽  
pp. 475-500 ◽  
Author(s):  
Kathy J. Cooke
Keyword(s):  
The United States ◽  
Late Nineteenth Century ◽  
United States Department ◽  
Department Of Agriculture ◽  
Cultural Economic ◽  
Role Of Government ◽  
Proper Role ◽  
Seed Distribution ◽  
The Many

From 1862 to 1923, congressional seed distribution was among the most important functions of the United States Department of Agriculture (USDA). One of the largest agricultural programs in the late nineteenth century, the practice itself stayed in place until 1923. The subject of little historical research, the seed distribution project is usually viewed as a failure of the scientific agricultural establishment, or as vote mongering by Congress, and its demise as the simple culmination of Progressive Era reform. However, this episode in American history reveals much more than debates over science and agriculture by highlighting the many cultural, economic, scientific, and political questions about the proper role of government in a democracy. By examining heated contemporary political exchanges and published critiques, this article assesses what different constituencies viewed as good in government as they argued for or against free seed distribution, even as the USDA used seed as a vehicle for consolidating the place of science and knowledge in agriculture and in government.

The Proper Role of Government in Renewable Energy Development: Theory and Practices in China

2012 ◽  
Vol 524-527 ◽  
pp. 2940-2943
Author(s):  
Kai Zhao
Keyword(s):  
Renewable Energy ◽  
Energy Development ◽  
Development Theory ◽  
Role Of Government ◽  
Proper Role ◽  
Renewable Energy Development ◽  
Incentive Policies ◽  
The Government ◽  
China Today

The proper role of government in economic development is one of the biggest single issues confronting China today. The paper attempts to trace and describe the role played by the government in renewable energy development. The goals focused in the article are two ones. The first one is to explore the theoretical basis on the role of government. The second one is to examine the practices in China. Based on the analysis of theory and practices in China, the paper argues that government propelling is quite crucial to renewable energy development, and concludes that further incentive policies and implementation system should be improved.

The Role of Trust in the Informal Investor's Investment Decision: An Exploratory Analysis

1997 ◽  
Vol 21 (4) ◽  
pp. 63-81 ◽  
Author(s):  
Richard T. Harrison ◽  
Mark R. Dibben ◽  
Colin M. Mason
Keyword(s):  
Venture Capital ◽  
Empirical Research ◽  
Capital Market ◽  
Investment Decision ◽  
Theoretical Models ◽  
Policy Implications ◽  
Investment Opportunity ◽  
Informal Investment ◽  
Informal Venture Capital

Research into the informal venture capital market is characterized by a focus on empirical research into the characteristics of the market and on the development and analysis of the public policy Implications of this empirical research. There has, however, been little systematic application or development of theoretical models and frameworks appropriate to the informal venture capital market. Nor, with a few recent exceptions, has the empirical analysis of the market moved on to examine issues surrounding the process of Informal investment rather than the outcomes of that process. In this paper we seek to rectify both of these deficiencies. First, we develop a framework for the elucidation of the concepts of swift trust and swift cooperation, and in so doing formalize and expand on the generally passing references to trust in the entrepreneurship and venture capital literatures. Second, we derive from this an operationable framework for analyzing trust and cooperation, which we apply to the informal Investment decision-making process. Using verbal protocol analysis of Investor reactions In real time to one particular investment opportunity, we empirically examine the role of trust and cooperation in the investors’ Initial screening of potential investment opportunities, and the investors’ assessment of the intermediary responsible for providing the initial referral of the Investment opportunity.

scholarly journals THE ROLE OF ISLAMIC CAPITAL MARKET FOR MICRO, SMALL, AND MEDIUM ENTERPRISES (MSMES) THROUGH SYNERGY OF MUTUAL FUND AND VENTURE CAPITAL INSTITUTION

2017 ◽  
Vol 3 (1) ◽  
pp. 81-112
Author(s):  
Yulizar D. Sanrego
Keyword(s):  
Venture Capital ◽  
Capital Market ◽  
Mutual Fund ◽  
Small And Medium Enterprises ◽  
Proposed Model ◽  
Investment Manager ◽  
Corporate Venture ◽  
Medium Enterprises ◽  
Fund Investment

It is worldly known that one of the main obstacles which is often faced by the micro, small, and medium enterprises (MSMEs) practitioners is the ability to access sources of funding. At the time where the absorption of banking credit to MSMEs is still very limited, the role of sharia capital market is considered as an alternative to support this limitation. Expanding the role of sharia capital market finds it moment when Indonesia Finance Service Authority (FSA) issued regulations that provide space for the capital market to also active in real sector businesses. In accordance with the FSA Rules N0.37/2014, mutual fund (unit trust) in the form of Collective Investment Contract (CIC) - Limited Investment/ Participation Fund (LPF) has the objective to pave the way for mutual fund investors to make direct investments in real investments. The proposed model that might be realized to smoothen the intermediary role of sharia capital market to the development of MSMEs is through the hybrid model that might linking mutual fund/investment manager and corporate, particularly venture capital. Using Analytical Network Process (ANP) approach this paper indicates that with the value of rater agreement 1.0, the research found that there are four main cluster problems which become an obstacle the proposed model, namely: (a) the reputation of mutual fund/investment manager; (b) investment grade rating of corporate (venture capital); (c) risk appetiate of investor as shahib al-mal; and (d) government regulation. Policy recommendation that might become solution, according to the value of rater agreement 1.0  is sequentially as follow, namely: (a) fully support from government; especially for a relatively new mutual fund with no experience in the capital markets industry; (b) Corporate (venture capital) should be able to offer Islamic Microfinance Finance Institutions (IMFIs) and MSMEs that have good business feasibility to the mutual fund/investment manager as well as investor; (c) the government should be able to guarantee legal certainty in the context of protection, including advocacy for investors; and last but not least (d) There is an extremely hope that investors could change their investment behavior paradigm, from risk averse to risk taker.Keywords: Sharia capital market, Mutual fund, Venture capital, MSMEJEL Classification: G1, G23, G24

scholarly journals Az innovatív kis- és középvállalkozások finanszírozása kockázati tőkével

2012 ◽  
Vol 7 (1-2) ◽  
pp. 24-29
Author(s):  
Judit Glavanits
Keyword(s):  
Venture Capital ◽  
Capital Market ◽  
Fund Raising ◽  
Market Size ◽  
Legal Rules ◽  
Venture Capital Fund ◽  
The Usa ◽  
Capital Financing ◽  
Closing The Gap

Closing the gap between the USA and EU venture capital market size is crutial for european innovative small and medium sized companies. As the financial crises started in 2008 weekend the possibilities for external capital, the role of venture capital financing is revaluated. The study analyses the similarities and differences in the legal rules of venture capital fund raising and financing revised by the USA's Dodd-Frank Act, and the European AIMF-directive. The study also suggest the changes in connection with the European Commission's prepared document on the European Venture Capital Fund, and it's effects on the innovative small-and medium sized companies. The conclusion is that the new rules of venture financing both in the USA and Europe sets up significantly more administrative difficulties for funds, but more stability and safe for entrepreneurs.

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