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Europes Entry into the Venture Capital Business: Efficiency and Policy
The paper provides new evidence on Europes
experience with venture capital in the 1990s. According to the author, individual countries activity is not solely determined by country characteristics and a purely domestic history, but also by a common European experience: the interdependence of valuations in primary equity markets.
Link
http://www.uni-kiel.de/ifw/pub/kap/2004/kap1223.pdf