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Résen van-e az állam?. Az állami szerepvállalás hatása a kockázati tőke keresleti oldalára
[Is the state on the ball?. The effect of the state s role on the demand side of venture capital]

Author

Listed:
  • Becsky-Nagy, Patrícia
  • Fazekas, Balázs

Abstract

A cikk szerzői a Jeremie kockázatitőke-program keretében forrásokhoz jutó vállalkozások teljes körét vizsgálva végezték el a befektetések összevont elemzését. A tanulmány következtetése kettős: a portfólióvállalkozások kiválasztása és a vállalkozások által teremtett érték tekintetében tetten érhetők a szakirodalomban feltárt, az állami hátterű kockázatitőke-befektetések esetében felmerülő hátrányok, továbbá olyan gyermekbetegségek, amelyek egy kialakuló ágazatra jellemzők. Ezzel együtt azonban a tanulóágazat számára a befektetések nagy száma olyan mennyiségű új tudást generálhat, amely hosszabb távon magában hordozza a fiatal, innovatív vállalkozások fejlődését támogató környezet kialakulásának ígéretét. Journal of Economic Literature (JEL) kód: G24

Suggested Citation

  • Becsky-Nagy, Patrícia & Fazekas, Balázs, 2017. "Résen van-e az állam?. Az állami szerepvállalás hatása a kockázati tőke keresleti oldalára [Is the state on the ball?. The effect of the state s role on the demand side of venture capital]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(5), pages 507-527.
  • Handle: RePEc:ksa:szemle:1696
    DOI: 10.18414/KSZ.2017.5.507
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    References listed on IDEAS

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    1. Karsai, Judit, 2015. "Állami szerepvállalás a kelet-közép-európai kockázatitőke-piacon [The role of government in the Central and East European venture-capital market]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(11), pages 1172-1195.
    2. Manju Puri & Rebecca Zarutskie, 2012. "On the Life Cycle Dynamics of Venture-Capital- and Non-Venture-Capital-Financed Firms," Journal of Finance, American Finance Association, vol. 67(6), pages 2247-2293, December.
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    13. Patrícia Becsky-Nagy, 2016. "The Special Aspects of Venture Capital’s Value Creating Mechanisms in Hungary," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 12(3), pages 31-55.
    14. Gompers, Paul A, 1995. "Optimal Investment, Monitoring, and the Staging of Venture Capital," Journal of Finance, American Finance Association, vol. 50(5), pages 1461-1489, December.
    15. Thomas J. Chemmanur & Karthik Krishnan & Debarshi K. Nandy, 2011. "How Does Venture Capital Financing Improve Efficiency in Private Firms? A Look Beneath the Surface," The Review of Financial Studies, Society for Financial Studies, vol. 24(12), pages 4037-4090.
    16. Karsai, Judit, 2011. "A kockázati tőke két évtizedes fejlődése Magyarországon [Development of the venture capital and private equity industry in Hungary over the past two decades]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(10), pages 832-857.
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    Cited by:

    1. Karsai, Judit, 2017. "Az állam kockázatitőke-piaci részvételének átláthatósága Magyarországon [Transparency of government participation in the Hungarian venture capital market]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(12), pages 1316-1342.
    2. Becsky-Nagy, Patrícia & Fazekas, Balázs, 2018. "Az állam a kockázati tőkés szerepében [The state in its risk-capital role]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(12), pages 1257-1280.

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    JEL classification:

    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage

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