IDEAS home Printed from https://ideas.repec.org/a/taf/veecee/v2y2000i1p61-88.html
   My bibliography  Save this article

The Swedish venture capital industry: An infant, adolescent or grown-up?

Author

Listed:
  • Dilek Cetindamar Karaomerlioglu
  • Staffan Jacobsson

Abstract

This paper analyses the evolution of the Swedish venture capital (VC) industry. The institutional infrastructure in the form of legal access to available savings, the incentive structure and the exit possibilities for the VC firm initially blocked the evolution of the VC industry but institutional changes initiated a catch-up process in Sweden in the 1990s. The size of the Swedish VC industry is now substantial, among the four largest in the OECD set in relation to population. A distinct structural change in the Swedish VC industry in favour of diversity is also taking place but the industry is not yet mature with respect to its competence. The key policy issues are related not only to expanding the size of the industry, but also to increasing its competence. Further institutional change is, therefore, warranted, not only in terms of tax reforms and improving the access to pension funds and other savings, but also in terms of distinct policies aiming at increasing the flow of competence to the VC industry.

Suggested Citation

  • Dilek Cetindamar Karaomerlioglu & Staffan Jacobsson, 2000. "The Swedish venture capital industry: An infant, adolescent or grown-up?," Venture Capital, Taylor & Francis Journals, vol. 2(1), pages 61-88, January.
    • Handle: RePEc:taf:veecee:v:2:y:2000:i:1:p:61-88
    DOI: 10.1080/136910600295819
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/136910600295819
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/136910600295819?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Parhankangas, Annaleena & Landstrom, Hans, 2006. "How venture capitalists respond to unmet expectations: The role of social environment," Journal of Business Venturing, Elsevier, vol. 21(6), pages 773-801, November.
    2. Bitard, Pierre & Edquist, Charles & Hommen, Leif & Rickne, Annika, 2008. "The paradox of high R&D input and low innovation output: Sweden," Papers in Innovation Studies 2008/14, Lund University, CIRCLE - Centre for Innovation Research.
    3. Hyytinen, Ari & Pajarinen, Mika, 2001. "Financial Systems and Venture Capital in Nordic Countries: A comparative Study," Discussion Papers 774, The Research Institute of the Finnish Economy.
    4. Josh Lerner & Joacim Tåg, 2013. "Institutions and venture capital," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 22(1), pages 153-182, February.
    5. Iman Seoudi, 2015. "Public Policy For Venture Capital: An Integrated Framework," Global Journal of Business Research, The Institute for Business and Finance Research, vol. 9(4), pages 31-51.
    6. Henrekson, Magnus & Rosenberg, Nathan, 2001. "Designing Efficient Institutions for Science-Based Entrepreneurship: Lessons from the US and Sweden," The Journal of Technology Transfer, Springer, vol. 26(3), pages 207-231, June.
    7. Motavaseli Mahmood & Shojaei Saeed & Bitaab Ali & Hasti Chitsazan & Ghanbar Mohammadi Elyasi, 2018. "Institutional Barriers to Financing Technology-based Small Firms through Venture Capital Mechanism: A Study to Explore the Incentives for Investment in Iran," International Journal of Economics and Financial Issues, Econjournals, vol. 8(1), pages 184-195.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:veecee:v:2:y:2000:i:1:p:61-88. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/TVEC20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.