By Terry F. Buss
Policy makers--Republican and Democrat, liberal and conservative--call for federal intervention to fund rising high-growth industries, believing they're starved for capital. Congressional hearings, newspapers, newsletters, and govt studies all assert that capital gaps exist for those companies. however the extensively held trust that rising high-growth organizations like these in excessive technology--so very important to the expansion of the U.S. economy--face critical capital gaps, combating them from beginning or transforming into to their complete strength, is fake. This e-book systematically brings jointly, for the 1st time, disparate resources of knowledge from a large choice of disciplines and synthesizes them right into a compelling case opposed to federal intervention.
Scientific reports, traditional knowledge between marketers and traders, and financial reasoning all fail to aid the lifestyles of common capital gaps for start-up high-growth companies. Nor does this proof convey capital briefly offer in a few areas, in business sectors together with excessive know-how, or for girls and minorities. Nor do current federal courses supplying capital to rising high-growth companies demonstrate capital gaps. quite, they both unnecessarily replica inner most funding or characterize negative funding judgements. This research indicates that demands elevated federal intervention, utilizing public monies to plug capital gaps, are unjustified.
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Additional info for Capital, Emerging High-Growth Firms and Public Policy: The Case Against Federal Intervention
Capital, Emerging High-Growth Firms and Public Policy: The Case Against Federal Intervention by Terry F. Buss