Menu Expand

Financing Structural Change and Labor Market Performance: Surveying the Role of Venture Capital and Investor Protection

Cite JOURNAL ARTICLE

Style

Fehn, R. Financing Structural Change and Labor Market Performance: Surveying the Role of Venture Capital and Investor Protection. Journal of Contextual Economics – Schmollers Jahrbuch, 122(3), 469-495. https://doi.org/10.3790/schm.122.3.469
Fehn, Rainer "Financing Structural Change and Labor Market Performance: Surveying the Role of Venture Capital and Investor Protection" Journal of Contextual Economics – Schmollers Jahrbuch 122.3, 2002, 469-495. https://doi.org/10.3790/schm.122.3.469
Fehn, Rainer (2002): Financing Structural Change and Labor Market Performance: Surveying the Role of Venture Capital and Investor Protection, in: Journal of Contextual Economics – Schmollers Jahrbuch, vol. 122, iss. 3, 469-495, [online] https://doi.org/10.3790/schm.122.3.469

Format

Financing Structural Change and Labor Market Performance: Surveying the Role of Venture Capital and Investor Protection

Fehn, Rainer

Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 122 (2002), Iss. 3 : pp. 469–495

Additional Information

Article Details

Fehn, Rainer

Abstract

This paper analyzes the real effects of differences in structures on financial markets, especially concerning quasi-equilibrium unemployment. It argues that a vibrant venture capital market is an important prerequisite for financing structural change and thus for keeping unemployment low in the ongoing transition to the "new economy". It furthermore points out the crucial importance of extensive investor protection in this respect. A thriving venture capital market is therefore at odds with the corporatist politicoeconomic equilibrium in continental European countries involving extensive protection of insiders on labor as well as on financial markets.