"Angel" financing and public policy: an overview
Article Abstract:
The need to provide additional financial resources to venture capital firms has prompted the US government to promote the role of individual investors in start-up businesses, particularly high technology companies. However, it was shown that public efforts have so far been futile in generating positive financial returns in specific industries and have done little in improving the country's social status. Such failures may be attributed to the presence of asymmetric information between business owners and venture capitalists, which in turn lead to massive communication problems.
Publication Name: Journal of Banking & Finance
Subject: Business
ISSN: 0378-4266
Year: 1998
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The angel capital electronic network (ACE-Net)
Article Abstract:
Federal agencies in the US, including the Pentagon and the Small Business Administration, have forged a collaboration with the Securities and Exchange Commission (SEC), for the development of an industry-wide Internet network called ACE-Net. Designed primarily to provide an equity market for small business operators, ACE-Net features a nationwide database for small scale entrepreneurs. The site efficiently addresses issues regarding early stage equity finance, while preserving the identity of the investors.
Publication Name: Journal of Banking & Finance
Subject: Business
ISSN: 0378-4266
Year: 1998
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De novo banks and lending to small businesses: an empirical analysis
Article Abstract:
The ongoing consolidation in the banking sector may pose enormous policy problems, particularly with the issuance of loans to small business enterprises. Statistics revealed that de novo banks are capable of providing more loans, in terms of total assets, to small business enterprises compared to other financial institutions of the same size. Between 1987 to 1994, seasoned de novo banks generated loans up to 573 and 702 basis points higher than conventional banks.
Publication Name: Journal of Banking & Finance
Subject: Business
ISSN: 0378-4266
Year: 1998
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Comment about this article or add new information about this topic:
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