U.S. Venture Capital in Europe in the 1980s and the 1990s
U.S. Venture Capital in Europe in the 1980s and the 1990s
复制标题
20世纪80年代和90年代美国在欧洲的风险投资
DOI：
10.3905/jpe.2004.450951
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发表时间：
2004
期刊：
影响因子：
--
通讯作者：
J. Dawson
中科院分区：
文献类型：
--
作者：
Andrea Boquist;J. Dawson
与二战后稳步增长的美国风险投资业不同，欧洲风险投资业的发展最初受到一系列文化和政治障碍的阻碍。上世纪80年代和90年代发生的结构性变化，使欧洲的环境对风险资本更具吸引力和接受性。这些变化既刺激了当地的产业，也引起了美国风投的注意。这两个时期的特点都是大量资本从美国流向欧洲。然而，在规模、驱动力和执行力方面，它们之间存在着鲜明的对比。
Unlike its U.S. counterpart which grew steadily after the Second World War, the development of the European venture capital industry was hampered at first by a series of cultural and political barriers. In the 1980s and then again in the 1990s structural changes occurred that made the European environment far more appealing and receptive to venture capital. These changes both stimulated the local industry and caught the attention of VCs in the U.S. Both periods were marked by significant flows of capital from the U.S. to Europe. However, in terms of scale, driving force, and execution there are stark contrasts between them.