The Legal Road To Replicating Silicon Valley

Preprint OPEN
John Armour; Douglas Cumming;
  • Subject: venture capital, law and finance, bankruptcy
    • jel: jel:G24 | jel:G28 | jel:G33 | jel:G38 | jel:H25

Must policymakers seeking to replicate the success of Silicon Valley’s venture capital market first replicate other US institutions, such as deep and liquid stock markets? Or can legal reforms alone make a significant difference? In this paper, we compare the economic a... View more
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