01891nam a2200289 a 4500 1/51331 051115s2006 be u pdd 0 a0eng d 1016-8060 (print) 1725-3187 (online) ECFINL/6//REP/50386-EN 33238 GR-PeUP eng ΚΕΤ Αλφαβητική σειρά Machado Rosa, Catarina Dantas. Profitability of venture capital investment in Europe and the United States / Machado Rosa Catarina Dantas, Raade. Kristiina Brussels- Belgium: European Comission: Directorate-General for Economic and Financial Affairs, 2006. 27 σ.: πιν. 30 εκ. European Economy. Economic papers ; Economic Papers This paper examines the profitability of venture capital investment in Europe and the United States. It highlights the unfavourable profitability differential of European venture capital investment in comparison with the United States. The investment performance measures used are the internal rate of return (IRR) and investment multiples. The analysis covers aggregated industry returns and venture capital funds' returns aggregated by vintage year. It relies on the VentureXpert private equity and venture capital performance database, maintained by Thomson Venture Economics. It also considers developments in the private equity and venture capital markets in Europe and the United States. Raade, Kristiina. European Commission : Directorate-General for Economic and Financial Affairs. Economic Papers March 2006, No 245. European Economy. Economic papers ; 245. INST UNIPILB KET 20090310 EEEP 245 EEEP 245 NOLOAN 23 1 http://ec.europa.eu/economy_finance/publications/publication_summary802_en.htm