Thursday, May 29, 2008

Can governments invest well?

Government "investment" sounds much better than government "spending," but a new study of Canadian government venture capital fund finds the the private sector does much better,
enterprises financed by government-sponsored venture capitalists underperform on a variety of criteria, including value-creation, as measured by the likelihood and size of IPOs and M&As, and innovation, as measured by patents.

No comments:

Post a Comment