Government-backed versus private venture capital: an empirical analysis of financial performance and risk-return dynamics
Rottura, Francesco (A.A. 2024/2025) Government-backed versus private venture capital: an empirical analysis of financial performance and risk-return dynamics. Tesi di Laurea in Advanced corporate finance, Luiss Guido Carli, relatore Pierluigi Murro, pp. 87. [Master's Degree Thesis]
Full text for this thesis not available from the repository.
Abstract/Index
The role of venture capital in economic growth. Differences between GOVERNMENT-Backed venture capital (GBVC) and Private venture capital (PVC). Key concepts in venture capital analysis. The venture capital investment process. Financial performance analysis. Start-up valuation methods. Performance metrics in venture capital. Comparing performance across fund stages. Financial return expectations. Investment strategies and capital allocation differences. Risk-return analysis. Risk profiles of GBVC vs. PVC. Applying CAPM to venture capital. Assessing the risk premium in venture capital investments. Portfolio diversification and exit strategies. Market volatility and external risk factors. Dataset construction and empirical insights: mapping GBVC vs. PVC performance in Europe. Objective and methodological framework. Dataset construction. Validity and limitations of the dataset. Regression analysis of performance determinants. Noteworthy patterns and anecdotal cases. Policy implications and investment strategy recommendations. The role of public policy in shaping venture capital markets. The impact of fiscal incentives on VC investments. The role of pension fund tax exemptions (art. 33, law 193/2024). Strategic recommendations for policymakers. Optimizing public VC strategies to maximize returns. Final considerations on the future of GBVC and PVC.
References
Bibliografia: p. 84.
| Thesis Type: | Master's Degree Thesis |
|---|---|
| Institution: | Luiss Guido Carli |
| Degree Program: | Master's Degree Programs > Master's Degree program in Corporate Finance, English language (LM-77) |
| Chair: | Advanced corporate finance |
| Thesis Supervisor: | Murro, Pierluigi |
| Thesis Co-Supervisor: | Santella, Rosella |
| Academic Year: | 2024/2025 |
| Session: | Autumn |
| Deposited by: | Alessandro Perfetti |
| Date Deposited: | 28 May 2026 13:31 |
| Last Modified: | 28 May 2026 13:31 |
| URI: | https://tesi.luiss.it/id/eprint/45970 |
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