id	sid	tid	token	lemma	pos
eistud-25726	1	1	86	86	NUM
eistud-25726	1	2	issn	issn	PROPN
eistud-25726	1	3	1822	1822	NUM
eistud-25726	1	4	8402	8402	NUM
eistud-25726	1	5	european	european	ADJ
eistud-25726	1	6	integration	integration	NOUN
eistud-25726	1	7	studies	study	NOUN
eistud-25726	1	8	.	.	PUNCT
eistud-25726	1	9	2009	2009	NUM
eistud-25726	1	10	.	.	PUNCT
eistud-25726	2	1	no	no	DET
eistud-25726	2	2	3	3	NUM
eistud-25726	2	3	stimulating	stimulate	VERB
eistud-25726	2	4	pension	pension	NOUN
eistud-25726	2	5	funds	fund	NOUN
eistud-25726	2	6	investments	investment	NOUN
eistud-25726	2	7	to	to	PART
eistud-25726	2	8	venture	venture	VERB
eistud-25726	2	9	capital	capital	NOUN
eistud-25726	2	10	:	:	PUNCT
eistud-25726	2	11	opportunities	opportunity	NOUN
eistud-25726	2	12	in	in	ADP
eistud-25726	2	13	european	european	PROPN
eistud-25726	2	14	union	union	PROPN
eistud-25726	2	15	countries	country	NOUN
eistud-25726	2	16	dalia	dalia	PROPN
eistud-25726	2	17	kaupelytė	kaupelytė	NOUN
eistud-25726	2	18	vilija	vilija	VERB
eistud-25726	2	19	jankauskienė	jankauskienė	PROPN
eistud-25726	2	20	vytautas	vytautas	PROPN
eistud-25726	2	21	magnus	magnus	PROPN
eistud-25726	2	22	university	university	PROPN
eistud-25726	2	23	abstract	abstract	ADJ
eistud-25726	2	24	various	various	ADJ
eistud-25726	2	25	researches	research	NOUN
eistud-25726	2	26	show	show	VERB
eistud-25726	2	27	that	that	SCONJ
eistud-25726	2	28	venture	venture	NOUN
eistud-25726	2	29	capital	capital	NOUN
eistud-25726	2	30	supports	support	VERB
eistud-25726	2	31	higher	high	ADJ
eistud-25726	2	32	-	-	PUNCT
eistud-25726	2	33	risk	risk	NOUN
eistud-25726	2	34	investments	investment	NOUN
eistud-25726	2	35	in	in	ADP
eistud-25726	2	36	young	young	ADJ
eistud-25726	2	37	,	,	PUNCT
eistud-25726	2	38	potential	potential	ADJ
eistud-25726	2	39	startups	startup	NOUN
eistud-25726	2	40	by	by	ADP
eistud-25726	2	41	reducing	reduce	VERB
eistud-25726	2	42	existing	exist	VERB
eistud-25726	2	43	financing	financing	NOUN
eistud-25726	2	44	gap	gap	NOUN
eistud-25726	2	45	for	for	ADP
eistud-25726	2	46	companies	company	NOUN
eistud-25726	2	47	without	without	ADP
eistud-25726	2	48	performance	performance	NOUN
eistud-25726	2	49	history	history	NOUN
eistud-25726	2	50	,	,	PUNCT
eistud-25726	2	51	reinforces	reinforce	VERB
eistud-25726	2	52	dynamic	dynamic	ADJ
eistud-25726	2	53	entrepreneurial	entrepreneurial	ADJ
eistud-25726	2	54	spirit	spirit	NOUN
eistud-25726	2	55	by	by	ADP
eistud-25726	2	56	producing	produce	VERB
eistud-25726	2	57	innovative	innovative	ADJ
eistud-25726	2	58	and	and	CCONJ
eistud-25726	2	59	cutting	cutting	NOUN
eistud-25726	2	60	-	-	PUNCT
eistud-25726	2	61	edge	edge	NOUN
eistud-25726	2	62	technology	technology	NOUN
eistud-25726	2	63	and	and	CCONJ
eistud-25726	2	64	products	product	NOUN
eistud-25726	2	65	for	for	ADP
eistud-25726	2	66	knowledgebased	knowledgebased	ADJ
eistud-25726	2	67	economy	economy	NOUN
eistud-25726	2	68	,	,	PUNCT
eistud-25726	2	69	boosts	boost	VERB
eistud-25726	2	70	economic	economic	ADJ
eistud-25726	2	71	strength	strength	NOUN
eistud-25726	2	72	by	by	ADP
eistud-25726	2	73	creation	creation	NOUN
eistud-25726	2	74	of	of	ADP
eistud-25726	2	75	jobs	job	NOUN
eistud-25726	2	76	and	and	CCONJ
eistud-25726	2	77	revenues	revenue	NOUN
eistud-25726	2	78	in	in	ADP
eistud-25726	2	79	venture	venture	NOUN
eistud-25726	2	80	-	-	PUNCT
eistud-25726	2	81	backed	back	VERB
eistud-25726	2	82	companies	company	NOUN
eistud-25726	2	83	.	.	PUNCT
eistud-25726	3	1	considering	consider	VERB
eistud-25726	3	2	the	the	DET
eistud-25726	3	3	total	total	ADJ
eistud-25726	3	4	impact	impact	NOUN
eistud-25726	3	5	venture	venture	NOUN
eistud-25726	3	6	capital	capital	NOUN
eistud-25726	3	7	could	could	AUX
eistud-25726	3	8	make	make	VERB
eistud-25726	3	9	on	on	ADP
eistud-25726	3	10	the	the	DET
eistud-25726	3	11	long	long	ADJ
eistud-25726	3	12	-	-	PUNCT
eistud-25726	3	13	term	term	NOUN
eistud-25726	3	14	economic	economic	ADJ
eistud-25726	3	15	growth	growth	NOUN
eistud-25726	3	16	,	,	PUNCT
eistud-25726	3	17	most	most	ADJ
eistud-25726	3	18	of	of	ADP
eistud-25726	3	19	the	the	DET
eistud-25726	3	20	eu	eu	PROPN
eistud-25726	3	21	countries	country	NOUN
eistud-25726	3	22	have	have	AUX
eistud-25726	3	23	pointed	point	VERB
eistud-25726	3	24	the	the	DET
eistud-25726	3	25	development	development	NOUN
eistud-25726	3	26	of	of	ADP
eistud-25726	3	27	venture	venture	NOUN
eistud-25726	3	28	capital	capital	NOUN
eistud-25726	3	29	as	as	ADP
eistud-25726	3	30	one	one	NUM
eistud-25726	3	31	of	of	ADP
eistud-25726	3	32	the	the	DET
eistud-25726	3	33	major	major	ADJ
eistud-25726	3	34	priorities	priority	NOUN
eistud-25726	3	35	as	as	ADP
eistud-25726	3	36	venture	venture	NOUN
eistud-25726	3	37	capital	capital	NOUN
eistud-25726	3	38	.	.	PUNCT
eistud-25726	4	1	insufficient	insufficient	ADJ
eistud-25726	4	2	market	market	NOUN
eistud-25726	4	3	of	of	ADP
eistud-25726	4	4	investors	investor	NOUN
eistud-25726	4	5	for	for	ADP
eistud-25726	4	6	venture	venture	NOUN
eistud-25726	4	7	capital	capital	NOUN
eistud-25726	4	8	funds	fund	NOUN
eistud-25726	4	9	do	do	AUX
eistud-25726	4	10	not	not	PART
eistud-25726	4	11	allow	allow	VERB
eistud-25726	4	12	to	to	PART
eistud-25726	4	13	reach	reach	VERB
eistud-25726	4	14	significant	significant	ADJ
eistud-25726	4	15	level	level	NOUN
eistud-25726	4	16	of	of	ADP
eistud-25726	4	17	venture	venture	NOUN
eistud-25726	4	18	capital	capital	NOUN
eistud-25726	4	19	investments	investment	NOUN
eistud-25726	4	20	in	in	ADP
eistud-25726	4	21	eu	eu	PROPN
eistud-25726	4	22	countries	country	NOUN
eistud-25726	4	23	.	.	PUNCT
eistud-25726	5	1	the	the	DET
eistud-25726	5	2	higher	high	ADJ
eistud-25726	5	3	level	level	NOUN
eistud-25726	5	4	of	of	ADP
eistud-25726	5	5	venture	venture	NOUN
eistud-25726	5	6	capital	capital	NOUN
eistud-25726	5	7	investments	investment	NOUN
eistud-25726	5	8	can	can	AUX
eistud-25726	5	9	be	be	AUX
eistud-25726	5	10	achieved	achieve	VERB
eistud-25726	5	11	by	by	ADP
eistud-25726	5	12	stimulating	stimulate	VERB
eistud-25726	5	13	investments	investment	NOUN
eistud-25726	5	14	of	of	ADP
eistud-25726	5	15	institutional	institutional	ADJ
eistud-25726	5	16	investors	investor	NOUN
eistud-25726	5	17	into	into	ADP
eistud-25726	5	18	venture	venture	NOUN
eistud-25726	5	19	capital	capital	NOUN
eistud-25726	5	20	funds	fund	NOUN
eistud-25726	5	21	.	.	PUNCT
eistud-25726	6	1	investments	investment	NOUN
eistud-25726	6	2	of	of	ADP
eistud-25726	6	3	well	well	ADV
eistud-25726	6	4	capitalized	capitalize	VERB
eistud-25726	6	5	pension	pension	NOUN
eistud-25726	6	6	funds	fund	NOUN
eistud-25726	6	7	to	to	PART
eistud-25726	6	8	venture	venture	VERB
eistud-25726	6	9	capital	capital	NOUN
eistud-25726	6	10	could	could	AUX
eistud-25726	6	11	be	be	AUX
eistud-25726	6	12	very	very	ADV
eistud-25726	6	13	important	important	ADJ
eistud-25726	6	14	source	source	NOUN
eistud-25726	6	15	of	of	ADP
eistud-25726	6	16	long	long	ADJ
eistud-25726	6	17	-	-	PUNCT
eistud-25726	6	18	term	term	NOUN
eistud-25726	6	19	financing	financing	NOUN
eistud-25726	6	20	,	,	PUNCT
eistud-25726	6	21	which	which	PRON
eistud-25726	6	22	might	might	AUX
eistud-25726	6	23	ensure	ensure	VERB
eistud-25726	6	24	sustainable	sustainable	ADJ
eistud-25726	6	25	and	and	CCONJ
eistud-25726	6	26	continuous	continuous	ADJ
eistud-25726	6	27	venture	venture	NOUN
eistud-25726	6	28	capital	capital	NOUN
eistud-25726	6	29	growth	growth	NOUN
eistud-25726	6	30	.	.	PUNCT
eistud-25726	7	1	from	from	ADP
eistud-25726	7	2	other	other	ADJ
eistud-25726	7	3	side	side	NOUN
eistud-25726	7	4	,	,	PUNCT
eistud-25726	7	5	pension	pension	NOUN
eistud-25726	7	6	funds	fund	NOUN
eistud-25726	7	7	stimulation	stimulation	NOUN
eistud-25726	7	8	is	be	AUX
eistud-25726	7	9	important	important	ADJ
eistud-25726	7	10	not	not	PART
eistud-25726	7	11	only	only	ADV
eistud-25726	7	12	to	to	PART
eistud-25726	7	13	venture	venture	VERB
eistud-25726	7	14	capital	capital	NOUN
eistud-25726	7	15	funds	fund	NOUN
eistud-25726	7	16	creation	creation	NOUN
eistud-25726	7	17	and	and	CCONJ
eistud-25726	7	18	development	development	NOUN
eistud-25726	7	19	,	,	PUNCT
eistud-25726	7	20	but	but	CCONJ
eistud-25726	7	21	also	also	ADV
eistud-25726	7	22	to	to	ADP
eistud-25726	7	23	overall	overall	ADJ
eistud-25726	7	24	social	social	ADJ
eistud-25726	7	25	insurance	insurance	NOUN
eistud-25726	7	26	and	and	CCONJ
eistud-25726	7	27	pension	pension	NOUN
eistud-25726	7	28	systems	system	NOUN
eistud-25726	7	29	in	in	ADP
eistud-25726	7	30	european	european	ADJ
eistud-25726	7	31	countries	country	NOUN
eistud-25726	7	32	,	,	PUNCT
eistud-25726	7	33	because	because	SCONJ
eistud-25726	7	34	of	of	ADP
eistud-25726	7	35	negative	negative	ADJ
eistud-25726	7	36	demographic	demographic	ADJ
eistud-25726	7	37	europe	europe	PROPN
eistud-25726	7	38	tendencies	tendency	NOUN
eistud-25726	7	39	like	like	ADP
eistud-25726	7	40	aging	age	VERB
eistud-25726	7	41	society	society	NOUN
eistud-25726	7	42	with	with	ADP
eistud-25726	7	43	increasing	increase	VERB
eistud-25726	7	44	life	life	NOUN
eistud-25726	7	45	expectancy	expectancy	NOUN
eistud-25726	7	46	,	,	PUNCT
eistud-25726	7	47	declining	decline	VERB
eistud-25726	7	48	birth	birth	NOUN
eistud-25726	7	49	rates	rate	NOUN
eistud-25726	7	50	.	.	PUNCT
eistud-25726	8	1	private	private	ADJ
eistud-25726	8	2	pension	pension	NOUN
eistud-25726	8	3	systems	system	NOUN
eistud-25726	8	4	creation	creation	NOUN
eistud-25726	8	5	and	and	CCONJ
eistud-25726	8	6	development	development	NOUN
eistud-25726	8	7	,	,	PUNCT
eistud-25726	8	8	which	which	PRON
eistud-25726	8	9	would	would	AUX
eistud-25726	8	10	allow	allow	VERB
eistud-25726	8	11	to	to	PART
eistud-25726	8	12	get	get	VERB
eistud-25726	8	13	higher	high	ADJ
eistud-25726	8	14	individual	individual	ADJ
eistud-25726	8	15	pensions	pension	NOUN
eistud-25726	8	16	,	,	PUNCT
eistud-25726	8	17	as	as	ADP
eistud-25726	8	18	financial	financial	ADJ
eistud-25726	8	19	stability	stability	NOUN
eistud-25726	8	20	for	for	ADP
eistud-25726	8	21	retired	retired	ADJ
eistud-25726	8	22	people	people	NOUN
eistud-25726	8	23	,	,	PUNCT
eistud-25726	8	24	become	become	VERB
eistud-25726	8	25	one	one	NUM
eistud-25726	8	26	of	of	ADP
eistud-25726	8	27	the	the	DET
eistud-25726	8	28	major	major	ADJ
eistud-25726	8	29	priorities	priority	NOUN
eistud-25726	8	30	of	of	ADP
eistud-25726	8	31	governments	government	NOUN
eistud-25726	8	32	.	.	PUNCT
eistud-25726	9	1	in	in	ADP
eistud-25726	9	2	many	many	ADJ
eistud-25726	9	3	eu	eu	PROPN
eistud-25726	9	4	countries	country	NOUN
eistud-25726	9	5	,	,	PUNCT
eistud-25726	9	6	there	there	PRON
eistud-25726	9	7	are	be	VERB
eistud-25726	9	8	quite	quite	ADV
eistud-25726	9	9	many	many	ADJ
eistud-25726	9	10	various	various	ADJ
eistud-25726	9	11	legal	legal	ADJ
eistud-25726	9	12	restrictions	restriction	NOUN
eistud-25726	9	13	for	for	ADP
eistud-25726	9	14	pension	pension	NOUN
eistud-25726	9	15	funds	fund	NOUN
eistud-25726	9	16	investments	investment	NOUN
eistud-25726	9	17	and	and	CCONJ
eistud-25726	9	18	assets	asset	NOUN
eistud-25726	9	19	allocation	allocation	NOUN
eistud-25726	9	20	,	,	PUNCT
eistud-25726	9	21	which	which	PRON
eistud-25726	9	22	reduce	reduce	VERB
eistud-25726	9	23	the	the	DET
eistud-25726	9	24	potential	potential	ADJ
eistud-25726	9	25	higher	high	ADJ
eistud-25726	9	26	financial	financial	ADJ
eistud-25726	9	27	return	return	NOUN
eistud-25726	9	28	from	from	ADP
eistud-25726	9	29	invested	invest	VERB
eistud-25726	9	30	assets	asset	NOUN
eistud-25726	9	31	.	.	PUNCT
eistud-25726	10	1	this	this	DET
eistud-25726	10	2	raised	raise	VERB
eistud-25726	10	3	question	question	NOUN
eistud-25726	10	4	,	,	PUNCT
eistud-25726	10	5	are	be	AUX
eistud-25726	10	6	there	there	PRON
eistud-25726	10	7	any	any	DET
eistud-25726	10	8	research	research	NOUN
eistud-25726	10	9	for	for	ADP
eistud-25726	10	10	pension	pension	NOUN
eistud-25726	10	11	funds	fund	NOUN
eistud-25726	10	12	investments	investment	NOUN
eistud-25726	10	13	into	into	ADP
eistud-25726	10	14	venture	venture	NOUN
eistud-25726	10	15	capital	capital	NOUN
eistud-25726	10	16	funds	fund	NOUN
eistud-25726	10	17	,	,	PUNCT
eistud-25726	10	18	how	how	SCONJ
eistud-25726	10	19	pension	pension	NOUN
eistud-25726	10	20	funds	fund	NOUN
eistud-25726	10	21	investments	investment	NOUN
eistud-25726	10	22	are	be	AUX
eistud-25726	10	23	related	relate	VERB
eistud-25726	10	24	to	to	ADP
eistud-25726	10	25	venture	venture	NOUN
eistud-25726	10	26	capital	capital	NOUN
eistud-25726	10	27	,	,	PUNCT
eistud-25726	10	28	why	why	SCONJ
eistud-25726	10	29	pension	pension	NOUN
eistud-25726	10	30	funds	fund	NOUN
eistud-25726	10	31	do	do	AUX
eistud-25726	10	32	not	not	PART
eistud-25726	10	33	invest	invest	VERB
eistud-25726	10	34	into	into	ADP
eistud-25726	10	35	venture	venture	NOUN
eistud-25726	10	36	capital	capital	NOUN
eistud-25726	10	37	,	,	PUNCT
eistud-25726	10	38	what	what	PRON
eistud-25726	10	39	kind	kind	NOUN
eistud-25726	10	40	of	of	ADP
eistud-25726	10	41	instruments	instrument	NOUN
eistud-25726	10	42	can	can	AUX
eistud-25726	10	43	be	be	AUX
eistud-25726	10	44	created	create	VERB
eistud-25726	10	45	and	and	CCONJ
eistud-25726	10	46	implemented	implement	VERB
eistud-25726	10	47	in	in	ADP
eistud-25726	10	48	eu	eu	PROPN
eistud-25726	10	49	countries	country	NOUN
eistud-25726	10	50	for	for	ADP
eistud-25726	10	51	stimulating	stimulate	VERB
eistud-25726	10	52	investments	investment	NOUN
eistud-25726	10	53	of	of	ADP
eistud-25726	10	54	pension	pension	NOUN
eistud-25726	10	55	funds	fund	NOUN
eistud-25726	10	56	to	to	PART
eistud-25726	10	57	venture	venture	VERB
eistud-25726	10	58	capital	capital	NOUN
eistud-25726	10	59	.	.	PUNCT
eistud-25726	11	1	the	the	DET
eistud-25726	11	2	aim	aim	NOUN
eistud-25726	11	3	of	of	ADP
eistud-25726	11	4	this	this	DET
eistud-25726	11	5	paper	paper	NOUN
eistud-25726	11	6	is	be	AUX
eistud-25726	11	7	to	to	PART
eistud-25726	11	8	provide	provide	VERB
eistud-25726	11	9	main	main	ADJ
eistud-25726	11	10	obstacles	obstacle	NOUN
eistud-25726	11	11	and	and	CCONJ
eistud-25726	11	12	stimulating	stimulate	VERB
eistud-25726	11	13	instruments	instrument	NOUN
eistud-25726	11	14	of	of	ADP
eistud-25726	11	15	venture	venture	NOUN
eistud-25726	11	16	capital	capital	NOUN
eistud-25726	11	17	investments	investment	NOUN
eistud-25726	11	18	development	development	NOUN
eistud-25726	11	19	through	through	ADP
eistud-25726	11	20	pension	pension	NOUN
eistud-25726	11	21	funds	fund	NOUN
eistud-25726	11	22	,	,	PUNCT
eistud-25726	11	23	by	by	ADP
eistud-25726	11	24	explaining	explain	VERB
eistud-25726	11	25	the	the	DET
eistud-25726	11	26	relation	relation	NOUN
eistud-25726	11	27	between	between	ADP
eistud-25726	11	28	venture	venture	NOUN
eistud-25726	11	29	capital	capital	NOUN
eistud-25726	11	30	funds	fund	NOUN
eistud-25726	11	31	and	and	CCONJ
eistud-25726	11	32	pension	pension	NOUN
eistud-25726	11	33	funds	fund	NOUN
eistud-25726	11	34	investments	investment	NOUN
eistud-25726	11	35	and	and	CCONJ
eistud-25726	11	36	the	the	DET
eistud-25726	11	37	features	feature	NOUN
eistud-25726	11	38	of	of	ADP
eistud-25726	11	39	pension	pension	NOUN
eistud-25726	11	40	funds	fund	NOUN
eistud-25726	11	41	activities	activity	NOUN
eistud-25726	11	42	in	in	ADP
eistud-25726	11	43	eu	eu	PROPN
eistud-25726	11	44	countries	country	NOUN
eistud-25726	11	45	and	and	CCONJ
eistud-25726	11	46	main	main	ADJ
eistud-25726	11	47	problems	problem	NOUN
eistud-25726	11	48	.	.	PUNCT
eistud-25726	12	1	theoretical	theoretical	ADJ
eistud-25726	12	2	analysis	analysis	NOUN
eistud-25726	12	3	of	of	ADP
eistud-25726	12	4	the	the	DET
eistud-25726	12	5	scientific	scientific	ADJ
eistud-25726	12	6	works	work	NOUN
eistud-25726	12	7	,	,	PUNCT
eistud-25726	12	8	research	research	NOUN
eistud-25726	12	9	papers	paper	NOUN
eistud-25726	12	10	,	,	PUNCT
eistud-25726	12	11	practical	practical	ADJ
eistud-25726	12	12	fields	field	NOUN
eistud-25726	12	13	in	in	ADP
eistud-25726	12	14	this	this	DET
eistud-25726	12	15	research	research	NOUN
eistud-25726	12	16	field	field	NOUN
eistud-25726	12	17	,	,	PUNCT
eistud-25726	12	18	statistical	statistical	ADJ
eistud-25726	12	19	data	datum	NOUN
eistud-25726	12	20	analysis	analysis	NOUN
eistud-25726	12	21	allowed	allow	VERB
eistud-25726	12	22	highlighting	highlight	VERB
eistud-25726	12	23	the	the	DET
eistud-25726	12	24	problematic	problematic	ADJ
eistud-25726	12	25	positions	position	NOUN
eistud-25726	12	26	concerning	concern	VERB
eistud-25726	12	27	pension	pension	NOUN
eistud-25726	12	28	’s	’s	PART
eistud-25726	12	29	funds	fund	NOUN
eistud-25726	12	30	investments	investment	NOUN
eistud-25726	12	31	into	into	ADP
eistud-25726	12	32	venture	venture	NOUN
eistud-25726	12	33	capital	capital	NOUN
eistud-25726	12	34	funds	fund	NOUN
eistud-25726	12	35	.	.	PUNCT
eistud-25726	13	1	though	though	SCONJ
eistud-25726	13	2	main	main	ADJ
eistud-25726	13	3	investors	investor	NOUN
eistud-25726	13	4	in	in	ADP
eistud-25726	13	5	venture	venture	NOUN
eistud-25726	13	6	capital	capital	NOUN
eistud-25726	13	7	funds	fund	NOUN
eistud-25726	13	8	in	in	ADP
eistud-25726	13	9	eu	eu	PROPN
eistud-25726	13	10	countries	country	NOUN
eistud-25726	13	11	in	in	ADP
eistud-25726	13	12	2003	2003	NUM
eistud-25726	13	13	-	-	SYM
eistud-25726	13	14	2007	2007	NUM
eistud-25726	13	15	periods	period	NOUN
eistud-25726	13	16	are	be	AUX
eistud-25726	13	17	pension	pension	NOUN
eistud-25726	13	18	funds	fund	NOUN
eistud-25726	13	19	,	,	PUNCT
eistud-25726	13	20	there	there	PRON
eistud-25726	13	21	are	be	VERB
eistud-25726	13	22	still	still	ADV
eistud-25726	13	23	problems	problem	NOUN
eistud-25726	13	24	in	in	ADP
eistud-25726	13	25	legal	legal	ADJ
eistud-25726	13	26	environment	environment	NOUN
eistud-25726	13	27	,	,	PUNCT
eistud-25726	13	28	pension	pension	NOUN
eistud-25726	13	29	funds	fund	NOUN
eistud-25726	13	30	assets	asset	NOUN
eistud-25726	13	31	allocation	allocation	NOUN
eistud-25726	13	32	,	,	PUNCT
eistud-25726	13	33	geographical	geographical	ADJ
eistud-25726	13	34	investments	investment	NOUN
eistud-25726	13	35	limitation	limitation	NOUN
eistud-25726	13	36	.	.	PUNCT
eistud-25726	14	1	main	main	ADJ
eistud-25726	14	2	obstacles	obstacle	NOUN
eistud-25726	14	3	and	and	CCONJ
eistud-25726	14	4	stimulating	stimulate	VERB
eistud-25726	14	5	instruments	instrument	NOUN
eistud-25726	14	6	of	of	ADP
eistud-25726	14	7	venture	venture	NOUN
eistud-25726	14	8	capital	capital	NOUN
eistud-25726	14	9	investments	investment	NOUN
eistud-25726	14	10	development	development	NOUN
eistud-25726	14	11	through	through	ADP
eistud-25726	14	12	pension	pension	NOUN
eistud-25726	14	13	funds	fund	NOUN
eistud-25726	14	14	and	and	CCONJ
eistud-25726	14	15	overall	overall	ADJ
eistud-25726	14	16	situation	situation	NOUN
eistud-25726	14	17	improvement	improvement	NOUN
eistud-25726	14	18	are	be	AUX
eistud-25726	14	19	presented	present	VERB
eistud-25726	14	20	in	in	ADP
eistud-25726	14	21	this	this	DET
eistud-25726	14	22	paper	paper	NOUN
eistud-25726	14	23	.	.	PUNCT
eistud-25726	15	1	keywords	keyword	NOUN
eistud-25726	15	2	:	:	PUNCT
eistud-25726	15	3	venture	venture	NOUN
eistud-25726	15	4	capital	capital	NOUN
eistud-25726	15	5	,	,	PUNCT
eistud-25726	15	6	venture	venture	NOUN
eistud-25726	15	7	capital	capital	NOUN
eistud-25726	15	8	funds	fund	NOUN
eistud-25726	15	9	,	,	PUNCT
eistud-25726	15	10	investments	investment	NOUN
eistud-25726	15	11	,	,	PUNCT
eistud-25726	15	12	pension	pension	NOUN
eistud-25726	15	13	funds	fund	NOUN
eistud-25726	15	14	,	,	PUNCT
eistud-25726	15	15	pension	pension	NOUN
eistud-25726	15	16	systems	system	NOUN
eistud-25726	15	17	.	.	PUNCT
eistud-25726	16	1	introduction	introduction	NOUN
eistud-25726	16	2	venture	venture	NOUN
eistud-25726	16	3	capital	capital	NOUN
eistud-25726	16	4	is	be	AUX
eistud-25726	16	5	important	important	ADJ
eistud-25726	16	6	ensuring	ensure	VERB
eistud-25726	16	7	sustainable	sustainable	ADJ
eistud-25726	16	8	growth	growth	NOUN
eistud-25726	16	9	and	and	CCONJ
eistud-25726	16	10	the	the	DET
eistud-25726	16	11	increase	increase	NOUN
eistud-25726	16	12	of	of	ADP
eistud-25726	16	13	employment	employment	NOUN
eistud-25726	16	14	,	,	PUNCT
eistud-25726	16	15	creating	create	VERB
eistud-25726	16	16	innovation	innovation	NOUN
eistud-25726	16	17	and	and	CCONJ
eistud-25726	16	18	having	have	VERB
eistud-25726	16	19	impact	impact	NOUN
eistud-25726	16	20	to	to	ADP
eistud-25726	16	21	knowledge	knowledge	NOUN
eistud-25726	16	22	-	-	PUNCT
eistud-25726	16	23	based	base	VERB
eistud-25726	16	24	economy	economy	NOUN
eistud-25726	16	25	.	.	PUNCT
eistud-25726	17	1	considering	consider	VERB
eistud-25726	17	2	the	the	DET
eistud-25726	17	3	total	total	ADJ
eistud-25726	17	4	impact	impact	NOUN
eistud-25726	17	5	venture	venture	NOUN
eistud-25726	17	6	capital	capital	NOUN
eistud-25726	17	7	could	could	AUX
eistud-25726	17	8	make	make	VERB
eistud-25726	17	9	on	on	ADP
eistud-25726	17	10	the	the	DET
eistud-25726	17	11	long	long	ADJ
eistud-25726	17	12	-	-	PUNCT
eistud-25726	17	13	term	term	NOUN
eistud-25726	17	14	economic	economic	ADJ
eistud-25726	17	15	growth	growth	NOUN
eistud-25726	17	16	,	,	PUNCT
eistud-25726	17	17	most	most	ADJ
eistud-25726	17	18	of	of	ADP
eistud-25726	17	19	the	the	DET
eistud-25726	17	20	european	european	ADJ
eistud-25726	17	21	countries	country	NOUN
eistud-25726	17	22	have	have	AUX
eistud-25726	17	23	pointed	point	VERB
eistud-25726	17	24	the	the	DET
eistud-25726	17	25	development	development	NOUN
eistud-25726	17	26	of	of	ADP
eistud-25726	17	27	venture	venture	NOUN
eistud-25726	17	28	capital	capital	NOUN
eistud-25726	17	29	as	as	ADP
eistud-25726	17	30	one	one	NUM
eistud-25726	17	31	of	of	ADP
eistud-25726	17	32	the	the	DET
eistud-25726	17	33	major	major	ADJ
eistud-25726	17	34	priorities	priority	NOUN
eistud-25726	17	35	.	.	PUNCT
eistud-25726	18	1	pensions	pension	NOUN
eistud-25726	18	2	funds	fund	NOUN
eistud-25726	18	3	with	with	ADP
eistud-25726	18	4	other	other	ADJ
eistud-25726	18	5	institutional	institutional	ADJ
eistud-25726	18	6	investors	investor	NOUN
eistud-25726	18	7	(	(	PUNCT
eistud-25726	18	8	insurance	insurance	NOUN
eistud-25726	18	9	companies	company	NOUN
eistud-25726	18	10	,	,	PUNCT
eistud-25726	18	11	banks	bank	NOUN
eistud-25726	18	12	,	,	PUNCT
eistud-25726	18	13	public	public	ADJ
eistud-25726	18	14	bodies	body	NOUN
eistud-25726	18	15	,	,	PUNCT
eistud-25726	18	16	etc	etc	X
eistud-25726	18	17	.	.	X
eistud-25726	18	18	)	)	PUNCT
eistud-25726	18	19	are	be	AUX
eistud-25726	18	20	the	the	DET
eistud-25726	18	21	main	main	ADJ
eistud-25726	18	22	sources	source	NOUN
eistud-25726	18	23	for	for	ADP
eistud-25726	18	24	fundraising	fundraise	VERB
eistud-25726	18	25	venture	venture	NOUN
eistud-25726	18	26	capital	capital	NOUN
eistud-25726	18	27	.	.	PUNCT
eistud-25726	19	1	pension	pension	NOUN
eistud-25726	19	2	funds	fund	NOUN
eistud-25726	19	3	investments	investment	NOUN
eistud-25726	19	4	to	to	PART
eistud-25726	19	5	venture	venture	VERB
eistud-25726	19	6	capital	capital	NOUN
eistud-25726	19	7	funds	fund	NOUN
eistud-25726	19	8	make	make	VERB
eistud-25726	19	9	not	not	PART
eistud-25726	19	10	more	more	ADJ
eistud-25726	19	11	than	than	ADP
eistud-25726	19	12	25	25	NUM
eistud-25726	19	13	%	%	NOUN
eistud-25726	19	14	of	of	ADP
eistud-25726	19	15	pension	pension	NOUN
eistud-25726	19	16	funds	fund	NOUN
eistud-25726	19	17	assets	asset	NOUN
eistud-25726	19	18	in	in	ADP
eistud-25726	19	19	europe	europe	PROPN
eistud-25726	19	20	and	and	CCONJ
eistud-25726	19	21	are	be	AUX
eistud-25726	19	22	increasing	increase	VERB
eistud-25726	19	23	constantly	constantly	ADV
eistud-25726	19	24	.	.	PUNCT
eistud-25726	20	1	pension	pension	NOUN
eistud-25726	20	2	funds	fund	NOUN
eistud-25726	20	3	invest	invest	VERB
eistud-25726	20	4	the	the	DET
eistud-25726	20	5	largest	large	ADJ
eistud-25726	20	6	part	part	NOUN
eistud-25726	20	7	of	of	ADP
eistud-25726	20	8	their	their	PRON
eistud-25726	20	9	assets	asset	NOUN
eistud-25726	20	10	to	to	ADP
eistud-25726	20	11	the	the	DET
eistud-25726	20	12	venture	venture	NOUN
eistud-25726	20	13	capital	capital	NOUN
eistud-25726	20	14	in	in	ADP
eistud-25726	20	15	great	great	ADJ
eistud-25726	20	16	britain	britain	PROPN
eistud-25726	20	17	,	,	PUNCT
eistud-25726	20	18	sweden	sweden	PROPN
eistud-25726	20	19	issn	issn	PROPN
eistud-25726	20	20	1822	1822	NUM
eistud-25726	20	21	-	-	SYM
eistud-25726	20	22	8402	8402	NUM
eistud-25726	20	23	european	european	ADJ
eistud-25726	20	24	integration	integration	NOUN
eistud-25726	20	25	studies	study	NOUN
eistud-25726	20	26	.	.	PUNCT
eistud-25726	21	1	2009	2009	NUM
eistud-25726	21	2	.	.	PUNCT
eistud-25726	22	1	no	no	DET
eistud-25726	22	2	3	3	NUM
eistud-25726	22	3	87	87	NUM
eistud-25726	22	4	and	and	CCONJ
eistud-25726	22	5	netherlands	netherland	NOUN
eistud-25726	22	6	,	,	PUNCT
eistud-25726	22	7	though	though	SCONJ
eistud-25726	22	8	pension	pension	NOUN
eistud-25726	22	9	funds	fund	NOUN
eistud-25726	22	10	investments	investment	NOUN
eistud-25726	22	11	to	to	PART
eistud-25726	22	12	venture	venture	VERB
eistud-25726	22	13	capital	capital	NOUN
eistud-25726	22	14	is	be	AUX
eistud-25726	22	15	underdeveloped	underdeveloped	ADJ
eistud-25726	22	16	in	in	ADP
eistud-25726	22	17	europe	europe	PROPN
eistud-25726	22	18	in	in	ADP
eistud-25726	22	19	comparison	comparison	NOUN
eistud-25726	22	20	to	to	ADP
eistud-25726	22	21	usa	usa	PROPN
eistud-25726	22	22	,	,	PUNCT
eistud-25726	22	23	where	where	SCONJ
eistud-25726	22	24	pension	pension	NOUN
eistud-25726	22	25	funds	fund	NOUN
eistud-25726	22	26	investments	investment	NOUN
eistud-25726	22	27	make	make	VERB
eistud-25726	22	28	more	more	ADJ
eistud-25726	22	29	than	than	ADP
eistud-25726	22	30	50	50	NUM
eistud-25726	22	31	%	%	NOUN
eistud-25726	22	32	investments	investment	NOUN
eistud-25726	22	33	to	to	PART
eistud-25726	22	34	venture	venture	VERB
eistud-25726	22	35	capital	capital	NOUN
eistud-25726	22	36	(	(	PUNCT
eistud-25726	22	37	barros	barros	X
eistud-25726	22	38	et	et	PROPN
eistud-25726	22	39	al	al	PROPN
eistud-25726	22	40	.	.	PROPN
eistud-25726	22	41	,	,	PUNCT
eistud-25726	22	42	2005	2005	NUM
eistud-25726	22	43	)	)	PUNCT
eistud-25726	22	44	.	.	PUNCT
eistud-25726	23	1	according	accord	VERB
eistud-25726	23	2	to	to	ADP
eistud-25726	23	3	european	european	PROPN
eistud-25726	23	4	venture	venture	PROPN
eistud-25726	23	5	capital	capital	PROPN
eistud-25726	23	6	association	association	PROPN
eistud-25726	23	7	point	point	NOUN
eistud-25726	23	8	of	of	ADP
eistud-25726	23	9	view	view	NOUN
eistud-25726	23	10	,	,	PUNCT
eistud-25726	23	11	investments	investment	NOUN
eistud-25726	23	12	of	of	ADP
eistud-25726	23	13	well	well	ADV
eistud-25726	23	14	capitalized	capitalize	VERB
eistud-25726	23	15	pension	pension	NOUN
eistud-25726	23	16	funds	fund	NOUN
eistud-25726	23	17	to	to	PART
eistud-25726	23	18	venture	venture	NOUN
eistud-25726	23	19	capital	capital	NOUN
eistud-25726	23	20	are	be	AUX
eistud-25726	23	21	very	very	ADV
eistud-25726	23	22	important	important	ADJ
eistud-25726	23	23	source	source	NOUN
eistud-25726	23	24	of	of	ADP
eistud-25726	23	25	long	long	ADJ
eistud-25726	23	26	-	-	PUNCT
eistud-25726	23	27	term	term	NOUN
eistud-25726	23	28	financing	financing	NOUN
eistud-25726	23	29	,	,	PUNCT
eistud-25726	23	30	which	which	PRON
eistud-25726	23	31	might	might	AUX
eistud-25726	23	32	ensure	ensure	VERB
eistud-25726	23	33	sustainable	sustainable	ADJ
eistud-25726	23	34	and	and	CCONJ
eistud-25726	23	35	continuous	continuous	ADJ
eistud-25726	23	36	venture	venture	NOUN
eistud-25726	23	37	capital	capital	NOUN
eistud-25726	23	38	growth	growth	NOUN
eistud-25726	23	39	.	.	PUNCT
eistud-25726	24	1	despite	despite	SCONJ
eistud-25726	24	2	of	of	ADP
eistud-25726	24	3	that	that	PRON
eistud-25726	24	4	,	,	PUNCT
eistud-25726	24	5	private	private	ADJ
eistud-25726	24	6	pension	pension	NOUN
eistud-25726	24	7	funds	fund	NOUN
eistud-25726	24	8	have	have	VERB
eistud-25726	24	9	to	to	PART
eistud-25726	24	10	be	be	AUX
eistud-25726	24	11	developed	develop	VERB
eistud-25726	24	12	themselves	themselves	PRON
eistud-25726	24	13	in	in	ADP
eistud-25726	24	14	most	most	ADJ
eistud-25726	24	15	of	of	ADP
eistud-25726	24	16	the	the	DET
eistud-25726	24	17	european	european	ADJ
eistud-25726	24	18	countries	country	NOUN
eistud-25726	24	19	.	.	PUNCT
eistud-25726	25	1	analysis	analysis	NOUN
eistud-25726	25	2	of	of	ADP
eistud-25726	25	3	pension	pension	NOUN
eistud-25726	25	4	funds	fund	NOUN
eistud-25726	25	5	investments	investment	NOUN
eistud-25726	25	6	to	to	PART
eistud-25726	25	7	venture	venture	VERB
eistud-25726	25	8	capital	capital	NOUN
eistud-25726	25	9	funds	fund	NOUN
eistud-25726	25	10	raises	raise	VERB
eistud-25726	25	11	many	many	ADJ
eistud-25726	25	12	questions	question	NOUN
eistud-25726	25	13	:	:	PUNCT
eistud-25726	25	14	what	what	PRON
eistud-25726	25	15	the	the	DET
eistud-25726	25	16	infrastructure	infrastructure	NOUN
eistud-25726	25	17	of	of	ADP
eistud-25726	25	18	financial	financial	ADJ
eistud-25726	25	19	market	market	NOUN
eistud-25726	25	20	must	must	AUX
eistud-25726	25	21	be	be	AUX
eistud-25726	25	22	for	for	ADP
eistud-25726	25	23	venture	venture	NOUN
eistud-25726	25	24	capital	capital	NOUN
eistud-25726	25	25	raising	raise	VERB
eistud-25726	25	26	developing	develop	VERB
eistud-25726	25	27	,	,	PUNCT
eistud-25726	25	28	what	what	PRON
eistud-25726	25	29	regulations	regulation	NOUN
eistud-25726	25	30	are	be	AUX
eistud-25726	25	31	required	require	VERB
eistud-25726	25	32	for	for	ADP
eistud-25726	25	33	pension	pension	NOUN
eistud-25726	25	34	funds	fund	NOUN
eistud-25726	25	35	in	in	ADP
eistud-25726	25	36	order	order	NOUN
eistud-25726	25	37	to	to	PART
eistud-25726	25	38	invest	invest	VERB
eistud-25726	25	39	into	into	ADP
eistud-25726	25	40	venture	venture	NOUN
eistud-25726	25	41	capital	capital	NOUN
eistud-25726	25	42	with	with	ADP
eistud-25726	25	43	more	more	ADJ
eistud-25726	25	44	potential	potential	ADJ
eistud-25726	25	45	gain	gain	NOUN
eistud-25726	25	46	,	,	PUNCT
eistud-25726	25	47	what	what	DET
eistud-25726	25	48	special	special	ADJ
eistud-25726	25	49	instruments	instrument	NOUN
eistud-25726	25	50	can	can	AUX
eistud-25726	25	51	be	be	AUX
eistud-25726	25	52	created	create	VERB
eistud-25726	25	53	and	and	CCONJ
eistud-25726	25	54	implemented	implement	VERB
eistud-25726	25	55	in	in	ADP
eistud-25726	25	56	european	european	ADJ
eistud-25726	25	57	countries	country	NOUN
eistud-25726	25	58	for	for	ADP
eistud-25726	25	59	stimulating	stimulate	VERB
eistud-25726	25	60	investments	investment	NOUN
eistud-25726	25	61	of	of	ADP
eistud-25726	25	62	pension	pension	NOUN
eistud-25726	25	63	funds	fund	NOUN
eistud-25726	25	64	to	to	PART
eistud-25726	25	65	venture	venture	VERB
eistud-25726	25	66	capital	capital	NOUN
eistud-25726	25	67	the	the	DET
eistud-25726	25	68	aim	aim	NOUN
eistud-25726	25	69	of	of	ADP
eistud-25726	25	70	the	the	DET
eistud-25726	25	71	research	research	NOUN
eistud-25726	25	72	:	:	PUNCT
eistud-25726	25	73	to	to	PART
eistud-25726	25	74	analyze	analyze	VERB
eistud-25726	25	75	the	the	DET
eistud-25726	25	76	main	main	ADJ
eistud-25726	25	77	limitations	limitation	NOUN
eistud-25726	25	78	of	of	ADP
eistud-25726	25	79	pension	pension	NOUN
eistud-25726	25	80	funds	fund	NOUN
eistud-25726	25	81	investments	investment	NOUN
eistud-25726	25	82	to	to	PART
eistud-25726	25	83	venture	venture	VERB
eistud-25726	25	84	capital	capital	NOUN
eistud-25726	25	85	in	in	ADP
eistud-25726	25	86	eu	eu	PROPN
eistud-25726	25	87	countries	country	NOUN
eistud-25726	25	88	and	and	CCONJ
eistud-25726	25	89	define	define	VERB
eistud-25726	25	90	main	main	ADJ
eistud-25726	25	91	measures	measure	NOUN
eistud-25726	25	92	for	for	ADP
eistud-25726	25	93	promoting	promote	VERB
eistud-25726	25	94	pensions	pension	NOUN
eistud-25726	25	95	funds	fund	NOUN
eistud-25726	25	96	investments	investment	NOUN
eistud-25726	25	97	into	into	ADP
eistud-25726	25	98	venture	venture	NOUN
eistud-25726	25	99	capital	capital	NOUN
eistud-25726	25	100	.	.	PUNCT
eistud-25726	26	1	the	the	DET
eistud-25726	26	2	tasks	task	NOUN
eistud-25726	26	3	of	of	ADP
eistud-25726	26	4	the	the	DET
eistud-25726	26	5	research	research	NOUN
eistud-25726	26	6	:	:	PUNCT
eistud-25726	26	7	to	to	PART
eistud-25726	26	8	present	present	VERB
eistud-25726	26	9	the	the	DET
eistud-25726	26	10	importance	importance	NOUN
eistud-25726	26	11	of	of	ADP
eistud-25726	26	12	venture	venture	NOUN
eistud-25726	26	13	capital	capital	NOUN
eistud-25726	26	14	investments	investment	NOUN
eistud-25726	26	15	;	;	PUNCT
eistud-25726	26	16	to	to	PART
eistud-25726	26	17	explain	explain	VERB
eistud-25726	26	18	the	the	DET
eistud-25726	26	19	relation	relation	NOUN
eistud-25726	26	20	between	between	ADP
eistud-25726	26	21	venture	venture	NOUN
eistud-25726	26	22	capital	capital	NOUN
eistud-25726	26	23	funds	fund	NOUN
eistud-25726	26	24	and	and	CCONJ
eistud-25726	26	25	pension	pension	NOUN
eistud-25726	26	26	funds	fund	NOUN
eistud-25726	26	27	;	;	PUNCT
eistud-25726	26	28	to	to	PART
eistud-25726	26	29	analyze	analyze	VERB
eistud-25726	26	30	the	the	DET
eistud-25726	26	31	features	feature	NOUN
eistud-25726	26	32	of	of	ADP
eistud-25726	26	33	pension	pension	NOUN
eistud-25726	26	34	funds	fund	NOUN
eistud-25726	26	35	activities	activity	NOUN
eistud-25726	26	36	in	in	ADP
eistud-25726	26	37	eu	eu	PROPN
eistud-25726	26	38	countries	country	NOUN
eistud-25726	26	39	and	and	CCONJ
eistud-25726	26	40	main	main	ADJ
eistud-25726	26	41	problems	problem	NOUN
eistud-25726	26	42	;	;	PUNCT
eistud-25726	26	43	to	to	PART
eistud-25726	26	44	provide	provide	VERB
eistud-25726	26	45	main	main	ADJ
eistud-25726	26	46	obstacles	obstacle	NOUN
eistud-25726	26	47	and	and	CCONJ
eistud-25726	26	48	stimulating	stimulate	VERB
eistud-25726	26	49	instruments	instrument	NOUN
eistud-25726	26	50	of	of	ADP
eistud-25726	26	51	venture	venture	NOUN
eistud-25726	26	52	capital	capital	NOUN
eistud-25726	26	53	investments	investment	NOUN
eistud-25726	26	54	development	development	NOUN
eistud-25726	26	55	through	through	ADP
eistud-25726	26	56	pension	pension	NOUN
eistud-25726	26	57	funds	fund	NOUN
eistud-25726	26	58	.	.	PUNCT
eistud-25726	27	1	the	the	DET
eistud-25726	27	2	object	object	NOUN
eistud-25726	27	3	of	of	ADP
eistud-25726	27	4	research	research	NOUN
eistud-25726	27	5	:	:	PUNCT
eistud-25726	27	6	investments	investment	NOUN
eistud-25726	27	7	of	of	ADP
eistud-25726	27	8	pension	pension	NOUN
eistud-25726	27	9	funds	fund	NOUN
eistud-25726	27	10	to	to	PART
eistud-25726	27	11	venture	venture	VERB
eistud-25726	27	12	capital	capital	NOUN
eistud-25726	27	13	.	.	PUNCT
eistud-25726	28	1	main	main	ADJ
eistud-25726	28	2	results	result	NOUN
eistud-25726	28	3	of	of	ADP
eistud-25726	28	4	research	research	NOUN
eistud-25726	28	5	are	be	AUX
eistud-25726	28	6	:	:	PUNCT
eistud-25726	28	7	as	as	SCONJ
eistud-25726	28	8	venture	venture	NOUN
eistud-25726	28	9	capital	capital	NOUN
eistud-25726	28	10	investments	investment	NOUN
eistud-25726	28	11	and	and	CCONJ
eistud-25726	28	12	activities	activity	NOUN
eistud-25726	28	13	of	of	ADP
eistud-25726	28	14	venture	venture	NOUN
eistud-25726	28	15	capital	capital	NOUN
eistud-25726	28	16	funds	fund	NOUN
eistud-25726	28	17	gain	gain	VERB
eistud-25726	28	18	more	more	ADJ
eistud-25726	28	19	international	international	ADJ
eistud-25726	28	20	cross	cross	ADJ
eistud-25726	28	21	-	-	ADJ
eistud-25726	28	22	border	border	ADJ
eistud-25726	28	23	character	character	NOUN
eistud-25726	28	24	,	,	PUNCT
eistud-25726	28	25	the	the	DET
eistud-25726	28	26	geographical	geographical	ADJ
eistud-25726	28	27	limitation	limitation	NOUN
eistud-25726	28	28	for	for	ADP
eistud-25726	28	29	pension	pension	NOUN
eistud-25726	28	30	funds	fund	NOUN
eistud-25726	28	31	investments	investment	NOUN
eistud-25726	28	32	to	to	PART
eistud-25726	28	33	venture	venture	VERB
eistud-25726	28	34	capital	capital	NOUN
eistud-25726	28	35	should	should	AUX
eistud-25726	28	36	be	be	AUX
eistud-25726	28	37	revised	revise	VERB
eistud-25726	28	38	.	.	PUNCT
eistud-25726	29	1	also	also	ADV
eistud-25726	29	2	,	,	PUNCT
eistud-25726	29	3	eu	eu	PROPN
eistud-25726	29	4	countries	country	NOUN
eistud-25726	29	5	should	should	AUX
eistud-25726	29	6	develop	develop	VERB
eistud-25726	29	7	not	not	PART
eistud-25726	29	8	only	only	ADV
eistud-25726	29	9	venture	venture	NOUN
eistud-25726	29	10	capital	capital	NOUN
eistud-25726	29	11	investments	investment	NOUN
eistud-25726	29	12	through	through	ADP
eistud-25726	29	13	pension	pension	NOUN
eistud-25726	29	14	funds	fund	NOUN
eistud-25726	29	15	,	,	PUNCT
eistud-25726	29	16	but	but	CCONJ
eistud-25726	29	17	pension	pension	NOUN
eistud-25726	29	18	funds	fund	NOUN
eistud-25726	29	19	market	market	VERB
eistud-25726	29	20	itself	itself	PRON
eistud-25726	29	21	.	.	PUNCT
eistud-25726	30	1	only	only	ADV
eistud-25726	30	2	by	by	ADP
eistud-25726	30	3	making	make	VERB
eistud-25726	30	4	coordinative	coordinative	ADJ
eistud-25726	30	5	actions	action	NOUN
eistud-25726	30	6	,	,	PUNCT
eistud-25726	30	7	european	european	PROPN
eistud-25726	30	8	union	union	PROPN
eistud-25726	30	9	countries	country	NOUN
eistud-25726	30	10	might	might	AUX
eistud-25726	30	11	reach	reach	VERB
eistud-25726	30	12	long	long	ADJ
eistud-25726	30	13	-	-	PUNCT
eistud-25726	30	14	term	term	NOUN
eistud-25726	30	15	impact	impact	NOUN
eistud-25726	30	16	,	,	PUNCT
eistud-25726	30	17	which	which	PRON
eistud-25726	30	18	will	will	AUX
eistud-25726	30	19	positively	positively	ADV
eistud-25726	30	20	influence	influence	VERB
eistud-25726	30	21	their	their	PRON
eistud-25726	30	22	economic	economic	ADJ
eistud-25726	30	23	growth	growth	NOUN
eistud-25726	30	24	.	.	PUNCT
eistud-25726	31	1	as	as	ADP
eistud-25726	31	2	the	the	DET
eistud-25726	31	3	research	research	NOUN
eistud-25726	31	4	methods	method	NOUN
eistud-25726	31	5	it	it	PRON
eistud-25726	31	6	was	be	AUX
eistud-25726	31	7	taken	take	VERB
eistud-25726	31	8	theoretical	theoretical	ADJ
eistud-25726	31	9	analysis	analysis	NOUN
eistud-25726	31	10	of	of	ADP
eistud-25726	31	11	the	the	DET
eistud-25726	31	12	scientific	scientific	ADJ
eistud-25726	31	13	works	work	NOUN
eistud-25726	31	14	,	,	PUNCT
eistud-25726	31	15	research	research	NOUN
eistud-25726	31	16	papers	paper	NOUN
eistud-25726	31	17	,	,	PUNCT
eistud-25726	31	18	practical	practical	ADJ
eistud-25726	31	19	fields	field	NOUN
eistud-25726	31	20	in	in	ADP
eistud-25726	31	21	this	this	DET
eistud-25726	31	22	research	research	NOUN
eistud-25726	31	23	field	field	NOUN
eistud-25726	31	24	.	.	PUNCT
eistud-25726	32	1	also	also	ADV
eistud-25726	32	2	of	of	ADP
eistud-25726	32	3	statistical	statistical	ADJ
eistud-25726	32	4	data	datum	NOUN
eistud-25726	32	5	was	be	AUX
eistud-25726	32	6	applied	apply	VERB
eistud-25726	32	7	as	as	ADV
eistud-25726	32	8	well	well	ADV
eistud-25726	32	9	.	.	PUNCT
eistud-25726	33	1	the	the	DET
eistud-25726	33	2	importance	importance	NOUN
eistud-25726	33	3	of	of	ADP
eistud-25726	33	4	venture	venture	NOUN
eistud-25726	33	5	capital	capital	NOUN
eistud-25726	33	6	investments	investment	NOUN
eistud-25726	33	7	the	the	DET
eistud-25726	33	8	creation	creation	NOUN
eistud-25726	33	9	and	and	CCONJ
eistud-25726	33	10	development	development	NOUN
eistud-25726	33	11	of	of	ADP
eistud-25726	33	12	the	the	DET
eistud-25726	33	13	alternative	alternative	ADJ
eistud-25726	33	14	venture	venture	NOUN
eistud-25726	33	15	capital	capital	NOUN
eistud-25726	33	16	markets	market	NOUN
eistud-25726	33	17	,	,	PUNCT
eistud-25726	33	18	which	which	PRON
eistud-25726	33	19	finance	finance	VERB
eistud-25726	33	20	companies	company	NOUN
eistud-25726	33	21	in	in	ADP
eistud-25726	33	22	early	early	ADJ
eistud-25726	33	23	stages	stage	NOUN
eistud-25726	33	24	and	and	CCONJ
eistud-25726	33	25	especially	especially	ADV
eistud-25726	33	26	high	high	ADJ
eistud-25726	33	27	-	-	PUNCT
eistud-25726	33	28	tech	tech	NOUN
eistud-25726	33	29	sectors	sector	NOUN
eistud-25726	33	30	,	,	PUNCT
eistud-25726	33	31	progressively	progressively	ADV
eistud-25726	33	32	takes	take	VERB
eistud-25726	33	33	up	up	ADP
eistud-25726	33	34	a	a	DET
eistud-25726	33	35	important	important	ADJ
eistud-25726	33	36	position	position	NOUN
eistud-25726	33	37	in	in	ADP
eistud-25726	33	38	economic	economic	ADJ
eistud-25726	33	39	policy	policy	NOUN
eistud-25726	33	40	formation	formation	NOUN
eistud-25726	33	41	.	.	PUNCT
eistud-25726	34	1	main	main	ADJ
eistud-25726	34	2	reason	reason	NOUN
eistud-25726	34	3	for	for	ADP
eistud-25726	34	4	venture	venture	NOUN
eistud-25726	34	5	capital	capital	NOUN
eistud-25726	34	6	market	market	NOUN
eistud-25726	34	7	creation	creation	NOUN
eistud-25726	34	8	and	and	CCONJ
eistud-25726	34	9	stimulation	stimulation	NOUN
eistud-25726	34	10	is	be	AUX
eistud-25726	34	11	that	that	SCONJ
eistud-25726	34	12	venture	venture	NOUN
eistud-25726	34	13	capital	capital	NOUN
eistud-25726	34	14	has	have	VERB
eistud-25726	34	15	positive	positive	ADJ
eistud-25726	34	16	influence	influence	NOUN
eistud-25726	34	17	on	on	ADP
eistud-25726	34	18	stable	stable	ADJ
eistud-25726	34	19	growth	growth	NOUN
eistud-25726	34	20	of	of	ADP
eistud-25726	34	21	economy	economy	NOUN
eistud-25726	34	22	and	and	CCONJ
eistud-25726	34	23	increase	increase	NOUN
eistud-25726	34	24	of	of	ADP
eistud-25726	34	25	employment	employment	NOUN
eistud-25726	34	26	(	(	PUNCT
eistud-25726	34	27	botazzi	botazzi	NOUN
eistud-25726	34	28	and	and	CCONJ
eistud-25726	34	29	da	da	PROPN
eistud-25726	34	30	rin	rin	PROPN
eistud-25726	34	31	,	,	PUNCT
eistud-25726	34	32	2002	2002	NUM
eistud-25726	34	33	,	,	PUNCT
eistud-25726	34	34	european	european	PROPN
eistud-25726	34	35	commission	commission	PROPN
eistud-25726	34	36	,	,	PUNCT
eistud-25726	34	37	2003	2003	NUM
eistud-25726	34	38	,	,	PUNCT
eistud-25726	34	39	oecd	oecd	PROPN
eistud-25726	34	40	,	,	PUNCT
eistud-25726	34	41	2001	2001	NUM
eistud-25726	34	42	)	)	PUNCT
eistud-25726	34	43	.	.	PUNCT
eistud-25726	35	1	when	when	SCONJ
eistud-25726	35	2	economies	economy	NOUN
eistud-25726	35	3	become	become	VERB
eistud-25726	35	4	dependent	dependent	ADJ
eistud-25726	35	5	from	from	ADP
eistud-25726	35	6	innovation	innovation	NOUN
eistud-25726	35	7	and	and	CCONJ
eistud-25726	35	8	entrepreneurship	entrepreneurship	NOUN
eistud-25726	35	9	in	in	ADP
eistud-25726	35	10	order	order	NOUN
eistud-25726	35	11	to	to	PART
eistud-25726	35	12	reach	reach	VERB
eistud-25726	35	13	continuous	continuous	ADJ
eistud-25726	35	14	long	long	ADJ
eistud-25726	35	15	-	-	PUNCT
eistud-25726	35	16	term	term	NOUN
eistud-25726	35	17	growth	growth	NOUN
eistud-25726	35	18	(	(	PUNCT
eistud-25726	35	19	botazzi	botazzi	ADV
eistud-25726	35	20	et	et	PROPN
eistud-25726	35	21	all	all	PRON
eistud-25726	35	22	,	,	PUNCT
eistud-25726	35	23	2003	2003	NUM
eistud-25726	35	24	,	,	PUNCT
eistud-25726	35	25	nelson	nelson	PROPN
eistud-25726	35	26	and	and	CCONJ
eistud-25726	35	27	romer	romer	PROPN
eistud-25726	35	28	1996	1996	NUM
eistud-25726	35	29	,	,	PUNCT
eistud-25726	35	30	oecd	oecd	PROPN
eistud-25726	35	31	,	,	PUNCT
eistud-25726	35	32	2001	2001	NUM
eistud-25726	35	33	)	)	PUNCT
eistud-25726	35	34	,	,	PUNCT
eistud-25726	35	35	governments	government	NOUN
eistud-25726	35	36	try	try	VERB
eistud-25726	35	37	to	to	PART
eistud-25726	35	38	adapt	adapt	VERB
eistud-25726	35	39	venture	venture	NOUN
eistud-25726	35	40	capital	capital	NOUN
eistud-25726	35	41	stimulation	stimulation	NOUN
eistud-25726	35	42	methods	method	NOUN
eistud-25726	35	43	,	,	PUNCT
eistud-25726	35	44	which	which	PRON
eistud-25726	35	45	have	have	AUX
eistud-25726	35	46	been	be	AUX
eistud-25726	35	47	successfully	successfully	ADV
eistud-25726	35	48	implemented	implement	VERB
eistud-25726	35	49	in	in	ADP
eistud-25726	35	50	usa	usa	PROPN
eistud-25726	35	51	(	(	PUNCT
eistud-25726	35	52	megginson	megginson	PROPN
eistud-25726	35	53	,	,	PUNCT
eistud-25726	35	54	2004	2004	NUM
eistud-25726	35	55	)	)	PUNCT
eistud-25726	35	56	.	.	PUNCT
eistud-25726	36	1	these	these	DET
eistud-25726	36	2	efforts	effort	NOUN
eistud-25726	36	3	require	require	VERB
eistud-25726	36	4	huge	huge	ADJ
eistud-25726	36	5	investments	investment	NOUN
eistud-25726	36	6	,	,	PUNCT
eistud-25726	36	7	but	but	CCONJ
eistud-25726	36	8	still	still	ADV
eistud-25726	36	9	now	now	ADV
eistud-25726	36	10	the	the	DET
eistud-25726	36	11	best	good	ADJ
eistud-25726	36	12	and	and	CCONJ
eistud-25726	36	13	proper	proper	ADJ
eistud-25726	36	14	political	political	ADJ
eistud-25726	36	15	instruments	instrument	NOUN
eistud-25726	36	16	,	,	PUNCT
eistud-25726	36	17	enabling	enable	VERB
eistud-25726	36	18	to	to	PART
eistud-25726	36	19	create	create	VERB
eistud-25726	36	20	active	active	ADJ
eistud-25726	36	21	venture	venture	NOUN
eistud-25726	36	22	capital	capital	NOUN
eistud-25726	36	23	markets	market	NOUN
eistud-25726	36	24	,	,	PUNCT
eistud-25726	36	25	not	not	PART
eistud-25726	36	26	known	know	VERB
eistud-25726	36	27	enough	enough	ADV
eistud-25726	36	28	.	.	PUNCT
eistud-25726	37	1	mostly	mostly	ADV
eistud-25726	37	2	venture	venture	NOUN
eistud-25726	37	3	capital	capital	NOUN
eistud-25726	37	4	market	market	NOUN
eistud-25726	37	5	is	be	AUX
eistud-25726	37	6	developed	develop	VERB
eistud-25726	37	7	in	in	ADP
eistud-25726	37	8	usa	usa	PROPN
eistud-25726	37	9	.	.	PUNCT
eistud-25726	38	1	there	there	PRON
eistud-25726	38	2	are	be	VERB
eistud-25726	38	3	several	several	ADJ
eistud-25726	38	4	reasons	reason	NOUN
eistud-25726	38	5	,	,	PUNCT
eistud-25726	38	6	why	why	SCONJ
eistud-25726	38	7	venture	venture	NOUN
eistud-25726	38	8	capital	capital	NOUN
eistud-25726	38	9	creation	creation	NOUN
eistud-25726	38	10	and	and	CCONJ
eistud-25726	38	11	development	development	NOUN
eistud-25726	38	12	in	in	ADP
eistud-25726	38	13	usa	usa	PROPN
eistud-25726	38	14	has	have	VERB
eistud-25726	38	15	impressive	impressive	ADJ
eistud-25726	38	16	venture	venture	NOUN
eistud-25726	38	17	capital	capital	NOUN
eistud-25726	38	18	investment	investment	NOUN
eistud-25726	38	19	results	result	NOUN
eistud-25726	38	20	.	.	PUNCT
eistud-25726	39	1	one	one	NUM
eistud-25726	39	2	of	of	ADP
eistud-25726	39	3	the	the	DET
eistud-25726	39	4	first	first	ADJ
eistud-25726	39	5	building	building	NOUN
eistud-25726	39	6	steps	step	NOUN
eistud-25726	39	7	toward	toward	ADP
eistud-25726	39	8	a	a	DET
eistud-25726	39	9	professionally	professionally	ADV
eistud-25726	39	10	-	-	PUNCT
eistud-25726	39	11	managed	manage	VERB
eistud-25726	39	12	venture	venture	NOUN
eistud-25726	39	13	capital	capital	NOUN
eistud-25726	39	14	industry	industry	NOUN
eistud-25726	39	15	was	be	AUX
eistud-25726	39	16	the	the	DET
eistud-25726	39	17	passage	passage	NOUN
eistud-25726	39	18	of	of	ADP
eistud-25726	39	19	the	the	DET
eistud-25726	39	20	small	small	ADJ
eistud-25726	39	21	business	business	NOUN
eistud-25726	39	22	investment	investment	NOUN
eistud-25726	39	23	act	act	NOUN
eistud-25726	39	24	of	of	ADP
eistud-25726	39	25	1958	1958	NUM
eistud-25726	39	26	in	in	ADP
eistud-25726	39	27	us	we	PRON
eistud-25726	39	28	.	.	PUNCT
eistud-25726	40	1	the	the	DET
eistud-25726	40	2	1958	1958	NUM
eistud-25726	40	3	act	act	NOUN
eistud-25726	40	4	officially	officially	ADV
eistud-25726	40	5	allowed	allow	VERB
eistud-25726	40	6	to	to	PART
eistud-25726	40	7	license	license	VERB
eistud-25726	40	8	private	private	ADJ
eistud-25726	40	9	,	,	PUNCT
eistud-25726	40	10	small	small	ADJ
eistud-25726	40	11	business	business	NOUN
eistud-25726	40	12	investment	investment	NOUN
eistud-25726	40	13	companies	company	NOUN
eistud-25726	40	14	,	,	PUNCT
eistud-25726	40	15	which	which	PRON
eistud-25726	40	16	help	help	VERB
eistud-25726	40	17	the	the	DET
eistud-25726	40	18	financing	financing	NOUN
eistud-25726	40	19	and	and	CCONJ
eistud-25726	40	20	management	management	NOUN
eistud-25726	40	21	of	of	ADP
eistud-25726	40	22	the	the	DET
eistud-25726	40	23	small	small	ADJ
eistud-25726	40	24	entrepreneurial	entrepreneurial	ADJ
eistud-25726	40	25	businesses	business	NOUN
eistud-25726	40	26	in	in	ADP
eistud-25726	40	27	the	the	DET
eistud-25726	40	28	usa	usa	PROPN
eistud-25726	40	29	.	.	PUNCT
eistud-25726	41	1	the	the	DET
eistud-25726	41	2	other	other	ADJ
eistud-25726	41	3	legislation	legislation	NOUN
eistud-25726	41	4	,	,	PUNCT
eistud-25726	41	5	which	which	PRON
eistud-25726	41	6	had	have	VERB
eistud-25726	41	7	a	a	DET
eistud-25726	41	8	significant	significant	ADJ
eistud-25726	41	9	impact	impact	NOUN
eistud-25726	41	10	on	on	ADP
eistud-25726	41	11	venture	venture	NOUN
eistud-25726	41	12	capital	capital	NOUN
eistud-25726	41	13	,	,	PUNCT
eistud-25726	41	14	was	be	AUX
eistud-25726	41	15	a	a	DET
eistud-25726	41	16	series	series	NOUN
eistud-25726	41	17	of	of	ADP
eistud-25726	41	18	changes	change	NOUN
eistud-25726	41	19	in	in	ADP
eistud-25726	41	20	employee	employee	NOUN
eistud-25726	41	21	pension	pension	NOUN
eistud-25726	41	22	funds	fund	NOUN
eistud-25726	41	23	lows	low	NOUN
eistud-25726	41	24	during	during	ADP
eistud-25726	41	25	1970s	1970s	NUM
eistud-25726	41	26	.	.	PUNCT
eistud-25726	42	1	the	the	DET
eistud-25726	42	2	pension	pension	NOUN
eistud-25726	42	3	funds	fund	NOUN
eistud-25726	42	4	were	be	AUX
eistud-25726	42	5	allowed	allow	VERB
eistud-25726	42	6	to	to	PART
eistud-25726	42	7	invest	invest	VERB
eistud-25726	42	8	in	in	ADP
eistud-25726	42	9	independent	independent	ADJ
eistud-25726	42	10	investment	investment	NOUN
eistud-25726	42	11	funds	fund	NOUN
eistud-25726	42	12	,	,	PUNCT
eistud-25726	42	13	including	include	VERB
eistud-25726	42	14	venture	venture	NOUN
eistud-25726	42	15	capital	capital	NOUN
eistud-25726	42	16	funds	fund	NOUN
eistud-25726	42	17	(	(	PUNCT
eistud-25726	42	18	kenney	kenney	PROPN
eistud-25726	42	19	,	,	PUNCT
eistud-25726	42	20	2000	2000	NUM
eistud-25726	42	21	)	)	PUNCT
eistud-25726	42	22	.	.	PUNCT
eistud-25726	43	1	according	accord	VERB
eistud-25726	43	2	various	various	ADJ
eistud-25726	43	3	authors	author	NOUN
eistud-25726	43	4	(	(	PUNCT
eistud-25726	43	5	bygrave	bygrave	VERB
eistud-25726	43	6	and	and	CCONJ
eistud-25726	43	7	timmons	timmon	NOUN
eistud-25726	43	8	,	,	PUNCT
eistud-25726	43	9	2002	2002	NUM
eistud-25726	43	10	,	,	PUNCT
eistud-25726	43	11	lerner	lerner	PROPN
eistud-25726	43	12	,	,	PUNCT
eistud-25726	43	13	1998	1998	NUM
eistud-25726	43	14	,	,	PUNCT
eistud-25726	43	15	bartlett	bartlett	NOUN
eistud-25726	43	16	,	,	PUNCT
eistud-25726	43	17	2000	2000	NUM
eistud-25726	43	18	)	)	PUNCT
eistud-25726	43	19	,	,	PUNCT
eistud-25726	43	20	with	with	ADP
eistud-25726	43	21	these	these	DET
eistud-25726	43	22	few	few	ADJ
eistud-25726	43	23	exceptions	exception	NOUN
eistud-25726	43	24	and	and	CCONJ
eistud-25726	43	25	decisions	decision	NOUN
eistud-25726	43	26	in	in	ADP
eistud-25726	43	27	legislation	legislation	NOUN
eistud-25726	43	28	changes	change	NOUN
eistud-25726	43	29	,	,	PUNCT
eistud-25726	43	30	us	us	PROPN
eistud-25726	43	31	government	government	NOUN
eistud-25726	43	32	has	have	VERB
eistud-25726	43	33	only	only	ADV
eistud-25726	43	34	a	a	DET
eistud-25726	43	35	limited	limited	ADJ
eistud-25726	43	36	role	role	NOUN
eistud-25726	43	37	in	in	ADP
eistud-25726	43	38	creating	create	VERB
eistud-25726	43	39	and	and	CCONJ
eistud-25726	43	40	developing	develop	VERB
eistud-25726	43	41	venture	venture	NOUN
eistud-25726	43	42	capital	capital	NOUN
eistud-25726	43	43	industry	industry	NOUN
eistud-25726	43	44	.	.	PUNCT
eistud-25726	44	1	venture	venture	NOUN
eistud-25726	44	2	capital	capital	NOUN
eistud-25726	44	3	has	have	AUX
eistud-25726	44	4	been	be	AUX
eistud-25726	44	5	the	the	DET
eistud-25726	44	6	main	main	ADJ
eistud-25726	44	7	driving	driving	NOUN
eistud-25726	44	8	force	force	NOUN
eistud-25726	44	9	behind	behind	ADP
eistud-25726	44	10	some	some	PRON
eistud-25726	44	11	of	of	ADP
eistud-25726	44	12	the	the	DET
eistud-25726	44	13	most	most	ADV
eistud-25726	44	14	vibrant	vibrant	ADJ
eistud-25726	44	15	sectors	sector	NOUN
eistud-25726	44	16	(	(	PUNCT
eistud-25726	44	17	information	information	NOUN
eistud-25726	44	18	technologies	technology	NOUN
eistud-25726	44	19	)	)	PUNCT
eistud-25726	44	20	of	of	ADP
eistud-25726	44	21	the	the	DET
eistud-25726	44	22	usa	usa	PROPN
eistud-25726	44	23	economy	economy	NOUN
eistud-25726	44	24	,	,	PUNCT
eistud-25726	44	25	financing	finance	VERB
eistud-25726	44	26	the	the	DET
eistud-25726	44	27	growth	growth	NOUN
eistud-25726	44	28	of	of	ADP
eistud-25726	44	29	technology	technology	NOUN
eistud-25726	44	30	based	base	VERB
eistud-25726	44	31	firms	firm	NOUN
eistud-25726	44	32	as	as	ADP
eistud-25726	44	33	microsoft	microsoft	PROPN
eistud-25726	44	34	,	,	PUNCT
eistud-25726	44	35	compaq	compaq	NOUN
eistud-25726	44	36	,	,	PUNCT
eistud-25726	44	37	oracle	oracle	NOUN
eistud-25726	44	38	,	,	PUNCT
eistud-25726	44	39	etc	etc	X
eistud-25726	44	40	.	.	X
eistud-25726	45	1	(	(	PUNCT
eistud-25726	45	2	jeng	jeng	PROPN
eistud-25726	45	3	,	,	PUNCT
eistud-25726	45	4	wells	wells	PROPN
eistud-25726	45	5	,	,	PUNCT
eistud-25726	45	6	1998	1998	NUM
eistud-25726	45	7	)	)	PUNCT
eistud-25726	45	8	.	.	PUNCT
eistud-25726	46	1	during	during	ADP
eistud-25726	46	2	the	the	DET
eistud-25726	46	3	1960s-1970s	1960s-1970s	NUM
eistud-25726	46	4	,	,	PUNCT
eistud-25726	46	5	venture	venture	NOUN
eistud-25726	46	6	capital	capital	NOUN
eistud-25726	46	7	firms	firm	NOUN
eistud-25726	46	8	focused	focus	VERB
eistud-25726	46	9	their	their	PRON
eistud-25726	46	10	investment	investment	NOUN
eistud-25726	46	11	activity	activity	NOUN
eistud-25726	46	12	primarily	primarily	ADV
eistud-25726	46	13	on	on	ADP
eistud-25726	46	14	starting	start	VERB
eistud-25726	46	15	and	and	CCONJ
eistud-25726	46	16	expanding	expand	VERB
eistud-25726	46	17	companies	company	NOUN
eistud-25726	46	18	,	,	PUNCT
eistud-25726	46	19	which	which	PRON
eistud-25726	46	20	were	be	AUX
eistud-25726	46	21	exploiting	exploit	VERB
eistud-25726	46	22	breakthroughs	breakthrough	NOUN
eistud-25726	46	23	in	in	ADP
eistud-25726	46	24	electronic	electronic	ADJ
eistud-25726	46	25	,	,	PUNCT
eistud-25726	46	26	medical	medical	ADJ
eistud-25726	46	27	or	or	CCONJ
eistud-25726	46	28	data	data	NOUN
eistud-25726	46	29	-	-	PUNCT
eistud-25726	46	30	processing	processing	NOUN
eistud-25726	46	31	technology	technology	NOUN
eistud-25726	46	32	.	.	PUNCT
eistud-25726	47	1	as	as	ADP
eistud-25726	47	2	a	a	DET
eistud-25726	47	3	result	result	NOUN
eistud-25726	47	4	,	,	PUNCT
eistud-25726	47	5	venture	venture	NOUN
eistud-25726	47	6	capital	capital	NOUN
eistud-25726	47	7	came	come	VERB
eistud-25726	47	8	to	to	PART
eistud-25726	47	9	be	be	AUX
eistud-25726	47	10	almost	almost	ADV
eistud-25726	47	11	synonymous	synonymous	ADJ
eistud-25726	47	12	with	with	ADP
eistud-25726	47	13	technology	technology	NOUN
eistud-25726	47	14	finance	finance	NOUN
eistud-25726	47	15	.	.	PUNCT
eistud-25726	48	1	in	in	ADP
eistud-25726	48	2	europe	europe	PROPN
eistud-25726	48	3	,	,	PUNCT
eistud-25726	48	4	venture	venture	NOUN
eistud-25726	48	5	capital	capital	NOUN
eistud-25726	48	6	started	start	VERB
eistud-25726	48	7	in	in	ADP
eistud-25726	48	8	earnest	earnest	ADJ
eistud-25726	48	9	about	about	ADP
eistud-25726	48	10	1980s-1990s	1980s-1990s	NUM
eistud-25726	48	11	(	(	PUNCT
eistud-25726	48	12	evca	evca	PROPN
eistud-25726	48	13	,	,	PUNCT
eistud-25726	48	14	2002	2002	NUM
eistud-25726	48	15	)	)	PUNCT
eistud-25726	48	16	,	,	PUNCT
eistud-25726	48	17	when	when	SCONJ
eistud-25726	48	18	venture	venture	NOUN
eistud-25726	48	19	capital	capital	NOUN
eistud-25726	48	20	industry	industry	NOUN
eistud-25726	48	21	in	in	ADP
eistud-25726	48	22	usa	usa	PROPN
eistud-25726	48	23	was	be	AUX
eistud-25726	48	24	highly	highly	ADV
eistud-25726	48	25	developed	develop	VERB
eistud-25726	48	26	.	.	PUNCT
eistud-25726	49	1	the	the	DET
eistud-25726	49	2	growth	growth	NOUN
eistud-25726	49	3	of	of	ADP
eistud-25726	49	4	international	international	ADJ
eistud-25726	49	5	competition	competition	NOUN
eistud-25726	49	6	,	,	PUNCT
eistud-25726	49	7	the	the	DET
eistud-25726	49	8	lack	lack	NOUN
eistud-25726	49	9	of	of	ADP
eistud-25726	49	10	innovative	innovative	ADJ
eistud-25726	49	11	ideas	idea	NOUN
eistud-25726	49	12	and	and	CCONJ
eistud-25726	49	13	projects	project	NOUN
eistud-25726	49	14	,	,	PUNCT
eistud-25726	49	15	continuous	continuous	ADJ
eistud-25726	49	16	high	high	ADJ
eistud-25726	49	17	-	-	PUNCT
eistud-25726	49	18	technologies	technology	NOUN
eistud-25726	49	19	renewal	renewal	NOUN
eistud-25726	49	20	and	and	CCONJ
eistud-25726	49	21	new	new	ADJ
eistud-25726	49	22	knowledge	knowledge	NOUN
eistud-25726	49	23	creation	creation	NOUN
eistud-25726	49	24	led	lead	VERB
eistud-25726	49	25	to	to	ADP
eistud-25726	49	26	the	the	DET
eistud-25726	49	27	individual	individual	ADJ
eistud-25726	49	28	governments	government	NOUN
eistud-25726	49	29	’	’	PART
eistud-25726	49	30	decisions	decision	NOUN
eistud-25726	49	31	to	to	PART
eistud-25726	49	32	initiate	initiate	VERB
eistud-25726	49	33	,	,	PUNCT
eistud-25726	49	34	develop	develop	VERB
eistud-25726	49	35	and	and	CCONJ
eistud-25726	49	36	support	support	VERB
eistud-25726	49	37	the	the	DET
eistud-25726	49	38	creation	creation	NOUN
eistud-25726	49	39	of	of	ADP
eistud-25726	49	40	active	active	ADJ
eistud-25726	49	41	venture	venture	NOUN
eistud-25726	49	42	capital	capital	NOUN
eistud-25726	49	43	sector	sector	NOUN
eistud-25726	49	44	.	.	PUNCT
eistud-25726	50	1	unfortunately	unfortunately	ADV
eistud-25726	50	2	,	,	PUNCT
eistud-25726	50	3	in	in	ADP
eistud-25726	50	4	some	some	DET
eistud-25726	50	5	european	european	ADJ
eistud-25726	50	6	countries	country	NOUN
eistud-25726	50	7	these	these	DET
eistud-25726	50	8	efforts	effort	NOUN
eistud-25726	50	9	to	to	PART
eistud-25726	50	10	create	create	VERB
eistud-25726	50	11	similar	similar	ADJ
eistud-25726	50	12	institutions	institution	NOUN
eistud-25726	50	13	,	,	PUNCT
eistud-25726	50	14	stimulating	stimulate	VERB
eistud-25726	50	15	entrepreneurial	entrepreneurial	ADJ
eistud-25726	50	16	ideas	idea	NOUN
eistud-25726	50	17	and	and	CCONJ
eistud-25726	50	18	local	local	ADJ
eistud-25726	50	19	abilities	ability	NOUN
eistud-25726	50	20	,	,	PUNCT
eistud-25726	50	21	were	be	AUX
eistud-25726	50	22	inefficient	inefficient	ADJ
eistud-25726	50	23	.	.	PUNCT
eistud-25726	51	1	gompers	gomper	NOUN
eistud-25726	51	2	and	and	CCONJ
eistud-25726	51	3	lerner	lerner	PROPN
eistud-25726	51	4	(	(	PUNCT
eistud-25726	51	5	1998	1998	NUM
eistud-25726	51	6	)	)	PUNCT
eistud-25726	51	7	issn	issn	PROPN
eistud-25726	51	8	1822	1822	NUM
eistud-25726	51	9	-	-	SYM
eistud-25726	51	10	8402	8402	NUM
eistud-25726	51	11	european	european	ADJ
eistud-25726	51	12	integration	integration	NOUN
eistud-25726	51	13	studies	study	NOUN
eistud-25726	51	14	.	.	PUNCT
eistud-25726	52	1	2009	2009	NUM
eistud-25726	52	2	.	.	PUNCT
eistud-25726	53	1	no	no	DET
eistud-25726	53	2	3	3	NUM
eistud-25726	53	3	88	88	NUM
eistud-25726	53	4	identified	identify	VERB
eistud-25726	53	5	the	the	DET
eistud-25726	53	6	reasons	reason	NOUN
eistud-25726	53	7	of	of	ADP
eistud-25726	53	8	venture	venture	NOUN
eistud-25726	53	9	capital	capital	NOUN
eistud-25726	53	10	stagnation	stagnation	NOUN
eistud-25726	53	11	in	in	ADP
eistud-25726	53	12	eu	eu	PROPN
eistud-25726	53	13	countries	country	NOUN
eistud-25726	53	14	such	such	ADJ
eistud-25726	53	15	as	as	ADP
eistud-25726	53	16	the	the	DET
eistud-25726	53	17	lack	lack	NOUN
eistud-25726	53	18	of	of	ADP
eistud-25726	53	19	entrepreneurship	entrepreneurship	NOUN
eistud-25726	53	20	spirit	spirit	NOUN
eistud-25726	53	21	for	for	ADP
eistud-25726	53	22	new	new	ADJ
eistud-25726	53	23	ideas	idea	NOUN
eistud-25726	53	24	implementation	implementation	NOUN
eistud-25726	53	25	,	,	PUNCT
eistud-25726	53	26	the	the	DET
eistud-25726	53	27	lack	lack	NOUN
eistud-25726	53	28	of	of	ADP
eistud-25726	53	29	experienced	experienced	ADJ
eistud-25726	53	30	venture	venture	NOUN
eistud-25726	53	31	capitalists	capitalist	NOUN
eistud-25726	53	32	,	,	PUNCT
eistud-25726	53	33	which	which	PRON
eistud-25726	53	34	needed	need	VERB
eistud-25726	53	35	for	for	ADP
eistud-25726	53	36	venture	venture	NOUN
eistud-25726	53	37	-	-	PUNCT
eistud-25726	53	38	backed	back	VERB
eistud-25726	53	39	companies	company	NOUN
eistud-25726	53	40	management	management	NOUN
eistud-25726	53	41	,	,	PUNCT
eistud-25726	53	42	the	the	DET
eistud-25726	53	43	lack	lack	NOUN
eistud-25726	53	44	of	of	ADP
eistud-25726	53	45	sustainable	sustainable	ADJ
eistud-25726	53	46	infrastructure	infrastructure	NOUN
eistud-25726	53	47	for	for	ADP
eistud-25726	53	48	ideas	idea	NOUN
eistud-25726	53	49	,	,	PUNCT
eistud-25726	53	50	projects	project	VERB
eistud-25726	53	51	generation	generation	NOUN
eistud-25726	53	52	and	and	CCONJ
eistud-25726	53	53	performance	performance	NOUN
eistud-25726	53	54	.	.	PUNCT
eistud-25726	54	1	most	most	ADJ
eistud-25726	54	2	of	of	ADP
eistud-25726	54	3	european	european	ADJ
eistud-25726	54	4	venture	venture	NOUN
eistud-25726	54	5	capital	capital	NOUN
eistud-25726	54	6	funds	fund	NOUN
eistud-25726	54	7	and	and	CCONJ
eistud-25726	54	8	venture	venture	NOUN
eistud-25726	54	9	capital	capital	NOUN
eistud-25726	54	10	management	management	NOUN
eistud-25726	54	11	companies	company	NOUN
eistud-25726	54	12	survived	survive	VERB
eistud-25726	54	13	only	only	ADV
eistud-25726	54	14	by	by	ADP
eistud-25726	54	15	selling	sell	VERB
eistud-25726	54	16	and	and	CCONJ
eistud-25726	54	17	buying	buy	VERB
eistud-25726	54	18	companies	company	NOUN
eistud-25726	54	19	’	'	PUNCT
eistud-25726	54	20	,	,	PUNCT
eistud-25726	54	21	mergers	merger	NOUN
eistud-25726	54	22	and	and	CCONJ
eistud-25726	54	23	acquisitions	acquisition	NOUN
eistud-25726	54	24	and	and	CCONJ
eistud-25726	54	25	only	only	ADV
eistud-25726	54	26	few	few	ADJ
eistud-25726	54	27	coincidence	coincidence	NOUN
eistud-25726	54	28	investments	investment	NOUN
eistud-25726	54	29	to	to	PART
eistud-25726	54	30	start	start	VERB
eistud-25726	54	31	-	-	PUNCT
eistud-25726	54	32	ups	up	NOUN
eistud-25726	54	33	(	(	PUNCT
eistud-25726	54	34	jakubavicius	jakubavicius	NOUN
eistud-25726	54	35	et	et	PROPN
eistud-25726	54	36	al	al	PROPN
eistud-25726	54	37	,	,	PUNCT
eistud-25726	54	38	2008	2008	NUM
eistud-25726	54	39	)	)	PUNCT
eistud-25726	54	40	.	.	PUNCT
eistud-25726	55	1	mostly	mostly	ADV
eistud-25726	55	2	venture	venture	NOUN
eistud-25726	55	3	capital	capital	NOUN
eistud-25726	55	4	industry	industry	NOUN
eistud-25726	55	5	is	be	AUX
eistud-25726	55	6	developed	develop	VERB
eistud-25726	55	7	in	in	ADP
eistud-25726	55	8	united	united	ADJ
eistud-25726	55	9	kingdom	kingdom	PROPN
eistud-25726	55	10	.	.	PUNCT
eistud-25726	56	1	tannon	tannon	NOUN
eistud-25726	56	2	and	and	CCONJ
eistud-25726	56	3	johanson	johanson	PROPN
eistud-25726	56	4	(	(	PUNCT
eistud-25726	56	5	2005	2005	NUM
eistud-25726	56	6	)	)	PUNCT
eistud-25726	56	7	states	state	NOUN
eistud-25726	56	8	,	,	PUNCT
eistud-25726	56	9	that	that	DET
eistud-25726	56	10	venture	venture	NOUN
eistud-25726	56	11	capital	capital	NOUN
eistud-25726	56	12	gap	gap	NOUN
eistud-25726	56	13	,	,	PUNCT
eistud-25726	56	14	comparing	compare	VERB
eistud-25726	56	15	usa	usa	PROPN
eistud-25726	56	16	with	with	ADP
eistud-25726	56	17	united	united	PROPN
eistud-25726	56	18	kingdom	kingdom	PROPN
eistud-25726	56	19	venture	venture	NOUN
eistud-25726	56	20	capital	capital	NOUN
eistud-25726	56	21	fundraisings	fundraising	NOUN
eistud-25726	56	22	and	and	CCONJ
eistud-25726	56	23	investments	investment	NOUN
eistud-25726	56	24	,	,	PUNCT
eistud-25726	56	25	has	have	AUX
eistud-25726	56	26	grown	grow	VERB
eistud-25726	56	27	last	last	ADJ
eistud-25726	56	28	years	year	NOUN
eistud-25726	56	29	,	,	PUNCT
eistud-25726	56	30	but	but	CCONJ
eistud-25726	56	31	venture	venture	NOUN
eistud-25726	56	32	capital	capital	NOUN
eistud-25726	56	33	industry	industry	NOUN
eistud-25726	56	34	in	in	ADP
eistud-25726	56	35	united	united	PROPN
eistud-25726	56	36	kingdom	kingdom	PROPN
eistud-25726	56	37	is	be	AUX
eistud-25726	56	38	more	more	ADV
eistud-25726	56	39	mature	mature	ADJ
eistud-25726	56	40	than	than	ADP
eistud-25726	56	41	other	other	ADJ
eistud-25726	56	42	well	well	ADV
eistud-25726	56	43	developed	develop	VERB
eistud-25726	56	44	countries	country	NOUN
eistud-25726	56	45	in	in	ADP
eistud-25726	56	46	europe	europe	PROPN
eistud-25726	56	47	.	.	PUNCT
eistud-25726	57	1	the	the	DET
eistud-25726	57	2	venture	venture	NOUN
eistud-25726	57	3	capital	capital	NOUN
eistud-25726	57	4	industry	industry	NOUN
eistud-25726	57	5	in	in	ADP
eistud-25726	57	6	united	united	PROPN
eistud-25726	57	7	kingdom	kingdom	PROPN
eistud-25726	57	8	started	start	VERB
eistud-25726	57	9	rapidly	rapidly	ADV
eistud-25726	57	10	grow	grow	VERB
eistud-25726	57	11	after	after	ADP
eistud-25726	57	12	liberalization	liberalization	NOUN
eistud-25726	57	13	of	of	ADP
eistud-25726	57	14	banks	bank	NOUN
eistud-25726	57	15	,	,	PUNCT
eistud-25726	57	16	pension	pension	NOUN
eistud-25726	57	17	funds	fund	NOUN
eistud-25726	57	18	legislation	legislation	NOUN
eistud-25726	57	19	,	,	PUNCT
eistud-25726	57	20	when	when	SCONJ
eistud-25726	57	21	various	various	ADJ
eistud-25726	57	22	institutional	institutional	ADJ
eistud-25726	57	23	investors	investor	NOUN
eistud-25726	57	24	were	be	AUX
eistud-25726	57	25	allowed	allow	VERB
eistud-25726	57	26	to	to	PART
eistud-25726	57	27	invest	invest	VERB
eistud-25726	57	28	into	into	ADP
eistud-25726	57	29	venture	venture	NOUN
eistud-25726	57	30	capital	capital	NOUN
eistud-25726	57	31	funds	fund	NOUN
eistud-25726	57	32	.	.	PUNCT
eistud-25726	58	1	more	more	ADJ
eistud-25726	58	2	,	,	PUNCT
eistud-25726	58	3	the	the	DET
eistud-25726	58	4	reformation	reformation	NOUN
eistud-25726	58	5	of	of	ADP
eistud-25726	58	6	legal	legal	ADJ
eistud-25726	58	7	and	and	CCONJ
eistud-25726	58	8	tax	tax	NOUN
eistud-25726	58	9	system	system	NOUN
eistud-25726	58	10	in	in	ADP
eistud-25726	58	11	united	united	ADJ
eistud-25726	58	12	kingdom	kingdom	PROPN
eistud-25726	58	13	,	,	PUNCT
eistud-25726	58	14	has	have	AUX
eistud-25726	58	15	accelerated	accelerate	VERB
eistud-25726	58	16	the	the	DET
eistud-25726	58	17	development	development	NOUN
eistud-25726	58	18	of	of	ADP
eistud-25726	58	19	reliable	reliable	ADJ
eistud-25726	58	20	and	and	CCONJ
eistud-25726	58	21	attractive	attractive	ADJ
eistud-25726	58	22	venture	venture	NOUN
eistud-25726	58	23	capital	capital	NOUN
eistud-25726	58	24	industry	industry	NOUN
eistud-25726	58	25	.	.	PUNCT
eistud-25726	59	1	as	as	ADP
eistud-25726	59	2	various	various	ADJ
eistud-25726	59	3	literature	literature	NOUN
eistud-25726	59	4	shows	show	NOUN
eistud-25726	59	5	,	,	PUNCT
eistud-25726	59	6	venture	venture	NOUN
eistud-25726	59	7	capital	capital	NOUN
eistud-25726	59	8	development	development	NOUN
eistud-25726	59	9	in	in	ADP
eistud-25726	59	10	eu	eu	PROPN
eistud-25726	59	11	faces	face	VERB
eistud-25726	59	12	various	various	ADJ
eistud-25726	59	13	legal	legal	ADJ
eistud-25726	59	14	acts	act	NOUN
eistud-25726	59	15	problems	problem	NOUN
eistud-25726	59	16	,	,	PUNCT
eistud-25726	59	17	related	relate	VERB
eistud-25726	59	18	to	to	ADP
eistud-25726	59	19	institutional	institutional	ADJ
eistud-25726	59	20	investors	investor	NOUN
eistud-25726	59	21	possibilities	possibility	NOUN
eistud-25726	59	22	to	to	PART
eistud-25726	59	23	invest	invest	VERB
eistud-25726	59	24	into	into	ADP
eistud-25726	59	25	alternative	alternative	ADJ
eistud-25726	59	26	assets	asset	NOUN
eistud-25726	59	27	–	–	PUNCT
eistud-25726	59	28	venture	venture	NOUN
eistud-25726	59	29	capital	capital	NOUN
eistud-25726	59	30	,	,	PUNCT
eistud-25726	59	31	but	but	CCONJ
eistud-25726	59	32	this	this	DET
eistud-25726	59	33	determinant	determinant	ADJ
eistud-25726	59	34	was	be	AUX
eistud-25726	59	35	one	one	NUM
eistud-25726	59	36	of	of	ADP
eistud-25726	59	37	the	the	DET
eistud-25726	59	38	most	most	ADV
eistud-25726	59	39	important	important	ADJ
eistud-25726	59	40	for	for	ADP
eistud-25726	59	41	venture	venture	NOUN
eistud-25726	59	42	market	market	NOUN
eistud-25726	59	43	creation	creation	NOUN
eistud-25726	59	44	and	and	CCONJ
eistud-25726	59	45	development	development	NOUN
eistud-25726	59	46	.	.	PUNCT
eistud-25726	60	1	the	the	DET
eistud-25726	60	2	relation	relation	NOUN
eistud-25726	60	3	between	between	ADP
eistud-25726	60	4	venture	venture	NOUN
eistud-25726	60	5	capital	capital	NOUN
eistud-25726	60	6	investment	investment	NOUN
eistud-25726	60	7	and	and	CCONJ
eistud-25726	60	8	country	country	NOUN
eistud-25726	60	9	’	'	PUNCT
eistud-25726	60	10	financial	financial	ADJ
eistud-25726	60	11	system	system	NOUN
eistud-25726	60	12	venture	venture	NOUN
eistud-25726	60	13	capital	capital	NOUN
eistud-25726	60	14	investments	investment	NOUN
eistud-25726	60	15	usually	usually	ADV
eistud-25726	60	16	are	be	AUX
eistud-25726	60	17	made	make	VERB
eistud-25726	60	18	through	through	ADP
eistud-25726	60	19	venture	venture	NOUN
eistud-25726	60	20	capital	capital	NOUN
eistud-25726	60	21	funds	fund	NOUN
eistud-25726	60	22	.	.	PUNCT
eistud-25726	61	1	venture	venture	NOUN
eistud-25726	61	2	capital	capital	NOUN
eistud-25726	61	3	funds	fund	NOUN
eistud-25726	61	4	creation	creation	NOUN
eistud-25726	61	5	in	in	ADP
eistud-25726	61	6	financial	financial	ADJ
eistud-25726	61	7	market	market	NOUN
eistud-25726	61	8	structure	structure	NOUN
eistud-25726	61	9	was	be	AUX
eistud-25726	61	10	influenced	influence	VERB
eistud-25726	61	11	by	by	ADP
eistud-25726	61	12	the	the	DET
eistud-25726	61	13	financial	financial	ADJ
eistud-25726	61	14	gaps	gap	NOUN
eistud-25726	61	15	between	between	ADP
eistud-25726	61	16	capital	capital	NOUN
eistud-25726	61	17	and	and	CCONJ
eistud-25726	61	18	credit	credit	NOUN
eistud-25726	61	19	markets	market	NOUN
eistud-25726	61	20	.	.	PUNCT
eistud-25726	62	1	this	this	DET
eistud-25726	62	2	gap	gap	NOUN
eistud-25726	62	3	was	be	AUX
eistud-25726	62	4	fueled	fuel	VERB
eistud-25726	62	5	by	by	ADP
eistud-25726	62	6	investors	investor	NOUN
eistud-25726	62	7	,	,	PUNCT
eistud-25726	62	8	which	which	PRON
eistud-25726	62	9	showed	show	VERB
eistud-25726	62	10	readiness	readiness	NOUN
eistud-25726	62	11	for	for	ADP
eistud-25726	62	12	higher	high	ADJ
eistud-25726	62	13	risk	risk	NOUN
eistud-25726	62	14	,	,	PUNCT
eistud-25726	62	15	but	but	CCONJ
eistud-25726	62	16	potential	potential	ADJ
eistud-25726	62	17	higher	high	ADJ
eistud-25726	62	18	than	than	ADP
eistud-25726	62	19	average	average	ADJ
eistud-25726	62	20	returns	return	NOUN
eistud-25726	62	21	from	from	ADP
eistud-25726	62	22	invested	invest	VERB
eistud-25726	62	23	equity	equity	NOUN
eistud-25726	62	24	capital	capital	NOUN
eistud-25726	62	25	.	.	PUNCT
eistud-25726	63	1	so	so	ADV
eistud-25726	63	2	,	,	PUNCT
eistud-25726	63	3	venture	venture	NOUN
eistud-25726	63	4	capital	capital	NOUN
eistud-25726	63	5	funds	fund	NOUN
eistud-25726	63	6	acts	act	VERB
eistud-25726	63	7	as	as	ADP
eistud-25726	63	8	financial	financial	ADJ
eistud-25726	63	9	intermediary	intermediary	NOUN
eistud-25726	63	10	between	between	ADP
eistud-25726	63	11	investors	investor	NOUN
eistud-25726	63	12	and	and	CCONJ
eistud-25726	63	13	venturebacked	venturebacke	VERB
eistud-25726	63	14	companies	company	NOUN
eistud-25726	63	15	(	(	PUNCT
eistud-25726	63	16	fig.1	fig.1	PROPN
eistud-25726	63	17	)	)	PUNCT
eistud-25726	63	18	.	.	PUNCT
eistud-25726	64	1	company	company	NOUN
eistud-25726	64	2	,	,	PUNCT
eistud-25726	64	3	which	which	PRON
eistud-25726	64	4	seeks	seek	VERB
eistud-25726	64	5	venture	venture	NOUN
eistud-25726	64	6	capital	capital	NOUN
eistud-25726	64	7	investment	investment	NOUN
eistud-25726	64	8	,	,	PUNCT
eistud-25726	64	9	can	can	AUX
eistud-25726	64	10	finance	finance	VERB
eistud-25726	64	11	its	its	PRON
eistud-25726	64	12	performance	performance	NOUN
eistud-25726	64	13	by	by	ADP
eistud-25726	64	14	individual	individual	ADJ
eistud-25726	64	15	investors	investor	NOUN
eistud-25726	64	16	or	or	CCONJ
eistud-25726	64	17	indirect	indirect	ADJ
eistud-25726	64	18	through	through	ADP
eistud-25726	64	19	venture	venture	NOUN
eistud-25726	64	20	capital	capital	NOUN
eistud-25726	64	21	fund	fund	PROPN
eistud-25726	64	22	.	.	PUNCT
eistud-25726	65	1	it	it	PRON
eistud-25726	65	2	is	be	AUX
eistud-25726	65	3	important	important	ADJ
eistud-25726	65	4	,	,	PUNCT
eistud-25726	65	5	that	that	SCONJ
eistud-25726	65	6	the	the	DET
eistud-25726	65	7	more	more	ADV
eistud-25726	65	8	individual	individual	ADJ
eistud-25726	65	9	and/or	and/or	CCONJ
eistud-25726	65	10	institutional	institutional	ADJ
eistud-25726	65	11	investors	investor	NOUN
eistud-25726	65	12	indirectly	indirectly	ADV
eistud-25726	65	13	invest	invest	VERB
eistud-25726	65	14	through	through	ADP
eistud-25726	65	15	venture	venture	NOUN
eistud-25726	65	16	capital	capital	NOUN
eistud-25726	65	17	funds	fund	NOUN
eistud-25726	65	18	,	,	PUNCT
eistud-25726	65	19	the	the	DET
eistud-25726	65	20	higher	high	ADJ
eistud-25726	65	21	risk	risk	NOUN
eistud-25726	65	22	of	of	ADP
eistud-25726	65	23	venture	venture	NOUN
eistud-25726	65	24	capital	capital	NOUN
eistud-25726	65	25	funds	fund	NOUN
eistud-25726	65	26	is	be	AUX
eistud-25726	65	27	(	(	PUNCT
eistud-25726	65	28	anderson	anderson	PROPN
eistud-25726	65	29	,	,	PUNCT
eistud-25726	65	30	napier	napier	PROPN
eistud-25726	65	31	,	,	PUNCT
eistud-25726	65	32	2005	2005	NUM
eistud-25726	65	33	)	)	PUNCT
eistud-25726	65	34	.	.	PUNCT
eistud-25726	66	1	such	such	ADJ
eistud-25726	66	2	suggestion	suggestion	NOUN
eistud-25726	66	3	shows	show	VERB
eistud-25726	66	4	,	,	PUNCT
eistud-25726	66	5	that	that	SCONJ
eistud-25726	66	6	the	the	DET
eistud-25726	66	7	transfer	transfer	NOUN
eistud-25726	66	8	of	of	ADP
eistud-25726	66	9	financial	financial	ADJ
eistud-25726	66	10	risk	risk	NOUN
eistud-25726	66	11	to	to	PART
eistud-25726	66	12	venture	venture	VERB
eistud-25726	66	13	capital	capital	NOUN
eistud-25726	66	14	funds	fund	NOUN
eistud-25726	66	15	responsibility	responsibility	NOUN
eistud-25726	66	16	reflects	reflect	VERB
eistud-25726	66	17	the	the	DET
eistud-25726	66	18	conservative	conservative	ADJ
eistud-25726	66	19	aims	aim	NOUN
eistud-25726	66	20	of	of	ADP
eistud-25726	66	21	the	the	DET
eistud-25726	66	22	banks	bank	NOUN
eistud-25726	66	23	and	and	CCONJ
eistud-25726	66	24	general	general	ADJ
eistud-25726	66	25	view	view	NOUN
eistud-25726	66	26	into	into	ADP
eistud-25726	66	27	risk	risk	NOUN
eistud-25726	66	28	diversification	diversification	NOUN
eistud-25726	66	29	.	.	PUNCT
eistud-25726	67	1	private	private	ADJ
eistud-25726	67	2	investors	investor	NOUN
eistud-25726	67	3	funds	fund	NOUN
eistud-25726	67	4	of	of	ADP
eistud-25726	67	5	funds	fund	NOUN
eistud-25726	67	6	venture	venture	NOUN
eistud-25726	67	7	capital	capital	NOUN
eistud-25726	67	8	fund	fund	PROPN
eistud-25726	67	9	venture	venture	PROPN
eistud-25726	67	10	capital	capital	PROPN
eistud-25726	67	11	fund	fund	PROPN
eistud-25726	67	12	venture	venture	PROPN
eistud-25726	67	13	capital	capital	PROPN
eistud-25726	67	14	fund	fund	PROPN
eistud-25726	67	15	venture	venture	PROPN
eistud-25726	67	16	capital	capital	PROPN
eistud-25726	67	17	fund	fund	PROPN
eistud-25726	67	18	company	company	NOUN
eistud-25726	67	19	company	company	NOUN
eistud-25726	67	20	company	company	NOUN
eistud-25726	67	21	company	company	NOUN
eistud-25726	67	22	direct	direct	ADJ
eistud-25726	67	23	investment	investment	NOUN
eistud-25726	67	24	investment	investment	NOUN
eistud-25726	67	25	into	into	ADP
eistud-25726	67	26	venture	venture	NOUN
eistud-25726	67	27	capital	capital	NOUN
eistud-25726	67	28	funds	fund	NOUN
eistud-25726	67	29	individual	individual	ADJ
eistud-25726	67	30	investors	investor	NOUN
eistud-25726	67	31	companies	company	NOUN
eistud-25726	67	32	insurance	insurance	NOUN
eistud-25726	67	33	companies	company	NOUN
eistud-25726	67	34	banks	bank	VERB
eistud-25726	67	35	pension	pension	NOUN
eistud-25726	67	36	funds	fund	NOUN
eistud-25726	67	37	funds	fund	NOUN
eistud-25726	67	38	of	of	ADP
eistud-25726	67	39	funds	fund	NOUN
eistud-25726	67	40	charity	charity	NOUN
eistud-25726	67	41	funds	fund	NOUN
eistud-25726	67	42	fig	fig	NOUN
eistud-25726	67	43	.	.	PUNCT
eistud-25726	68	1	1	1	X
eistud-25726	68	2	.	.	X
eistud-25726	68	3	venture	venture	NOUN
eistud-25726	68	4	capital	capital	NOUN
eistud-25726	68	5	fund	fund	NOUN
eistud-25726	68	6	as	as	ADP
eistud-25726	68	7	financial	financial	ADJ
eistud-25726	68	8	intermediary	intermediary	NOUN
eistud-25726	68	9	(	(	PUNCT
eistud-25726	68	10	adopted	adopt	VERB
eistud-25726	68	11	according	accord	VERB
eistud-25726	68	12	anderson	anderson	PROPN
eistud-25726	68	13	,	,	PUNCT
eistud-25726	68	14	napier	napier	PROPN
eistud-25726	68	15	,	,	PUNCT
eistud-25726	68	16	2005	2005	NUM
eistud-25726	68	17	;	;	PUNCT
eistud-25726	68	18	blotevogel	blotevogel	X
eistud-25726	68	19	,	,	PUNCT
eistud-25726	68	20	2005	2005	NUM
eistud-25726	68	21	)	)	PUNCT
eistud-25726	68	22	the	the	DET
eistud-25726	68	23	authors	author	NOUN
eistud-25726	68	24	of	of	ADP
eistud-25726	68	25	venture	venture	NOUN
eistud-25726	68	26	capital	capital	NOUN
eistud-25726	68	27	research	research	NOUN
eistud-25726	68	28	papers	paper	NOUN
eistud-25726	68	29	(	(	PUNCT
eistud-25726	68	30	black	black	ADJ
eistud-25726	68	31	,	,	PUNCT
eistud-25726	68	32	gilson	gilson	PROPN
eistud-25726	68	33	,	,	PUNCT
eistud-25726	68	34	1998	1998	NUM
eistud-25726	68	35	;	;	PUNCT
eistud-25726	68	36	hyytinne	hyytinne	NOUN
eistud-25726	68	37	,	,	PUNCT
eistud-25726	68	38	pajarinen	pajarinen	NOUN
eistud-25726	68	39	,	,	PUNCT
eistud-25726	68	40	2001	2001	NUM
eistud-25726	68	41	;	;	PUNCT
eistud-25726	68	42	alen	alen	PROPN
eistud-25726	68	43	,	,	PUNCT
eistud-25726	68	44	gale	gale	NOUN
eistud-25726	68	45	,	,	PUNCT
eistud-25726	68	46	2000	2000	NUM
eistud-25726	68	47	;	;	PUNCT
eistud-25726	68	48	johnson	johnson	PROPN
eistud-25726	68	49	,	,	PUNCT
eistud-25726	68	50	2000	2000	NUM
eistud-25726	68	51	;	;	PUNCT
eistud-25726	68	52	jeng	jeng	PROPN
eistud-25726	68	53	,	,	PUNCT
eistud-25726	68	54	wells	wells	PROPN
eistud-25726	68	55	,	,	PUNCT
eistud-25726	68	56	1999	1999	NUM
eistud-25726	68	57	;	;	PUNCT
eistud-25726	68	58	schafer	schafer	PROPN
eistud-25726	68	59	,	,	PUNCT
eistud-25726	68	60	2002	2002	NUM
eistud-25726	68	61	;	;	PUNCT
eistud-25726	68	62	mayer	mayer	PROPN
eistud-25726	68	63	,	,	PUNCT
eistud-25726	68	64	schoors	schoor	NOUN
eistud-25726	68	65	,	,	PUNCT
eistud-25726	68	66	yafeh	yafeh	NOUN
eistud-25726	68	67	,	,	PUNCT
eistud-25726	68	68	2003	2003	NUM
eistud-25726	68	69	;	;	PUNCT
eistud-25726	68	70	anderson	anderson	PROPN
eistud-25726	68	71	,	,	PUNCT
eistud-25726	68	72	napier	napier	PROPN
eistud-25726	68	73	,	,	PUNCT
eistud-25726	68	74	2005	2005	NUM
eistud-25726	68	75	)	)	PUNCT
eistud-25726	68	76	form	form	VERB
eistud-25726	68	77	an	an	DET
eistud-25726	68	78	opinion	opinion	NOUN
eistud-25726	68	79	,	,	PUNCT
eistud-25726	68	80	that	that	SCONJ
eistud-25726	68	81	there	there	PRON
eistud-25726	68	82	is	be	VERB
eistud-25726	68	83	a	a	DET
eistud-25726	68	84	very	very	ADV
eistud-25726	68	85	strong	strong	ADJ
eistud-25726	68	86	relation	relation	NOUN
eistud-25726	68	87	between	between	ADP
eistud-25726	68	88	financial	financial	ADJ
eistud-25726	68	89	system	system	NOUN
eistud-25726	68	90	structure	structure	NOUN
eistud-25726	68	91	and	and	CCONJ
eistud-25726	68	92	venture	venture	NOUN
eistud-25726	68	93	capital	capital	NOUN
eistud-25726	68	94	investments	investment	NOUN
eistud-25726	68	95	.	.	PUNCT
eistud-25726	69	1	their	their	PRON
eistud-25726	69	2	researches	research	NOUN
eistud-25726	69	3	(	(	PUNCT
eistud-25726	69	4	mayer	mayer	PROPN
eistud-25726	69	5	,	,	PUNCT
eistud-25726	69	6	schoors	schoor	NOUN
eistud-25726	69	7	,	,	PUNCT
eistud-25726	69	8	yafeh	yafeh	NOUN
eistud-25726	69	9	,	,	PUNCT
eistud-25726	69	10	2003	2003	NUM
eistud-25726	69	11	)	)	PUNCT
eistud-25726	69	12	show	show	VERB
eistud-25726	69	13	that	that	SCONJ
eistud-25726	69	14	there	there	PRON
eistud-25726	69	15	are	be	VERB
eistud-25726	69	16	significant	significant	ADJ
eistud-25726	69	17	relationships	relationship	NOUN
eistud-25726	69	18	between	between	ADP
eistud-25726	69	19	sources	source	NOUN
eistud-25726	69	20	of	of	ADP
eistud-25726	69	21	finance	finance	NOUN
eistud-25726	69	22	of	of	ADP
eistud-25726	69	23	venture	venture	NOUN
eistud-25726	69	24	capital	capital	NOUN
eistud-25726	69	25	firms	firm	NOUN
eistud-25726	69	26	and	and	CCONJ
eistud-25726	69	27	their	their	PRON
eistud-25726	69	28	investment	investment	NOUN
eistud-25726	69	29	activities	activity	NOUN
eistud-25726	69	30	within	within	ADP
eistud-25726	69	31	countries	country	NOUN
eistud-25726	69	32	.	.	PUNCT
eistud-25726	70	1	in	in	ADP
eistud-25726	70	2	particular	particular	ADJ
eistud-25726	70	3	,	,	PUNCT
eistud-25726	70	4	banks	bank	NOUN
eistud-25726	70	5	,	,	PUNCT
eistud-25726	70	6	insurance	insurance	NOUN
eistud-25726	70	7	,	,	PUNCT
eistud-25726	70	8	and	and	CCONJ
eistud-25726	70	9	pension	pension	NOUN
eistud-25726	70	10	fund	fund	NOUN
eistud-25726	70	11	-	-	PUNCT
eistud-25726	70	12	backed	back	VERB
eistud-25726	70	13	venture	venture	NOUN
eistud-25726	70	14	capital	capital	NOUN
eistud-25726	70	15	firms	firm	NOUN
eistud-25726	70	16	invest	invest	VERB
eistud-25726	70	17	in	in	ADP
eistud-25726	70	18	later	later	ADJ
eistud-25726	70	19	stage	stage	NOUN
eistud-25726	70	20	activities	activity	NOUN
eistud-25726	70	21	,	,	PUNCT
eistud-25726	70	22	and	and	CCONJ
eistud-25726	70	23	venture	venture	NOUN
eistud-25726	70	24	capital	capital	NOUN
eistud-25726	70	25	firms	firm	NOUN
eistud-25726	70	26	relying	rely	VERB
eistud-25726	70	27	on	on	ADP
eistud-25726	70	28	private	private	ADJ
eistud-25726	70	29	individual	individual	ADJ
eistud-25726	70	30	investors	investor	NOUN
eistud-25726	70	31	and	and	CCONJ
eistud-25726	70	32	corporations	corporation	NOUN
eistud-25726	70	33	favor	favor	VERB
eistud-25726	70	34	earlier	early	ADJ
eistud-25726	70	35	stage	stage	NOUN
eistud-25726	70	36	activities	activity	NOUN
eistud-25726	70	37	.	.	PUNCT
eistud-25726	71	1	individual	individual	ADJ
eistud-25726	71	2	and	and	CCONJ
eistud-25726	71	3	corporate	corporate	ADJ
eistud-25726	71	4	-	-	PUNCT
eistud-25726	71	5	backed	back	VERB
eistud-25726	71	6	funds	fund	NOUN
eistud-25726	71	7	invest	invest	VERB
eistud-25726	71	8	more	more	ADV
eistud-25726	71	9	in	in	ADP
eistud-25726	71	10	it	it	PRON
eistud-25726	71	11	,	,	PUNCT
eistud-25726	71	12	software	software	NOUN
eistud-25726	71	13	,	,	PUNCT
eistud-25726	71	14	and	and	CCONJ
eistud-25726	71	15	electronics	electronic	NOUN
eistud-25726	71	16	in	in	ADP
eistud-25726	71	17	preference	preference	NOUN
eistud-25726	71	18	to	to	ADP
eistud-25726	71	19	manufacturing	manufacturing	NOUN
eistud-25726	71	20	sectors	sector	NOUN
eistud-25726	71	21	,	,	PUNCT
eistud-25726	71	22	while	while	SCONJ
eistud-25726	71	23	the	the	DET
eistud-25726	71	24	reverse	reverse	NOUN
eistud-25726	71	25	holds	hold	VERB
eistud-25726	71	26	for	for	ADP
eistud-25726	71	27	insurance	insurance	NOUN
eistud-25726	71	28	and	and	CCONJ
eistud-25726	71	29	pension	pension	NOUN
eistud-25726	71	30	fundbacked	fundbacke	VERB
eistud-25726	71	31	funds	fund	NOUN
eistud-25726	71	32	.	.	PUNCT
eistud-25726	72	1	bank	bank	NOUN
eistud-25726	72	2	and	and	CCONJ
eistud-25726	72	3	pension	pension	NOUN
eistud-25726	72	4	-	-	PUNCT
eistud-25726	72	5	backed	back	VERB
eistud-25726	72	6	funds	fund	NOUN
eistud-25726	72	7	invest	invest	VERB
eistud-25726	72	8	domestically	domestically	ADV
eistud-25726	72	9	,	,	PUNCT
eistud-25726	72	10	while	while	SCONJ
eistud-25726	72	11	individual	individual	ADJ
eistud-25726	72	12	and	and	CCONJ
eistud-25726	72	13	corporate	corporate	ADJ
eistud-25726	72	14	-	-	PUNCT
eistud-25726	72	15	backed	back	VERB
eistud-25726	72	16	funds	fund	NOUN
eistud-25726	72	17	invest	invest	VERB
eistud-25726	72	18	globally	globally	ADV
eistud-25726	72	19	.	.	PUNCT
eistud-25726	73	1	financial	financial	ADJ
eistud-25726	73	2	intermediary	intermediary	NOUN
eistud-25726	73	3	-	-	PUNCT
eistud-25726	73	4	backed	back	VERB
eistud-25726	73	5	funds	fund	NOUN
eistud-25726	73	6	,	,	PUNCT
eistud-25726	73	7	therefore	therefore	ADV
eistud-25726	73	8	,	,	PUNCT
eistud-25726	73	9	are	be	AUX
eistud-25726	73	10	focused	focus	VERB
eistud-25726	73	11	on	on	ADP
eistud-25726	73	12	late	late	ADJ
eistud-25726	73	13	-	-	PUNCT
eistud-25726	73	14	stage	stage	NOUN
eistud-25726	73	15	investments	investment	NOUN
eistud-25726	73	16	in	in	ADP
eistud-25726	73	17	relatively	relatively	ADV
eistud-25726	73	18	low	low	ADJ
eistud-25726	73	19	-	-	PUNCT
eistud-25726	73	20	tech	tech	NOUN
eistud-25726	73	21	domestic	domestic	ADJ
eistud-25726	73	22	industries	industry	NOUN
eistud-25726	73	23	,	,	PUNCT
eistud-25726	73	24	while	while	SCONJ
eistud-25726	73	25	individual	individual	ADJ
eistud-25726	73	26	and	and	CCONJ
eistud-25726	73	27	corporate	corporate	ADJ
eistud-25726	73	28	-	-	PUNCT
eistud-25726	73	29	backed	back	VERB
eistud-25726	73	30	funds	fund	NOUN
eistud-25726	73	31	invest	invest	VERB
eistud-25726	73	32	globally	globally	ADV
eistud-25726	73	33	in	in	ADP
eistud-25726	73	34	early	early	ADJ
eistud-25726	73	35	-	-	PUNCT
eistud-25726	73	36	stage	stage	NOUN
eistud-25726	73	37	activities	activity	NOUN
eistud-25726	73	38	in	in	ADP
eistud-25726	73	39	high	high	ADJ
eistud-25726	73	40	-	-	PUNCT
eistud-25726	73	41	tech	tech	NOUN
eistud-25726	73	42	industries	industry	NOUN
eistud-25726	73	43	.	.	PUNCT
eistud-25726	74	1	it	it	PRON
eistud-25726	74	2	is	be	AUX
eistud-25726	74	3	obviously	obviously	ADV
eistud-25726	74	4	,	,	PUNCT
eistud-25726	74	5	that	that	PRON
eistud-25726	74	6	venture	venture	NOUN
eistud-25726	74	7	capital	capital	NOUN
eistud-25726	74	8	funds	fund	NOUN
eistud-25726	74	9	forms	form	VERB
eistud-25726	74	10	their	their	PRON
eistud-25726	74	11	investment	investment	NOUN
eistud-25726	74	12	strategies	strategy	NOUN
eistud-25726	74	13	according	accord	VERB
eistud-25726	74	14	to	to	ADP
eistud-25726	74	15	the	the	DET
eistud-25726	74	16	investors	investor	NOUN
eistud-25726	74	17	types	type	NOUN
eistud-25726	74	18	and	and	CCONJ
eistud-25726	74	19	financial	financial	ADJ
eistud-25726	74	20	system	system	NOUN
eistud-25726	74	21	,	,	PUNCT
eistud-25726	74	22	dominated	dominate	VERB
eistud-25726	74	23	in	in	ADP
eistud-25726	74	24	particular	particular	ADJ
eistud-25726	74	25	countries	country	NOUN
eistud-25726	74	26	.	.	PUNCT
eistud-25726	75	1	also	also	ADV
eistud-25726	75	2	,	,	PUNCT
eistud-25726	75	3	it	it	PRON
eistud-25726	75	4	is	be	AUX
eistud-25726	75	5	important	important	ADJ
eistud-25726	75	6	to	to	PART
eistud-25726	75	7	understand	understand	VERB
eistud-25726	75	8	,	,	PUNCT
eistud-25726	75	9	that	that	SCONJ
eistud-25726	75	10	various	various	ADJ
eistud-25726	75	11	investors	investor	NOUN
eistud-25726	75	12	has	have	VERB
eistud-25726	75	13	not	not	PART
eistud-25726	75	14	equal	equal	ADJ
eistud-25726	75	15	possibilities	possibility	NOUN
eistud-25726	75	16	to	to	PART
eistud-25726	75	17	invest	invest	VERB
eistud-25726	75	18	into	into	ADP
eistud-25726	75	19	risky	risky	ADJ
eistud-25726	75	20	venture	venture	NOUN
eistud-25726	75	21	capital	capital	NOUN
eistud-25726	75	22	(	(	PUNCT
eistud-25726	75	23	alen	alen	PROPN
eistud-25726	75	24	,	,	PUNCT
eistud-25726	75	25	gale	gale	NOUN
eistud-25726	75	26	,	,	PUNCT
eistud-25726	75	27	2000	2000	NUM
eistud-25726	75	28	)	)	PUNCT
eistud-25726	75	29	.	.	PUNCT
eistud-25726	76	1	as	as	ADP
eistud-25726	76	2	commercial	commercial	ADJ
eistud-25726	76	3	banks	bank	NOUN
eistud-25726	76	4	,	,	PUNCT
eistud-25726	76	5	pension	pension	NOUN
eistud-25726	76	6	funds	fund	NOUN
eistud-25726	76	7	,	,	PUNCT
eistud-25726	76	8	insurance	insurance	NOUN
eistud-25726	76	9	companies	company	NOUN
eistud-25726	76	10	are	be	AUX
eistud-25726	76	11	open	open	ADJ
eistud-25726	76	12	to	to	ADP
eistud-25726	76	13	various	various	ADJ
eistud-25726	76	14	decisions	decision	NOUN
eistud-25726	76	15	of	of	ADP
eistud-25726	76	16	risk	risk	NOUN
eistud-25726	76	17	diversification	diversification	NOUN
eistud-25726	76	18	,	,	PUNCT
eistud-25726	76	19	but	but	CCONJ
eistud-25726	76	20	their	their	PRON
eistud-25726	76	21	obligations	obligation	NOUN
eistud-25726	76	22	are	be	AUX
eistud-25726	76	23	long	long	ADJ
eistud-25726	76	24	-	-	PUNCT
eistud-25726	76	25	term	term	NOUN
eistud-25726	76	26	,	,	PUNCT
eistud-25726	76	27	which	which	PRON
eistud-25726	76	28	orientate	orientate	VERB
eistud-25726	76	29	investment	investment	NOUN
eistud-25726	76	30	into	into	ADP
eistud-25726	76	31	less	less	ADV
eistud-25726	76	32	risky	risky	ADJ
eistud-25726	76	33	sectors	sector	NOUN
eistud-25726	76	34	.	.	PUNCT
eistud-25726	77	1	the	the	DET
eistud-25726	77	2	sources	source	NOUN
eistud-25726	77	3	of	of	ADP
eistud-25726	77	4	venture	venture	NOUN
eistud-25726	77	5	capital	capital	NOUN
eistud-25726	77	6	funds	fund	NOUN
eistud-25726	77	7	depend	depend	VERB
eistud-25726	77	8	also	also	ADV
eistud-25726	77	9	on	on	ADP
eistud-25726	77	10	proceeding	proceed	VERB
eistud-25726	77	11	reforms	reform	NOUN
eistud-25726	77	12	in	in	ADP
eistud-25726	77	13	particular	particular	ADJ
eistud-25726	77	14	countries	country	NOUN
eistud-25726	77	15	,	,	PUNCT
eistud-25726	77	16	new	new	ADJ
eistud-25726	77	17	financial	financial	ADJ
eistud-25726	77	18	intermediaries	intermediary	NOUN
eistud-25726	77	19	and	and	CCONJ
eistud-25726	77	20	ongoing	ongoing	ADJ
eistud-25726	77	21	creation	creation	NOUN
eistud-25726	77	22	or	or	CCONJ
eistud-25726	77	23	development	development	NOUN
eistud-25726	77	24	of	of	ADP
eistud-25726	77	25	new	new	ADJ
eistud-25726	77	26	financial	financial	ADJ
eistud-25726	77	27	institutions	institution	NOUN
eistud-25726	77	28	.	.	PUNCT
eistud-25726	78	1	issn	issn	PROPN
eistud-25726	78	2	1822	1822	NUM
eistud-25726	78	3	-	-	SYM
eistud-25726	78	4	8402	8402	NUM
eistud-25726	78	5	european	european	ADJ
eistud-25726	78	6	integration	integration	NOUN
eistud-25726	78	7	studies	study	NOUN
eistud-25726	78	8	.	.	PUNCT
eistud-25726	79	1	2009	2009	NUM
eistud-25726	79	2	.	.	PUNCT
eistud-25726	80	1	no	no	DET
eistud-25726	80	2	3	3	NUM
eistud-25726	80	3	89	89	NUM
eistud-25726	80	4	the	the	DET
eistud-25726	80	5	features	feature	NOUN
eistud-25726	80	6	of	of	ADP
eistud-25726	80	7	pension	pension	NOUN
eistud-25726	80	8	funds	fund	NOUN
eistud-25726	80	9	activities	activity	NOUN
eistud-25726	80	10	in	in	ADP
eistud-25726	80	11	eu	eu	PROPN
eistud-25726	80	12	countries	country	NOUN
eistud-25726	80	13	due	due	ADJ
eistud-25726	80	14	to	to	ADP
eistud-25726	80	15	demographic	demographic	ADJ
eistud-25726	80	16	europe	europe	PROPN
eistud-25726	80	17	tendencies	tendency	NOUN
eistud-25726	80	18	,	,	PUNCT
eistud-25726	80	19	aging	age	VERB
eistud-25726	80	20	society	society	NOUN
eistud-25726	80	21	,	,	PUNCT
eistud-25726	80	22	pensions	pension	NOUN
eistud-25726	80	23	as	as	ADP
eistud-25726	80	24	financial	financial	ADJ
eistud-25726	80	25	stability	stability	NOUN
eistud-25726	80	26	for	for	ADP
eistud-25726	80	27	retired	retired	ADJ
eistud-25726	80	28	people	people	NOUN
eistud-25726	80	29	become	become	VERB
eistud-25726	80	30	one	one	NUM
eistud-25726	80	31	of	of	ADP
eistud-25726	80	32	the	the	DET
eistud-25726	80	33	major	major	ADJ
eistud-25726	80	34	priorities	priority	NOUN
eistud-25726	80	35	of	of	ADP
eistud-25726	80	36	governments	government	NOUN
eistud-25726	80	37	.	.	PUNCT
eistud-25726	81	1	mostly	mostly	ADV
eistud-25726	81	2	pension	pension	NOUN
eistud-25726	81	3	systems	system	NOUN
eistud-25726	81	4	in	in	ADP
eistud-25726	81	5	european	european	ADJ
eistud-25726	81	6	countries	country	NOUN
eistud-25726	81	7	are	be	AUX
eistud-25726	81	8	public	public	ADJ
eistud-25726	81	9	,	,	PUNCT
eistud-25726	81	10	where	where	SCONJ
eistud-25726	81	11	pension	pension	NOUN
eistud-25726	81	12	payments	payment	NOUN
eistud-25726	81	13	depend	depend	VERB
eistud-25726	81	14	on	on	ADP
eistud-25726	81	15	proportion	proportion	NOUN
eistud-25726	81	16	between	between	ADP
eistud-25726	81	17	working	work	VERB
eistud-25726	81	18	people	people	NOUN
eistud-25726	81	19	and	and	CCONJ
eistud-25726	81	20	paying	pay	VERB
eistud-25726	81	21	contribution	contribution	NOUN
eistud-25726	81	22	on	on	ADP
eistud-25726	81	23	social	social	ADJ
eistud-25726	81	24	insurance	insurance	NOUN
eistud-25726	81	25	people	people	NOUN
eistud-25726	81	26	.	.	PUNCT
eistud-25726	82	1	as	as	SCONJ
eistud-25726	82	2	european	european	ADJ
eistud-25726	82	3	countries	country	NOUN
eistud-25726	82	4	faces	face	VERB
eistud-25726	82	5	demographical	demographical	ADJ
eistud-25726	82	6	tendencies	tendency	NOUN
eistud-25726	82	7	as	as	ADP
eistud-25726	82	8	increasing	increase	VERB
eistud-25726	82	9	life	life	NOUN
eistud-25726	82	10	expectancy	expectancy	NOUN
eistud-25726	82	11	and	and	CCONJ
eistud-25726	82	12	declining	decline	VERB
eistud-25726	82	13	birth	birth	NOUN
eistud-25726	82	14	rates	rate	NOUN
eistud-25726	82	15	,	,	PUNCT
eistud-25726	82	16	countries	country	NOUN
eistud-25726	82	17	with	with	ADP
eistud-25726	82	18	public	public	ADJ
eistud-25726	82	19	pension	pension	NOUN
eistud-25726	82	20	reallocation	reallocation	NOUN
eistud-25726	82	21	systems	system	NOUN
eistud-25726	82	22	,	,	PUNCT
eistud-25726	82	23	may	may	AUX
eistud-25726	82	24	encounter	encounter	VERB
eistud-25726	82	25	incapability	incapability	NOUN
eistud-25726	82	26	to	to	PART
eistud-25726	82	27	ensure	ensure	VERB
eistud-25726	82	28	pensions	pension	NOUN
eistud-25726	82	29	for	for	ADP
eistud-25726	82	30	retired	retired	ADJ
eistud-25726	82	31	people	people	NOUN
eistud-25726	82	32	in	in	ADP
eistud-25726	82	33	near	near	ADJ
eistud-25726	82	34	future	future	NOUN
eistud-25726	82	35	.	.	PUNCT
eistud-25726	83	1	according	accord	VERB
eistud-25726	83	2	to	to	ADP
eistud-25726	83	3	eurostat	eurostat	PROPN
eistud-25726	83	4	data	data	PROPN
eistud-25726	83	5	(	(	PUNCT
eistud-25726	83	6	2008	2008	NUM
eistud-25726	83	7	)	)	PUNCT
eistud-25726	83	8	,	,	PUNCT
eistud-25726	83	9	the	the	DET
eistud-25726	83	10	old	old	ADJ
eistud-25726	83	11	age	age	NOUN
eistud-25726	83	12	dependency	dependency	NOUN
eistud-25726	83	13	ratio	ratio	NOUN
eistud-25726	83	14	is	be	AUX
eistud-25726	83	15	expected	expect	VERB
eistud-25726	83	16	to	to	PART
eistud-25726	83	17	increase	increase	VERB
eistud-25726	83	18	substantially	substantially	ADV
eistud-25726	83	19	from	from	ADP
eistud-25726	83	20	its	its	PRON
eistud-25726	83	21	current	current	ADJ
eistud-25726	83	22	levels	level	NOUN
eistud-25726	83	23	of	of	ADP
eistud-25726	83	24	25.4	25.4	NUM
eistud-25726	83	25	%	%	NOUN
eistud-25726	83	26	to	to	ADP
eistud-25726	83	27	53.5	53.5	NUM
eistud-25726	83	28	%	%	NOUN
eistud-25726	83	29	in	in	ADP
eistud-25726	83	30	2060	2060	NUM
eistud-25726	83	31	.	.	PUNCT
eistud-25726	84	1	whereas	whereas	SCONJ
eistud-25726	84	2	in	in	ADP
eistud-25726	84	3	2008	2008	NUM
eistud-25726	84	4	in	in	ADP
eistud-25726	84	5	the	the	DET
eistud-25726	84	6	eu27	eu27	PROPN
eistud-25726	84	7	there	there	PRON
eistud-25726	84	8	are	be	VERB
eistud-25726	84	9	4	4	NUM
eistud-25726	84	10	persons	person	NOUN
eistud-25726	84	11	of	of	ADP
eistud-25726	84	12	working	work	VERB
eistud-25726	84	13	age	age	NOUN
eistud-25726	84	14	(	(	PUNCT
eistud-25726	84	15	15	15	NUM
eistud-25726	84	16	-	-	SYM
eistud-25726	84	17	64	64	NUM
eistud-25726	84	18	years	year	NOUN
eistud-25726	84	19	old	old	ADJ
eistud-25726	84	20	)	)	PUNCT
eistud-25726	84	21	for	for	ADP
eistud-25726	84	22	every	every	DET
eistud-25726	84	23	person	person	NOUN
eistud-25726	84	24	aged	age	VERB
eistud-25726	84	25	65	65	NUM
eistud-25726	84	26	years	year	NOUN
eistud-25726	84	27	or	or	CCONJ
eistud-25726	84	28	over	over	ADV
eistud-25726	84	29	;	;	PUNCT
eistud-25726	84	30	in	in	ADP
eistud-25726	84	31	2060	2060	NUM
eistud-25726	84	32	the	the	DET
eistud-25726	84	33	ratio	ratio	NOUN
eistud-25726	84	34	is	be	AUX
eistud-25726	84	35	expected	expect	VERB
eistud-25726	84	36	to	to	PART
eistud-25726	84	37	be	be	AUX
eistud-25726	84	38	2	2	NUM
eistud-25726	84	39	to	to	ADP
eistud-25726	84	40	1	1	NUM
eistud-25726	84	41	.	.	PUNCT
eistud-25726	85	1	this	this	DET
eistud-25726	85	2	situation	situation	NOUN
eistud-25726	85	3	requires	require	VERB
eistud-25726	85	4	the	the	DET
eistud-25726	85	5	creation	creation	NOUN
eistud-25726	85	6	of	of	ADP
eistud-25726	85	7	private	private	ADJ
eistud-25726	85	8	pension	pension	NOUN
eistud-25726	85	9	systems	system	NOUN
eistud-25726	85	10	and	and	CCONJ
eistud-25726	85	11	long	long	ADJ
eistud-25726	85	12	-	-	PUNCT
eistud-25726	85	13	term	term	NOUN
eistud-25726	85	14	growth	growth	NOUN
eistud-25726	85	15	of	of	ADP
eistud-25726	85	16	economy	economy	NOUN
eistud-25726	85	17	in	in	ADP
eistud-25726	85	18	short	short	ADJ
eistud-25726	85	19	time	time	NOUN
eistud-25726	85	20	period	period	NOUN
eistud-25726	85	21	.	.	PUNCT
eistud-25726	86	1	also	also	ADV
eistud-25726	86	2	,	,	PUNCT
eistud-25726	86	3	the	the	DET
eistud-25726	86	4	governments	government	NOUN
eistud-25726	86	5	must	must	AUX
eistud-25726	86	6	determine	determine	VERB
eistud-25726	86	7	how	how	SCONJ
eistud-25726	86	8	the	the	DET
eistud-25726	86	9	pension	pension	NOUN
eistud-25726	86	10	funds	fund	NOUN
eistud-25726	86	11	must	must	AUX
eistud-25726	86	12	be	be	AUX
eistud-25726	86	13	managed	manage	VERB
eistud-25726	86	14	,	,	PUNCT
eistud-25726	86	15	publicly	publicly	ADV
eistud-25726	86	16	or	or	CCONJ
eistud-25726	86	17	privately	privately	ADV
eistud-25726	86	18	,	,	PUNCT
eistud-25726	86	19	even	even	ADV
eistud-25726	86	20	taking	take	VERB
eistud-25726	86	21	into	into	ADP
eistud-25726	86	22	account	account	NOUN
eistud-25726	86	23	,	,	PUNCT
eistud-25726	86	24	that	that	PRON
eistud-25726	86	25	private	private	ADJ
eistud-25726	86	26	pension	pension	NOUN
eistud-25726	86	27	systems	system	NOUN
eistud-25726	86	28	have	have	VERB
eistud-25726	86	29	advantages	advantage	NOUN
eistud-25726	86	30	comparing	compare	VERB
eistud-25726	86	31	with	with	ADP
eistud-25726	86	32	public	public	ADJ
eistud-25726	86	33	systems	system	NOUN
eistud-25726	86	34	(	(	PUNCT
eistud-25726	86	35	cebi	cebi	ADJ
eistud-25726	86	36	,	,	PUNCT
eistud-25726	86	37	thorning	thorning	NOUN
eistud-25726	86	38	,	,	PUNCT
eistud-25726	86	39	2004	2004	NUM
eistud-25726	86	40	)	)	PUNCT
eistud-25726	86	41	.	.	PUNCT
eistud-25726	87	1	private	private	ADJ
eistud-25726	87	2	pension	pension	NOUN
eistud-25726	87	3	systems	system	NOUN
eistud-25726	87	4	further	far	ADV
eistud-25726	87	5	the	the	DET
eistud-25726	87	6	development	development	NOUN
eistud-25726	87	7	of	of	ADP
eistud-25726	87	8	capital	capital	NOUN
eistud-25726	87	9	markets	market	NOUN
eistud-25726	87	10	,	,	PUNCT
eistud-25726	87	11	reduce	reduce	VERB
eistud-25726	87	12	capital	capital	NOUN
eistud-25726	87	13	costs	cost	NOUN
eistud-25726	87	14	,	,	PUNCT
eistud-25726	87	15	reduce	reduce	VERB
eistud-25726	87	16	stock	stock	NOUN
eistud-25726	87	17	prices	price	NOUN
eistud-25726	87	18	fluctuations	fluctuation	NOUN
eistud-25726	87	19	,	,	PUNCT
eistud-25726	87	20	and	and	CCONJ
eistud-25726	87	21	increase	increase	VERB
eistud-25726	87	22	trade	trade	NOUN
eistud-25726	87	23	turnovers	turnover	NOUN
eistud-25726	87	24	.	.	PUNCT
eistud-25726	88	1	private	private	ADJ
eistud-25726	88	2	pension	pension	NOUN
eistud-25726	88	3	systems	system	NOUN
eistud-25726	88	4	increase	increase	VERB
eistud-25726	88	5	investments	investment	NOUN
eistud-25726	88	6	,	,	PUNCT
eistud-25726	88	7	also	also	ADV
eistud-25726	88	8	encourage	encourage	VERB
eistud-25726	88	9	economical	economical	ADJ
eistud-25726	88	10	growth	growth	NOUN
eistud-25726	88	11	and	and	CCONJ
eistud-25726	88	12	productivity	productivity	NOUN
eistud-25726	88	13	.	.	PUNCT
eistud-25726	89	1	raising	raise	VERB
eistud-25726	89	2	finance	finance	NOUN
eistud-25726	89	3	through	through	ADP
eistud-25726	89	4	pension	pension	NOUN
eistud-25726	89	5	funds	fund	NOUN
eistud-25726	89	6	may	may	AUX
eistud-25726	89	7	be	be	AUX
eistud-25726	89	8	vital	vital	ADJ
eistud-25726	89	9	for	for	ADP
eistud-25726	89	10	less	less	ADV
eistud-25726	89	11	developed	develop	VERB
eistud-25726	89	12	eu	eu	PROPN
eistud-25726	89	13	countries	country	NOUN
eistud-25726	89	14	.	.	PUNCT
eistud-25726	90	1	private	private	ADJ
eistud-25726	90	2	pension	pension	NOUN
eistud-25726	90	3	systems	system	NOUN
eistud-25726	90	4	generate	generate	VERB
eistud-25726	90	5	higher	high	ADJ
eistud-25726	90	6	investment	investment	NOUN
eistud-25726	90	7	returns	return	NOUN
eistud-25726	90	8	(	(	PUNCT
eistud-25726	90	9	iglesias	iglesias	PROPN
eistud-25726	90	10	,	,	PUNCT
eistud-25726	90	11	palacios	palacio	NOUN
eistud-25726	90	12	,	,	PUNCT
eistud-25726	90	13	2000	2000	NUM
eistud-25726	90	14	)	)	PUNCT
eistud-25726	90	15	,	,	PUNCT
eistud-25726	90	16	but	but	CCONJ
eistud-25726	90	17	their	their	PRON
eistud-25726	90	18	risk	risk	NOUN
eistud-25726	90	19	is	be	AUX
eistud-25726	90	20	smaller	small	ADJ
eistud-25726	90	21	comparing	comparing	NOUN
eistud-25726	90	22	with	with	ADP
eistud-25726	90	23	public	public	ADJ
eistud-25726	90	24	systems	system	NOUN
eistud-25726	90	25	.	.	PUNCT
eistud-25726	91	1	despite	despite	SCONJ
eistud-25726	91	2	of	of	ADP
eistud-25726	91	3	the	the	DET
eistud-25726	91	4	countries	country	NOUN
eistud-25726	91	5	governments	government	NOUN
eistud-25726	91	6	’	'	PUNCT
eistud-25726	91	7	efforts	effort	NOUN
eistud-25726	91	8	to	to	PART
eistud-25726	91	9	create	create	VERB
eistud-25726	91	10	private	private	ADJ
eistud-25726	91	11	pension	pension	NOUN
eistud-25726	91	12	systems	system	NOUN
eistud-25726	91	13	,	,	PUNCT
eistud-25726	91	14	pension	pension	NOUN
eistud-25726	91	15	funds	fund	NOUN
eistud-25726	91	16	in	in	ADP
eistud-25726	91	17	eu	eu	PROPN
eistud-25726	91	18	countries	country	NOUN
eistud-25726	91	19	make	make	VERB
eistud-25726	91	20	not	not	PART
eistud-25726	91	21	more	more	ADJ
eistud-25726	91	22	than	than	ADP
eistud-25726	91	23	30	30	NUM
eistud-25726	91	24	%	%	NOUN
eistud-25726	91	25	of	of	ADP
eistud-25726	91	26	gdp	gdp	NOUN
eistud-25726	91	27	,	,	PUNCT
eistud-25726	91	28	comparing	compare	VERB
eistud-25726	91	29	with	with	ADP
eistud-25726	91	30	75.5	75.5	NUM
eistud-25726	91	31	%	%	NOUN
eistud-25726	91	32	average	average	NOUN
eistud-25726	91	33	in	in	ADP
eistud-25726	91	34	oecd	oecd	PROPN
eistud-25726	91	35	countries	country	NOUN
eistud-25726	91	36	.	.	PUNCT
eistud-25726	92	1	pension	pension	NOUN
eistud-25726	92	2	funds	fund	NOUN
eistud-25726	92	3	play	play	VERB
eistud-25726	92	4	more	more	ADV
eistud-25726	92	5	significant	significant	ADJ
eistud-25726	92	6	role	role	NOUN
eistud-25726	92	7	only	only	ADV
eistud-25726	92	8	in	in	ADP
eistud-25726	92	9	the	the	DET
eistud-25726	92	10	economies	economy	NOUN
eistud-25726	92	11	of	of	ADP
eistud-25726	92	12	netherlands	netherland	NOUN
eistud-25726	92	13	,	,	PUNCT
eistud-25726	92	14	great	great	ADJ
eistud-25726	92	15	britain	britain	PROPN
eistud-25726	92	16	,	,	PUNCT
eistud-25726	92	17	and	and	CCONJ
eistud-25726	92	18	,	,	PUNCT
eistud-25726	92	19	in	in	ADP
eistud-25726	92	20	smaller	small	ADJ
eistud-25726	92	21	extent	extent	NOUN
eistud-25726	92	22	,	,	PUNCT
eistud-25726	92	23	in	in	ADP
eistud-25726	92	24	sweden	sweden	PROPN
eistud-25726	92	25	and	and	CCONJ
eistud-25726	92	26	ireland	ireland	PROPN
eistud-25726	92	27	(	(	PUNCT
eistud-25726	92	28	fig.2	fig.2	PROPN
eistud-25726	92	29	)	)	PUNCT
eistud-25726	92	30	.	.	PUNCT
eistud-25726	93	1	as	as	SCONJ
eistud-25726	93	2	nobody	nobody	PRON
eistud-25726	93	3	can	can	AUX
eistud-25726	93	4	ensure	ensure	VERB
eistud-25726	93	5	the	the	DET
eistud-25726	93	6	concrete	concrete	ADJ
eistud-25726	93	7	pension	pension	NOUN
eistud-25726	93	8	funds	fund	NOUN
eistud-25726	93	9	investment	investment	NOUN
eistud-25726	93	10	return	return	NOUN
eistud-25726	93	11	in	in	ADP
eistud-25726	93	12	future	future	NOUN
eistud-25726	93	13	and	and	CCONJ
eistud-25726	93	14	fluctuations	fluctuation	NOUN
eistud-25726	93	15	of	of	ADP
eistud-25726	93	16	investment	investment	NOUN
eistud-25726	93	17	returns	return	NOUN
eistud-25726	93	18	are	be	AUX
eistud-25726	93	19	quite	quite	ADV
eistud-25726	93	20	significant	significant	ADJ
eistud-25726	93	21	,	,	PUNCT
eistud-25726	93	22	private	private	ADJ
eistud-25726	93	23	pension	pension	NOUN
eistud-25726	93	24	funds	fund	NOUN
eistud-25726	93	25	must	must	AUX
eistud-25726	93	26	target	target	VERB
eistud-25726	93	27	investments	investment	NOUN
eistud-25726	93	28	into	into	ADP
eistud-25726	93	29	assets	asset	NOUN
eistud-25726	93	30	class	class	NOUN
eistud-25726	93	31	in	in	ADP
eistud-25726	93	32	investment	investment	NOUN
eistud-25726	93	33	portfolio	portfolio	NOUN
eistud-25726	93	34	(	(	PUNCT
eistud-25726	93	35	antolin	antolin	NOUN
eistud-25726	93	36	,	,	PUNCT
eistud-25726	93	37	2008	2008	NUM
eistud-25726	93	38	)	)	PUNCT
eistud-25726	93	39	with	with	ADP
eistud-25726	93	40	higher	high	ADJ
eistud-25726	93	41	returns	return	NOUN
eistud-25726	93	42	.	.	PUNCT
eistud-25726	94	1	investment	investment	NOUN
eistud-25726	94	2	into	into	ADP
eistud-25726	94	3	venture	venture	NOUN
eistud-25726	94	4	capital	capital	NOUN
eistud-25726	94	5	can	can	AUX
eistud-25726	94	6	provide	provide	VERB
eistud-25726	94	7	a	a	DET
eistud-25726	94	8	higher	high	ADJ
eistud-25726	94	9	financial	financial	ADJ
eistud-25726	94	10	return	return	NOUN
eistud-25726	94	11	comparing	compare	VERB
eistud-25726	94	12	with	with	ADP
eistud-25726	94	13	average	average	ADJ
eistud-25726	94	14	in	in	ADP
eistud-25726	94	15	financial	financial	ADJ
eistud-25726	94	16	marker	marker	NOUN
eistud-25726	94	17	.	.	PUNCT
eistud-25726	95	1	in	in	ADP
eistud-25726	95	2	countries	country	NOUN
eistud-25726	95	3	,	,	PUNCT
eistud-25726	95	4	where	where	SCONJ
eistud-25726	95	5	supervisory	supervisory	ADJ
eistud-25726	95	6	institutions	institution	NOUN
eistud-25726	95	7	and	and	CCONJ
eistud-25726	95	8	legal	legal	ADJ
eistud-25726	95	9	acts	act	NOUN
eistud-25726	95	10	allow	allow	VERB
eistud-25726	95	11	pension	pension	NOUN
eistud-25726	95	12	funds	fund	NOUN
eistud-25726	95	13	,	,	PUNCT
eistud-25726	95	14	as	as	ADP
eistud-25726	95	15	institutional	institutional	ADJ
eistud-25726	95	16	investors	investor	NOUN
eistud-25726	95	17	,	,	PUNCT
eistud-25726	95	18	to	to	PART
eistud-25726	95	19	diversify	diversify	VERB
eistud-25726	95	20	the	the	DET
eistud-25726	95	21	investment	investment	NOUN
eistud-25726	95	22	portfolio	portfolio	NOUN
eistud-25726	95	23	by	by	ADP
eistud-25726	95	24	choosing	choose	VERB
eistud-25726	95	25	venture	venture	NOUN
eistud-25726	95	26	capital	capital	NOUN
eistud-25726	95	27	,	,	PUNCT
eistud-25726	95	28	has	have	AUX
eistud-25726	95	29	already	already	ADV
eistud-25726	95	30	showed	show	VERB
eistud-25726	95	31	dramatic	dramatic	ADJ
eistud-25726	95	32	input	input	NOUN
eistud-25726	95	33	into	into	ADP
eistud-25726	95	34	results	result	NOUN
eistud-25726	95	35	of	of	ADP
eistud-25726	95	36	pension	pension	NOUN
eistud-25726	95	37	funds	fund	NOUN
eistud-25726	95	38	returns	return	NOUN
eistud-25726	95	39	.	.	PUNCT
eistud-25726	96	1	fig	fig	NOUN
eistud-25726	96	2	.	.	PUNCT
eistud-25726	97	1	2	2	NUM
eistud-25726	97	2	.the	.the	DET
eistud-25726	97	3	assets	asset	NOUN
eistud-25726	97	4	of	of	ADP
eistud-25726	97	5	pension	pension	NOUN
eistud-25726	97	6	funds	fund	NOUN
eistud-25726	97	7	in	in	ADP
eistud-25726	97	8	various	various	ADJ
eistud-25726	97	9	countries	country	NOUN
eistud-25726	97	10	(	(	PUNCT
eistud-25726	97	11	%	%	NOUN
eistud-25726	97	12	of	of	ADP
eistud-25726	97	13	gdp	gdp	NOUN
eistud-25726	97	14	,	,	PUNCT
eistud-25726	97	15	2007	2007	NUM
eistud-25726	97	16	)	)	PUNCT
eistud-25726	97	17	(	(	PUNCT
eistud-25726	97	18	according	accord	VERB
eistud-25726	97	19	to	to	ADP
eistud-25726	97	20	oecd	oecd	PROPN
eistud-25726	97	21	,	,	PUNCT
eistud-25726	97	22	2008	2008	NUM
eistud-25726	97	23	)	)	PUNCT
eistud-25726	97	24	the	the	DET
eistud-25726	97	25	relation	relation	NOUN
eistud-25726	97	26	between	between	ADP
eistud-25726	97	27	venture	venture	NOUN
eistud-25726	97	28	capital	capital	NOUN
eistud-25726	97	29	investments	investment	NOUN
eistud-25726	97	30	and	and	CCONJ
eistud-25726	97	31	pension	pension	NOUN
eistud-25726	97	32	funds	fund	NOUN
eistud-25726	97	33	pension	pension	NOUN
eistud-25726	97	34	funds	fund	NOUN
eistud-25726	97	35	are	be	AUX
eistud-25726	97	36	one	one	NUM
eistud-25726	97	37	of	of	ADP
eistud-25726	97	38	the	the	DET
eistud-25726	97	39	financial	financial	ADJ
eistud-25726	97	40	sources	source	NOUN
eistud-25726	97	41	for	for	ADP
eistud-25726	97	42	venture	venture	NOUN
eistud-25726	97	43	capital	capital	NOUN
eistud-25726	97	44	funds	fund	NOUN
eistud-25726	97	45	rising	rise	VERB
eistud-25726	97	46	.	.	PUNCT
eistud-25726	98	1	(	(	PUNCT
eistud-25726	98	2	fig.3	fig.3	PROPN
eistud-25726	98	3	)	)	PUNCT
eistud-25726	98	4	.	.	PUNCT
eistud-25726	99	1	pension	pension	NOUN
eistud-25726	99	2	funds	fund	NOUN
eistud-25726	99	3	investments	investment	NOUN
eistud-25726	99	4	,	,	PUNCT
eistud-25726	99	5	which	which	PRON
eistud-25726	99	6	are	be	AUX
eistud-25726	99	7	raised	raise	VERB
eistud-25726	99	8	by	by	ADP
eistud-25726	99	9	saving	save	VERB
eistud-25726	99	10	accounts	account	NOUN
eistud-25726	99	11	,	,	PUNCT
eistud-25726	99	12	pension	pension	NOUN
eistud-25726	99	13	plans	plan	NOUN
eistud-25726	99	14	in	in	ADP
eistud-25726	99	15	pension	pension	NOUN
eistud-25726	99	16	systems	system	NOUN
eistud-25726	99	17	,	,	PUNCT
eistud-25726	99	18	can	can	AUX
eistud-25726	99	19	be	be	AUX
eistud-25726	99	20	reinvested	reinveste	VERB
eistud-25726	99	21	into	into	ADP
eistud-25726	99	22	venture	venture	NOUN
eistud-25726	99	23	capital	capital	NOUN
eistud-25726	99	24	funds	fund	NOUN
eistud-25726	99	25	for	for	ADP
eistud-25726	99	26	getting	get	VERB
eistud-25726	99	27	particular	particular	ADJ
eistud-25726	99	28	repayment	repayment	NOUN
eistud-25726	99	29	and	and	CCONJ
eistud-25726	99	30	capital	capital	NOUN
eistud-25726	99	31	gains	gain	NOUN
eistud-25726	99	32	.	.	PUNCT
eistud-25726	100	1	fig	fig	NOUN
eistud-25726	100	2	.	.	PUNCT
eistud-25726	101	1	3	3	X
eistud-25726	101	2	.	.	X
eistud-25726	101	3	the	the	DET
eistud-25726	101	4	link	link	NOUN
eistud-25726	101	5	between	between	ADP
eistud-25726	101	6	pension	pension	NOUN
eistud-25726	101	7	funds	fund	NOUN
eistud-25726	101	8	and	and	CCONJ
eistud-25726	101	9	venture	venture	NOUN
eistud-25726	101	10	capital	capital	NOUN
eistud-25726	101	11	(	(	PUNCT
eistud-25726	101	12	evca	evca	PROPN
eistud-25726	101	13	2001	2001	NUM
eistud-25726	101	14	)	)	PUNCT
eistud-25726	101	15	issn	issn	PROPN
eistud-25726	101	16	1822	1822	NUM
eistud-25726	101	17	-	-	SYM
eistud-25726	101	18	8402	8402	NUM
eistud-25726	101	19	european	european	ADJ
eistud-25726	101	20	integration	integration	NOUN
eistud-25726	101	21	studies	study	NOUN
eistud-25726	101	22	.	.	PUNCT
eistud-25726	102	1	2009	2009	NUM
eistud-25726	102	2	.	.	PUNCT
eistud-25726	103	1	no	no	DET
eistud-25726	103	2	3	3	NUM
eistud-25726	103	3	90	90	NUM
eistud-25726	103	4	theoretically	theoretically	ADV
eistud-25726	103	5	,	,	PUNCT
eistud-25726	103	6	pension	pension	NOUN
eistud-25726	103	7	funds	fund	NOUN
eistud-25726	103	8	investments	investment	NOUN
eistud-25726	103	9	in	in	ADP
eistud-25726	103	10	eu	eu	PROPN
eistud-25726	103	11	can	can	AUX
eistud-25726	103	12	not	not	PART
eistud-25726	103	13	be	be	AUX
eistud-25726	103	14	limited	limit	VERB
eistud-25726	103	15	by	by	ADP
eistud-25726	103	16	investment	investment	NOUN
eistud-25726	103	17	into	into	ADP
eistud-25726	103	18	private	private	ADJ
eistud-25726	103	19	capital	capital	NOUN
eistud-25726	103	20	.	.	PUNCT
eistud-25726	104	1	but	but	CCONJ
eistud-25726	104	2	in	in	ADP
eistud-25726	104	3	particular	particular	ADJ
eistud-25726	104	4	markets	market	NOUN
eistud-25726	104	5	,	,	PUNCT
eistud-25726	104	6	free	free	ADJ
eistud-25726	104	7	reallocation	reallocation	NOUN
eistud-25726	104	8	of	of	ADP
eistud-25726	104	9	pension	pension	NOUN
eistud-25726	104	10	funds	fund	NOUN
eistud-25726	104	11	assets	asset	NOUN
eistud-25726	104	12	is	be	AUX
eistud-25726	104	13	restricted	restrict	VERB
eistud-25726	104	14	due	due	ADJ
eistud-25726	104	15	to	to	ADP
eistud-25726	104	16	unfavorable	unfavorable	ADJ
eistud-25726	104	17	fiscal	fiscal	ADJ
eistud-25726	104	18	policy	policy	NOUN
eistud-25726	104	19	and	and	CCONJ
eistud-25726	104	20	regulation	regulation	NOUN
eistud-25726	104	21	,	,	PUNCT
eistud-25726	104	22	which	which	PRON
eistud-25726	104	23	hampers	hamper	VERB
eistud-25726	104	24	pension	pension	NOUN
eistud-25726	104	25	funds	fund	NOUN
eistud-25726	104	26	investments	investment	NOUN
eistud-25726	104	27	in	in	ADP
eistud-25726	104	28	venture	venture	NOUN
eistud-25726	104	29	capital	capital	NOUN
eistud-25726	104	30	.	.	PUNCT
eistud-25726	105	1	these	these	DET
eistud-25726	105	2	restrictions	restriction	NOUN
eistud-25726	105	3	reduce	reduce	VERB
eistud-25726	105	4	the	the	DET
eistud-25726	105	5	potential	potential	ADJ
eistud-25726	105	6	ability	ability	NOUN
eistud-25726	105	7	to	to	PART
eistud-25726	105	8	gain	gain	VERB
eistud-25726	105	9	higher	high	ADJ
eistud-25726	105	10	return	return	NOUN
eistud-25726	105	11	on	on	ADP
eistud-25726	105	12	venture	venture	NOUN
eistud-25726	105	13	-	-	PUNCT
eistud-25726	105	14	backed	back	VERB
eistud-25726	105	15	investments	investment	NOUN
eistud-25726	105	16	.	.	PUNCT
eistud-25726	106	1	yet	yet	ADV
eistud-25726	106	2	in	in	ADP
eistud-25726	106	3	1999	1999	NUM
eistud-25726	106	4	us	us	PROPN
eistud-25726	106	5	pension	pension	NOUN
eistud-25726	106	6	funds	fund	NOUN
eistud-25726	106	7	amounted	amount	VERB
eistud-25726	106	8	to	to	ADP
eistud-25726	106	9	38	38	NUM
eistud-25726	106	10	%	%	NOUN
eistud-25726	106	11	of	of	ADP
eistud-25726	106	12	all	all	DET
eistud-25726	106	13	venture	venture	NOUN
eistud-25726	106	14	capital	capital	NOUN
eistud-25726	106	15	financial	financial	ADJ
eistud-25726	106	16	sources	source	NOUN
eistud-25726	106	17	(	(	PUNCT
eistud-25726	106	18	jeng	jeng	PROPN
eistud-25726	106	19	,	,	PUNCT
eistud-25726	106	20	wells	wells	PROPN
eistud-25726	106	21	,	,	PUNCT
eistud-25726	106	22	2000	2000	NUM
eistud-25726	106	23	)	)	PUNCT
eistud-25726	106	24	.	.	PUNCT
eistud-25726	107	1	empirical	empirical	ADJ
eistud-25726	107	2	researches	research	NOUN
eistud-25726	107	3	show	show	VERB
eistud-25726	107	4	,	,	PUNCT
eistud-25726	107	5	that	that	SCONJ
eistud-25726	107	6	after	after	ADP
eistud-25726	107	7	1979	1979	NUM
eistud-25726	107	8	us	us	PROPN
eistud-25726	107	9	labor	labor	PROPN
eistud-25726	107	10	department	department	PROPN
eistud-25726	107	11	relaxation	relaxation	NOUN
eistud-25726	107	12	of	of	ADP
eistud-25726	107	13	the	the	DET
eistud-25726	107	14	employee	employee	NOUN
eistud-25726	107	15	retirement	retirement	PROPN
eistud-25726	107	16	income	income	PROPN
eistud-25726	107	17	security	security	PROPN
eistud-25726	107	18	act	act	PROPN
eistud-25726	107	19	(	(	PUNCT
eistud-25726	107	20	erisa	erisa	NOUN
eistud-25726	107	21	)	)	PUNCT
eistud-25726	107	22	,	,	PUNCT
eistud-25726	107	23	allowing	allow	VERB
eistud-25726	107	24	pension	pension	NOUN
eistud-25726	107	25	funds	fund	NOUN
eistud-25726	107	26	to	to	PART
eistud-25726	107	27	invest	invest	VERB
eistud-25726	107	28	into	into	ADP
eistud-25726	107	29	venture	venture	NOUN
eistud-25726	107	30	capital	capital	NOUN
eistud-25726	107	31	,	,	PUNCT
eistud-25726	107	32	the	the	DET
eistud-25726	107	33	venture	venture	NOUN
eistud-25726	107	34	capital	capital	NOUN
eistud-25726	107	35	market	market	NOUN
eistud-25726	107	36	increased	increase	VERB
eistud-25726	107	37	by	by	ADP
eistud-25726	107	38	from	from	ADP
eistud-25726	107	39	39	39	NUM
eistud-25726	107	40	million	million	NUM
eistud-25726	107	41	usd	usd	NOUN
eistud-25726	107	42	to	to	ADP
eistud-25726	107	43	570	570	NUM
eistud-25726	107	44	million	million	NUM
eistud-25726	107	45	usd	usd	NOUN
eistud-25726	107	46	just	just	ADV
eistud-25726	107	47	one	one	NUM
eistud-25726	107	48	year	year	NOUN
eistud-25726	107	49	later	later	ADV
eistud-25726	107	50	(	(	PUNCT
eistud-25726	107	51	gompers	gomper	NOUN
eistud-25726	107	52	,	,	PUNCT
eistud-25726	107	53	lerner	lerner	PROPN
eistud-25726	107	54	1998	1998	NUM
eistud-25726	107	55	)	)	PUNCT
eistud-25726	107	56	fig	fig	NOUN
eistud-25726	107	57	.	.	PUNCT
eistud-25726	108	1	4	4	X
eistud-25726	108	2	.	.	X
eistud-25726	108	3	main	main	ADJ
eistud-25726	108	4	sources	source	NOUN
eistud-25726	108	5	of	of	ADP
eistud-25726	108	6	venture	venture	NOUN
eistud-25726	108	7	capital	capital	NOUN
eistud-25726	108	8	finance	finance	NOUN
eistud-25726	108	9	20032007	20032007	NUM
eistud-25726	108	10	in	in	ADP
eistud-25726	108	11	eu	eu	PROPN
eistud-25726	108	12	(	(	PUNCT
eistud-25726	108	13	according	accord	VERB
eistud-25726	108	14	to	to	ADP
eistud-25726	108	15	evca	evca	NOUN
eistud-25726	108	16	,	,	PUNCT
eistud-25726	108	17	2007	2007	NUM
eistud-25726	108	18	)	)	PUNCT
eistud-25726	108	19	though	though	SCONJ
eistud-25726	108	20	commercial	commercial	ADJ
eistud-25726	108	21	banks	bank	NOUN
eistud-25726	108	22	dominated	dominate	VERB
eistud-25726	108	23	in	in	ADP
eistud-25726	108	24	european	european	ADJ
eistud-25726	108	25	venture	venture	NOUN
eistud-25726	108	26	capital	capital	NOUN
eistud-25726	108	27	market	market	NOUN
eistud-25726	108	28	,	,	PUNCT
eistud-25726	108	29	after	after	SCONJ
eistud-25726	108	30	2000	2000	NUM
eistud-25726	108	31	pension	pension	NOUN
eistud-25726	108	32	funds	fund	NOUN
eistud-25726	108	33	started	start	VERB
eistud-25726	108	34	to	to	PART
eistud-25726	108	35	gain	gain	VERB
eistud-25726	108	36	a	a	DET
eistud-25726	108	37	greater	great	ADJ
eistud-25726	108	38	influence	influence	NOUN
eistud-25726	108	39	in	in	ADP
eistud-25726	108	40	venture	venture	NOUN
eistud-25726	108	41	capital	capital	NOUN
eistud-25726	108	42	investments	investment	NOUN
eistud-25726	108	43	(	(	PUNCT
eistud-25726	108	44	schertler	schertler	NOUN
eistud-25726	108	45	,	,	PUNCT
eistud-25726	108	46	2001	2001	NUM
eistud-25726	108	47	)	)	PUNCT
eistud-25726	108	48	.	.	PUNCT
eistud-25726	109	1	main	main	ADJ
eistud-25726	109	2	investors	investor	NOUN
eistud-25726	109	3	in	in	ADP
eistud-25726	109	4	venture	venture	NOUN
eistud-25726	109	5	capital	capital	NOUN
eistud-25726	109	6	funds	fund	NOUN
eistud-25726	109	7	in	in	ADP
eistud-25726	109	8	eu	eu	PROPN
eistud-25726	109	9	countries	country	NOUN
eistud-25726	109	10	in	in	ADP
eistud-25726	109	11	2003	2003	NUM
eistud-25726	109	12	-	-	SYM
eistud-25726	109	13	2007	2007	NUM
eistud-25726	109	14	period	period	NOUN
eistud-25726	109	15	are	be	AUX
eistud-25726	109	16	pension	pension	NOUN
eistud-25726	109	17	funds	fund	NOUN
eistud-25726	109	18	(	(	PUNCT
eistud-25726	109	19	23	23	NUM
eistud-25726	109	20	%	%	NOUN
eistud-25726	109	21	)	)	PUNCT
eistud-25726	109	22	,	,	PUNCT
eistud-25726	109	23	banks	bank	NOUN
eistud-25726	109	24	(	(	PUNCT
eistud-25726	109	25	15.6	15.6	NUM
eistud-25726	109	26	)	)	PUNCT
eistud-25726	109	27	(	(	PUNCT
eistud-25726	109	28	fig.4	fig.4	NOUN
eistud-25726	109	29	)	)	PUNCT
eistud-25726	109	30	main	main	ADJ
eistud-25726	109	31	obstacles	obstacle	NOUN
eistud-25726	109	32	and	and	CCONJ
eistud-25726	109	33	stimulating	stimulate	VERB
eistud-25726	109	34	instruments	instrument	NOUN
eistud-25726	109	35	of	of	ADP
eistud-25726	109	36	venture	venture	NOUN
eistud-25726	109	37	capital	capital	NOUN
eistud-25726	109	38	investments	investment	NOUN
eistud-25726	109	39	development	development	NOUN
eistud-25726	109	40	through	through	ADP
eistud-25726	109	41	pension	pension	NOUN
eistud-25726	109	42	funds	fund	NOUN
eistud-25726	109	43	for	for	ADP
eistud-25726	109	44	venture	venture	NOUN
eistud-25726	109	45	capital	capital	NOUN
eistud-25726	109	46	market	market	NOUN
eistud-25726	109	47	development	development	NOUN
eistud-25726	109	48	,	,	PUNCT
eistud-25726	109	49	there	there	PRON
eistud-25726	109	50	is	be	VERB
eistud-25726	109	51	a	a	DET
eistud-25726	109	52	huge	huge	ADJ
eistud-25726	109	53	demand	demand	NOUN
eistud-25726	109	54	for	for	ADP
eistud-25726	109	55	long	long	ADJ
eistud-25726	109	56	-	-	PUNCT
eistud-25726	109	57	term	term	NOUN
eistud-25726	109	58	sources	source	NOUN
eistud-25726	109	59	of	of	ADP
eistud-25726	109	60	finance	finance	NOUN
eistud-25726	109	61	,	,	PUNCT
eistud-25726	109	62	like	like	ADP
eistud-25726	109	63	pension	pension	NOUN
eistud-25726	109	64	funds	fund	NOUN
eistud-25726	109	65	or	or	CCONJ
eistud-25726	109	66	insurance	insurance	NOUN
eistud-25726	109	67	companies	company	NOUN
eistud-25726	109	68	(	(	PUNCT
eistud-25726	109	69	winton	winton	NOUN
eistud-25726	109	70	,	,	PUNCT
eistud-25726	109	71	2005	2005	NUM
eistud-25726	109	72	)	)	PUNCT
eistud-25726	109	73	also	also	ADV
eistud-25726	109	74	pension	pension	NOUN
eistud-25726	109	75	funds	fund	NOUN
eistud-25726	109	76	development	development	NOUN
eistud-25726	109	77	is	be	AUX
eistud-25726	109	78	very	very	ADV
eistud-25726	109	79	important	important	ADJ
eistud-25726	109	80	for	for	ADP
eistud-25726	109	81	all	all	DET
eistud-25726	109	82	european	european	ADJ
eistud-25726	109	83	society	society	NOUN
eistud-25726	109	84	.	.	PUNCT
eistud-25726	110	1	this	this	PRON
eistud-25726	110	2	leads	lead	VERB
eistud-25726	110	3	to	to	ADP
eistud-25726	110	4	the	the	DET
eistud-25726	110	5	conclusion	conclusion	NOUN
eistud-25726	110	6	,	,	PUNCT
eistud-25726	110	7	that	that	SCONJ
eistud-25726	110	8	pension	pension	NOUN
eistud-25726	110	9	funds	fund	NOUN
eistud-25726	110	10	must	must	AUX
eistud-25726	110	11	be	be	AUX
eistud-25726	110	12	able	able	ADJ
eistud-25726	110	13	to	to	PART
eistud-25726	110	14	improve	improve	VERB
eistud-25726	110	15	an	an	DET
eistud-25726	110	16	opportunity	opportunity	NOUN
eistud-25726	110	17	to	to	PART
eistud-25726	110	18	use	use	VERB
eistud-25726	110	19	valueadded	valueadde	VERB
eistud-25726	110	20	,	,	PUNCT
eistud-25726	110	21	created	create	VERB
eistud-25726	110	22	by	by	ADP
eistud-25726	110	23	growing	grow	VERB
eistud-25726	110	24	companies	company	NOUN
eistud-25726	110	25	.	.	PUNCT
eistud-25726	111	1	according	accord	VERB
eistud-25726	111	2	to	to	ADP
eistud-25726	111	3	european	european	PROPN
eistud-25726	111	4	commission	commission	PROPN
eistud-25726	111	5	,	,	PUNCT
eistud-25726	111	6	ecofin	ecofin	PROPN
eistud-25726	111	7	,	,	PUNCT
eistud-25726	111	8	europe	europe	PROPN
eistud-25726	111	9	must	must	AUX
eistud-25726	111	10	perform	perform	VERB
eistud-25726	111	11	huge	huge	ADJ
eistud-25726	111	12	preparatory	preparatory	ADJ
eistud-25726	111	13	work	work	NOUN
eistud-25726	111	14	for	for	ADP
eistud-25726	111	15	the	the	DET
eistud-25726	111	16	maximization	maximization	NOUN
eistud-25726	111	17	of	of	ADP
eistud-25726	111	18	the	the	PRON
eistud-25726	111	19	of	of	ADP
eistud-25726	111	20	venture	venture	NOUN
eistud-25726	111	21	capital	capital	NOUN
eistud-25726	111	22	sector	sector	NOUN
eistud-25726	111	23	potential	potential	NOUN
eistud-25726	111	24	in	in	SCONJ
eistud-25726	111	25	order	order	NOUN
eistud-25726	111	26	to	to	PART
eistud-25726	111	27	eliminate	eliminate	VERB
eistud-25726	111	28	the	the	DET
eistud-25726	111	29	difference	difference	NOUN
eistud-25726	111	30	between	between	ADP
eistud-25726	111	31	eu	eu	PROPN
eistud-25726	111	32	and	and	CCONJ
eistud-25726	111	33	us	us	PROPN
eistud-25726	111	34	institutional	institutional	ADJ
eistud-25726	111	35	investors	investor	NOUN
eistud-25726	111	36	capabilities	capability	NOUN
eistud-25726	111	37	to	to	PART
eistud-25726	111	38	invest	invest	VERB
eistud-25726	111	39	into	into	ADP
eistud-25726	111	40	venture	venture	NOUN
eistud-25726	111	41	capital	capital	NOUN
eistud-25726	111	42	.	.	PUNCT
eistud-25726	112	1	main	main	ADJ
eistud-25726	112	2	barriers	barrier	NOUN
eistud-25726	112	3	,	,	PUNCT
eistud-25726	112	4	which	which	PRON
eistud-25726	112	5	are	be	AUX
eistud-25726	112	6	faced	face	VERB
eistud-25726	112	7	by	by	ADP
eistud-25726	112	8	institutional	institutional	ADJ
eistud-25726	112	9	investors	investor	NOUN
eistud-25726	112	10	,	,	PUNCT
eistud-25726	112	11	must	must	AUX
eistud-25726	112	12	be	be	AUX
eistud-25726	112	13	reviewed	review	VERB
eistud-25726	112	14	and	and	CCONJ
eistud-25726	112	15	reduced	reduce	VERB
eistud-25726	112	16	.	.	PUNCT
eistud-25726	113	1	huge	huge	ADJ
eistud-25726	113	2	at	at	ADP
eistud-25726	114	1	al	al	PROPN
eistud-25726	114	2	.	.	PROPN
eistud-25726	114	3	showed	show	VERB
eistud-25726	114	4	(	(	PUNCT
eistud-25726	114	5	2006	2006	NUM
eistud-25726	114	6	)	)	PUNCT
eistud-25726	114	7	,	,	PUNCT
eistud-25726	114	8	that	that	DET
eistud-25726	114	9	tax	tax	NOUN
eistud-25726	114	10	system	system	NOUN
eistud-25726	114	11	,	,	PUNCT
eistud-25726	114	12	financial	financial	ADJ
eistud-25726	114	13	market	market	NOUN
eistud-25726	114	14	development	development	NOUN
eistud-25726	114	15	is	be	AUX
eistud-25726	114	16	not	not	PART
eistud-25726	114	17	main	main	ADJ
eistud-25726	114	18	determinants	determinant	NOUN
eistud-25726	114	19	for	for	ADP
eistud-25726	114	20	venture	venture	NOUN
eistud-25726	114	21	capital	capital	NOUN
eistud-25726	114	22	development	development	NOUN
eistud-25726	114	23	.	.	PUNCT
eistud-25726	115	1	this	this	PRON
eistud-25726	115	2	forms	form	VERB
eistud-25726	115	3	a	a	DET
eistud-25726	115	4	point	point	NOUN
eistud-25726	115	5	of	of	ADP
eistud-25726	115	6	view	view	NOUN
eistud-25726	115	7	,	,	PUNCT
eistud-25726	115	8	that	that	SCONJ
eistud-25726	115	9	pension	pension	NOUN
eistud-25726	115	10	funds	fund	NOUN
eistud-25726	115	11	regulation	regulation	NOUN
eistud-25726	115	12	could	could	AUX
eistud-25726	115	13	be	be	AUX
eistud-25726	115	14	very	very	ADV
eistud-25726	115	15	important	important	ADJ
eistud-25726	115	16	for	for	ADP
eistud-25726	115	17	venture	venture	NOUN
eistud-25726	115	18	capital	capital	NOUN
eistud-25726	115	19	development	development	NOUN
eistud-25726	115	20	.	.	PUNCT
eistud-25726	116	1	pension	pension	NOUN
eistud-25726	116	2	funds	fund	NOUN
eistud-25726	116	3	investments	investment	NOUN
eistud-25726	116	4	in	in	ADP
eistud-25726	116	5	usa	usa	PROPN
eistud-25726	116	6	and	and	CCONJ
eistud-25726	116	7	great	great	ADJ
eistud-25726	116	8	britain	britain	PROPN
eistud-25726	116	9	have	have	AUX
eistud-25726	116	10	started	start	VERB
eistud-25726	116	11	to	to	PART
eistud-25726	116	12	develop	develop	VERB
eistud-25726	116	13	after	after	ADP
eistud-25726	116	14	implementation	implementation	NOUN
eistud-25726	116	15	of	of	ADP
eistud-25726	116	16	„	„	PUNCT
eistud-25726	116	17	prudent	prudent	ADJ
eistud-25726	116	18	man	man	NOUN
eistud-25726	116	19	“	"	PUNCT
eistud-25726	116	20	principle	principle	NOUN
eistud-25726	116	21	.	.	PUNCT
eistud-25726	117	1	the	the	DET
eistud-25726	117	2	implementation	implementation	NOUN
eistud-25726	117	3	of	of	ADP
eistud-25726	117	4	„	„	PUNCT
eistud-25726	117	5	prudent	prudent	ADJ
eistud-25726	117	6	man	man	NOUN
eistud-25726	117	7	“	"	PUNCT
eistud-25726	117	8	principle	principle	NOUN
eistud-25726	117	9	in	in	ADP
eistud-25726	117	10	eu	eu	PROPN
eistud-25726	117	11	countries	country	NOUN
eistud-25726	117	12	would	would	AUX
eistud-25726	117	13	encourage	encourage	VERB
eistud-25726	117	14	prudent	prudent	ADJ
eistud-25726	117	15	level	level	NOUN
eistud-25726	117	16	of	of	ADP
eistud-25726	117	17	diversification	diversification	NOUN
eistud-25726	117	18	,	,	PUNCT
eistud-25726	117	19	by	by	ADP
eistud-25726	117	20	not	not	PART
eistud-25726	117	21	limiting	limit	VERB
eistud-25726	117	22	the	the	DET
eistud-25726	117	23	asset	asset	NOUN
eistud-25726	117	24	allocation	allocation	NOUN
eistud-25726	117	25	quantitatively	quantitatively	ADV
eistud-25726	117	26	.	.	PUNCT
eistud-25726	118	1	structural	structural	ADJ
eistud-25726	118	2	changes	change	NOUN
eistud-25726	118	3	,	,	PUNCT
eistud-25726	118	4	which	which	PRON
eistud-25726	118	5	prohibit	prohibit	VERB
eistud-25726	118	6	pension	pension	NOUN
eistud-25726	118	7	funds	fund	NOUN
eistud-25726	118	8	investments	investment	NOUN
eistud-25726	118	9	into	into	ADP
eistud-25726	118	10	venture	venture	NOUN
eistud-25726	118	11	capital	capital	NOUN
eistud-25726	118	12	,	,	PUNCT
eistud-25726	118	13	elimination	elimination	NOUN
eistud-25726	118	14	,	,	PUNCT
eistud-25726	118	15	would	would	AUX
eistud-25726	118	16	allow	allow	VERB
eistud-25726	118	17	increasing	increase	VERB
eistud-25726	118	18	a	a	DET
eistud-25726	118	19	list	list	NOUN
eistud-25726	118	20	of	of	ADP
eistud-25726	118	21	instruments	instrument	NOUN
eistud-25726	118	22	,	,	PUNCT
eistud-25726	118	23	by	by	ADP
eistud-25726	118	24	which	which	PRON
eistud-25726	118	25	pension	pension	NOUN
eistud-25726	118	26	funds	fund	NOUN
eistud-25726	118	27	would	would	AUX
eistud-25726	118	28	reach	reach	VERB
eistud-25726	118	29	the	the	DET
eistud-25726	118	30	better	well	ADJ
eistud-25726	118	31	results	result	NOUN
eistud-25726	118	32	of	of	ADP
eistud-25726	118	33	returns	return	NOUN
eistud-25726	118	34	.	.	PUNCT
eistud-25726	119	1	thus	thus	ADV
eistud-25726	119	2	,	,	PUNCT
eistud-25726	119	3	legislators	legislator	NOUN
eistud-25726	119	4	and	and	CCONJ
eistud-25726	119	5	supervisory	supervisory	ADJ
eistud-25726	119	6	institutions	institution	NOUN
eistud-25726	119	7	must	must	AUX
eistud-25726	119	8	be	be	AUX
eistud-25726	119	9	concerned	concern	VERB
eistud-25726	119	10	to	to	PART
eistud-25726	119	11	remove	remove	VERB
eistud-25726	119	12	the	the	DET
eistud-25726	119	13	restrictions	restriction	NOUN
eistud-25726	119	14	,	,	PUNCT
eistud-25726	119	15	which	which	PRON
eistud-25726	119	16	limit	limit	VERB
eistud-25726	119	17	the	the	DET
eistud-25726	119	18	allocation	allocation	NOUN
eistud-25726	119	19	of	of	ADP
eistud-25726	119	20	pension	pension	NOUN
eistud-25726	119	21	funds	fund	NOUN
eistud-25726	119	22	assets	asset	NOUN
eistud-25726	119	23	.	.	PUNCT
eistud-25726	120	1	for	for	ADP
eistud-25726	120	2	stimulation	stimulation	NOUN
eistud-25726	120	3	of	of	ADP
eistud-25726	120	4	pension	pension	NOUN
eistud-25726	120	5	funds	fund	NOUN
eistud-25726	120	6	investments	investment	NOUN
eistud-25726	120	7	into	into	ADP
eistud-25726	120	8	venture	venture	NOUN
eistud-25726	120	9	capital	capital	NOUN
eistud-25726	120	10	,	,	PUNCT
eistud-25726	120	11	it	it	PRON
eistud-25726	120	12	is	be	AUX
eistud-25726	120	13	important	important	ADJ
eistud-25726	120	14	to	to	PART
eistud-25726	120	15	reduce	reduce	VERB
eistud-25726	120	16	the	the	DET
eistud-25726	120	17	restrictions	restriction	NOUN
eistud-25726	120	18	on	on	ADP
eistud-25726	120	19	investments	investment	NOUN
eistud-25726	120	20	between	between	ADP
eistud-25726	120	21	individual	individual	ADJ
eistud-25726	120	22	countries	country	NOUN
eistud-25726	120	23	.	.	PUNCT
eistud-25726	121	1	although	although	SCONJ
eistud-25726	121	2	theoretically	theoretically	ADV
eistud-25726	121	3	the	the	DET
eistud-25726	121	4	capital	capital	NOUN
eistud-25726	121	5	movement	movement	NOUN
eistud-25726	121	6	is	be	AUX
eistud-25726	121	7	free	free	ADJ
eistud-25726	121	8	in	in	ADP
eistud-25726	121	9	eu	eu	PROPN
eistud-25726	121	10	,	,	PUNCT
eistud-25726	121	11	in	in	ADP
eistud-25726	121	12	some	some	DET
eistud-25726	121	13	eu	eu	PROPN
eistud-25726	121	14	countries	country	NOUN
eistud-25726	121	15	international	international	ADJ
eistud-25726	121	16	pension	pension	NOUN
eistud-25726	121	17	funds	fund	NOUN
eistud-25726	121	18	investments	investment	NOUN
eistud-25726	121	19	are	be	AUX
eistud-25726	121	20	prohibited	prohibit	VERB
eistud-25726	121	21	.	.	PUNCT
eistud-25726	122	1	as	as	SCONJ
eistud-25726	122	2	venture	venture	NOUN
eistud-25726	122	3	capital	capital	NOUN
eistud-25726	122	4	market	market	NOUN
eistud-25726	122	5	is	be	AUX
eistud-25726	122	6	developing	develop	VERB
eistud-25726	122	7	and	and	CCONJ
eistud-25726	122	8	become	become	VERB
eistud-25726	122	9	more	more	ADV
eistud-25726	122	10	international	international	ADJ
eistud-25726	122	11	,	,	PUNCT
eistud-25726	122	12	the	the	DET
eistud-25726	122	13	geographical	geographical	ADJ
eistud-25726	122	14	limitation	limitation	NOUN
eistud-25726	122	15	for	for	ADP
eistud-25726	122	16	pension	pension	NOUN
eistud-25726	122	17	funds	fund	NOUN
eistud-25726	122	18	investments	investment	NOUN
eistud-25726	122	19	to	to	PART
eistud-25726	122	20	venture	venture	VERB
eistud-25726	122	21	capital	capital	NOUN
eistud-25726	122	22	stops	stop	VERB
eistud-25726	122	23	the	the	DET
eistud-25726	122	24	pension	pension	NOUN
eistud-25726	122	25	funds	fund	NOUN
eistud-25726	122	26	investments	investment	NOUN
eistud-25726	122	27	into	into	ADP
eistud-25726	122	28	venture	venture	NOUN
eistud-25726	122	29	capital	capital	NOUN
eistud-25726	122	30	.	.	PUNCT
eistud-25726	123	1	in	in	ADP
eistud-25726	123	2	countries	country	NOUN
eistud-25726	123	3	with	with	ADP
eistud-25726	123	4	smaller	small	ADJ
eistud-25726	123	5	financial	financial	ADJ
eistud-25726	123	6	market	market	NOUN
eistud-25726	123	7	and	and	CCONJ
eistud-25726	123	8	not	not	PART
eistud-25726	123	9	developed	develop	VERB
eistud-25726	123	10	venture	venture	NOUN
eistud-25726	123	11	capital	capital	NOUN
eistud-25726	123	12	market	market	NOUN
eistud-25726	123	13	,	,	PUNCT
eistud-25726	123	14	where	where	SCONJ
eistud-25726	123	15	pension	pension	NOUN
eistud-25726	123	16	funds	fund	NOUN
eistud-25726	123	17	are	be	AUX
eistud-25726	123	18	not	not	PART
eistud-25726	123	19	allowed	allow	VERB
eistud-25726	123	20	to	to	PART
eistud-25726	123	21	invest	invest	VERB
eistud-25726	123	22	into	into	ADP
eistud-25726	123	23	private	private	ADJ
eistud-25726	123	24	capital	capital	NOUN
eistud-25726	123	25	,	,	PUNCT
eistud-25726	123	26	local	local	ADJ
eistud-25726	123	27	innovative	innovative	NOUN
eistud-25726	123	28	,	,	PUNCT
eistud-25726	123	29	with	with	ADP
eistud-25726	123	30	huge	huge	ADJ
eistud-25726	123	31	potential	potential	ADJ
eistud-25726	123	32	companies	company	NOUN
eistud-25726	123	33	may	may	AUX
eistud-25726	123	34	attract	attract	VERB
eistud-25726	123	35	international	international	ADJ
eistud-25726	123	36	sources	source	NOUN
eistud-25726	123	37	of	of	ADP
eistud-25726	123	38	finance	finance	NOUN
eistud-25726	123	39	.	.	PUNCT
eistud-25726	124	1	such	such	ADJ
eistud-25726	124	2	scenario	scenario	NOUN
eistud-25726	124	3	shows	show	NOUN
eistud-25726	124	4	,	,	PUNCT
eistud-25726	124	5	that	that	SCONJ
eistud-25726	124	6	even	even	ADV
eistud-25726	124	7	economy	economy	NOUN
eistud-25726	124	8	of	of	ADP
eistud-25726	124	9	country	country	NOUN
eistud-25726	124	10	gains	gain	NOUN
eistud-25726	124	11	due	due	ADJ
eistud-25726	124	12	to	to	ADP
eistud-25726	124	13	economical	economical	ADJ
eistud-25726	124	14	growth	growth	NOUN
eistud-25726	124	15	,	,	PUNCT
eistud-25726	124	16	rising	rise	VERB
eistud-25726	124	17	income	income	NOUN
eistud-25726	124	18	,	,	PUNCT
eistud-25726	124	19	employment	employment	NOUN
eistud-25726	124	20	,	,	PUNCT
eistud-25726	124	21	competitiveness	competitiveness	NOUN
eistud-25726	124	22	,	,	PUNCT
eistud-25726	124	23	the	the	DET
eistud-25726	124	24	gain	gain	NOUN
eistud-25726	124	25	of	of	ADP
eistud-25726	124	26	venture	venture	NOUN
eistud-25726	124	27	capital	capital	NOUN
eistud-25726	124	28	is	be	AUX
eistud-25726	124	29	useful	useful	ADJ
eistud-25726	124	30	only	only	ADV
eistud-25726	124	31	for	for	ADP
eistud-25726	124	32	foreign	foreign	ADJ
eistud-25726	124	33	investors	investor	NOUN
eistud-25726	124	34	,	,	PUNCT
eistud-25726	124	35	not	not	PART
eistud-25726	124	36	local	local	ADJ
eistud-25726	124	37	pension	pension	NOUN
eistud-25726	124	38	funds	fund	NOUN
eistud-25726	124	39	,	,	PUNCT
eistud-25726	124	40	as	as	ADP
eistud-25726	124	41	financial	financial	ADJ
eistud-25726	124	42	sources	source	NOUN
eistud-25726	124	43	provider	provider	NOUN
eistud-25726	124	44	.	.	PUNCT
eistud-25726	125	1	pension	pension	NOUN
eistud-25726	125	2	funds	fund	NOUN
eistud-25726	125	3	investments	investment	NOUN
eistud-25726	125	4	limitations	limitation	NOUN
eistud-25726	125	5	to	to	ADP
eistud-25726	125	6	higher	high	ADJ
eistud-25726	125	7	-	-	PUNCT
eistud-25726	125	8	yield	yield	NOUN
eistud-25726	125	9	areas	area	NOUN
eistud-25726	125	10	also	also	ADV
eistud-25726	125	11	reduce	reduce	VERB
eistud-25726	125	12	the	the	DET
eistud-25726	125	13	ability	ability	NOUN
eistud-25726	125	14	to	to	PART
eistud-25726	125	15	get	get	VERB
eistud-25726	125	16	higher	high	ADJ
eistud-25726	125	17	pension	pension	NOUN
eistud-25726	125	18	after	after	ADP
eistud-25726	125	19	retirement	retirement	NOUN
eistud-25726	125	20	.	.	PUNCT
eistud-25726	126	1	so	so	ADV
eistud-25726	126	2	,	,	PUNCT
eistud-25726	126	3	national	national	ADJ
eistud-25726	126	4	governments	government	NOUN
eistud-25726	126	5	and	and	CCONJ
eistud-25726	126	6	supervisory	supervisory	ADJ
eistud-25726	126	7	institutions	institution	NOUN
eistud-25726	126	8	must	must	AUX
eistud-25726	126	9	be	be	AUX
eistud-25726	126	10	interested	interested	ADJ
eistud-25726	126	11	to	to	PART
eistud-25726	126	12	revise	revise	VERB
eistud-25726	126	13	geographical	geographical	ADJ
eistud-25726	126	14	restrictions	restriction	NOUN
eistud-25726	126	15	for	for	ADP
eistud-25726	126	16	pension	pension	NOUN
eistud-25726	126	17	funds	fund	NOUN
eistud-25726	126	18	investments	investment	NOUN
eistud-25726	126	19	.	.	PUNCT
eistud-25726	127	1	conclusions	conclusion	NOUN
eistud-25726	127	2	venture	venture	NOUN
eistud-25726	127	3	capital	capital	NOUN
eistud-25726	127	4	is	be	AUX
eistud-25726	127	5	very	very	ADV
eistud-25726	127	6	important	important	ADJ
eistud-25726	127	7	source	source	NOUN
eistud-25726	127	8	of	of	ADP
eistud-25726	127	9	finance	finance	NOUN
eistud-25726	127	10	for	for	ADP
eistud-25726	127	11	creating	create	VERB
eistud-25726	127	12	and	and	CCONJ
eistud-25726	127	13	ensuring	ensure	VERB
eistud-25726	127	14	long	long	ADJ
eistud-25726	127	15	-	-	PUNCT
eistud-25726	127	16	term	term	NOUN
eistud-25726	127	17	economic	economic	ADJ
eistud-25726	127	18	growth	growth	NOUN
eistud-25726	127	19	and	and	CCONJ
eistud-25726	127	20	job	job	NOUN
eistud-25726	127	21	creation	creation	NOUN
eistud-25726	127	22	.	.	PUNCT
eistud-25726	128	1	this	this	PRON
eistud-25726	128	2	accentuates	accentuate	VERB
eistud-25726	128	3	the	the	DET
eistud-25726	128	4	need	need	NOUN
eistud-25726	128	5	of	of	ADP
eistud-25726	128	6	venture	venture	NOUN
eistud-25726	128	7	capital	capital	NOUN
eistud-25726	128	8	development	development	NOUN
eistud-25726	128	9	as	as	ADP
eistud-25726	128	10	one	one	NUM
eistud-25726	128	11	of	of	ADP
eistud-25726	128	12	main	main	ADJ
eistud-25726	128	13	underlying	underlying	ADJ
eistud-25726	128	14	tasks	task	NOUN
eistud-25726	128	15	in	in	ADP
eistud-25726	128	16	european	european	PROPN
eistud-25726	128	17	union	union	PROPN
eistud-25726	128	18	countries	country	NOUN
eistud-25726	128	19	,	,	PUNCT
eistud-25726	128	20	trying	try	VERB
eistud-25726	128	21	to	to	PART
eistud-25726	128	22	reach	reach	VERB
eistud-25726	128	23	the	the	DET
eistud-25726	128	24	usa	usa	PROPN
eistud-25726	128	25	level	level	NOUN
eistud-25726	128	26	of	of	ADP
eistud-25726	128	27	venture	venture	NOUN
eistud-25726	128	28	capital	capital	NOUN
eistud-25726	128	29	investments	investment	NOUN
eistud-25726	128	30	.	.	PUNCT
eistud-25726	129	1	despite	despite	SCONJ
eistud-25726	129	2	of	of	ADP
eistud-25726	129	3	that	that	PRON
eistud-25726	129	4	,	,	PUNCT
eistud-25726	129	5	one	one	NUM
eistud-25726	129	6	of	of	ADP
eistud-25726	129	7	the	the	DET
eistud-25726	129	8	main	main	ADJ
eistud-25726	129	9	problems	problem	NOUN
eistud-25726	129	10	for	for	ADP
eistud-25726	129	11	creating	create	VERB
eistud-25726	129	12	and	and	CCONJ
eistud-25726	129	13	developing	develop	VERB
eistud-25726	129	14	venture	venture	NOUN
eistud-25726	129	15	capital	capital	NOUN
eistud-25726	129	16	in	in	ADP
eistud-25726	129	17	eu	eu	PROPN
eistud-25726	129	18	countries	country	NOUN
eistud-25726	129	19	is	be	AUX
eistud-25726	129	20	insufficient	insufficient	ADJ
eistud-25726	129	21	market	market	NOUN
eistud-25726	129	22	of	of	ADP
eistud-25726	129	23	investors	investor	NOUN
eistud-25726	129	24	,	,	PUNCT
eistud-25726	129	25	also	also	ADV
eistud-25726	129	26	undeveloped	undeveloped	ADJ
eistud-25726	129	27	market	market	NOUN
eistud-25726	129	28	of	of	ADP
eistud-25726	129	29	pension	pension	NOUN
eistud-25726	129	30	funds	fund	NOUN
eistud-25726	129	31	.	.	PUNCT
eistud-25726	130	1	generally	generally	ADV
eistud-25726	130	2	,	,	PUNCT
eistud-25726	130	3	venture	venture	NOUN
eistud-25726	130	4	capital	capital	NOUN
eistud-25726	130	5	investments	investment	NOUN
eistud-25726	130	6	are	be	AUX
eistud-25726	130	7	made	make	VERB
eistud-25726	130	8	through	through	ADP
eistud-25726	130	9	venture	venture	NOUN
eistud-25726	130	10	capital	capital	NOUN
eistud-25726	130	11	funds	fund	NOUN
eistud-25726	130	12	,	,	PUNCT
eistud-25726	130	13	which	which	PRON
eistud-25726	130	14	perform	perform	VERB
eistud-25726	130	15	as	as	ADP
eistud-25726	130	16	financial	financial	ADJ
eistud-25726	130	17	issn	issn	PROPN
eistud-25726	130	18	1822	1822	NUM
eistud-25726	130	19	-	-	SYM
eistud-25726	130	20	8402	8402	NUM
eistud-25726	130	21	european	european	ADJ
eistud-25726	130	22	integration	integration	NOUN
eistud-25726	130	23	studies	study	NOUN
eistud-25726	130	24	.	.	PUNCT
eistud-25726	131	1	2009	2009	NUM
eistud-25726	131	2	.	.	PUNCT
eistud-25726	132	1	no	no	DET
eistud-25726	132	2	3	3	NUM
eistud-25726	132	3	91	91	NUM
eistud-25726	132	4	intermediary	intermediary	NOUN
eistud-25726	132	5	between	between	ADP
eistud-25726	132	6	investors	investor	NOUN
eistud-25726	132	7	of	of	ADP
eistud-25726	132	8	venture	venture	NOUN
eistud-25726	132	9	capital	capital	NOUN
eistud-25726	132	10	and	and	CCONJ
eistud-25726	132	11	companies	company	NOUN
eistud-25726	132	12	,	,	PUNCT
eistud-25726	132	13	seeking	seek	VERB
eistud-25726	132	14	for	for	ADP
eistud-25726	132	15	venture	venture	NOUN
eistud-25726	132	16	capital	capital	NOUN
eistud-25726	132	17	.	.	PUNCT
eistud-25726	133	1	pension	pension	NOUN
eistud-25726	133	2	funds	fund	NOUN
eistud-25726	133	3	as	as	SCONJ
eistud-25726	133	4	institutional	institutional	ADJ
eistud-25726	133	5	investors	investor	NOUN
eistud-25726	133	6	also	also	ADV
eistud-25726	133	7	invest	invest	VERB
eistud-25726	133	8	in	in	ADP
eistud-25726	133	9	venture	venture	NOUN
eistud-25726	133	10	capital	capital	NOUN
eistud-25726	133	11	funds	fund	NOUN
eistud-25726	133	12	,	,	PUNCT
eistud-25726	133	13	typically	typically	ADV
eistud-25726	133	14	in	in	ADP
eistud-25726	133	15	market	market	NOUN
eistud-25726	133	16	-	-	PUNCT
eistud-25726	133	17	oriented	orient	VERB
eistud-25726	133	18	financial	financial	ADJ
eistud-25726	133	19	systems	system	NOUN
eistud-25726	133	20	.	.	PUNCT
eistud-25726	134	1	investments	investment	NOUN
eistud-25726	134	2	of	of	ADP
eistud-25726	134	3	well	well	ADV
eistud-25726	134	4	capitalized	capitalize	VERB
eistud-25726	134	5	pension	pension	NOUN
eistud-25726	134	6	funds	fund	NOUN
eistud-25726	134	7	are	be	AUX
eistud-25726	134	8	one	one	NUM
eistud-25726	134	9	of	of	ADP
eistud-25726	134	10	the	the	DET
eistud-25726	134	11	main	main	ADJ
eistud-25726	134	12	investors	investor	NOUN
eistud-25726	134	13	group	group	NOUN
eistud-25726	134	14	to	to	PART
eistud-25726	134	15	venture	venture	VERB
eistud-25726	134	16	capital	capital	NOUN
eistud-25726	134	17	funds	fund	NOUN
eistud-25726	134	18	in	in	ADP
eistud-25726	134	19	eu	eu	PROPN
eistud-25726	134	20	countries	country	NOUN
eistud-25726	134	21	.	.	PUNCT
eistud-25726	135	1	this	this	DET
eistud-25726	135	2	lead	lead	ADJ
eistud-25726	135	3	pension	pension	NOUN
eistud-25726	135	4	funds	fund	NOUN
eistud-25726	135	5	as	as	ADP
eistud-25726	135	6	very	very	ADV
eistud-25726	135	7	important	important	ADJ
eistud-25726	135	8	source	source	NOUN
eistud-25726	135	9	for	for	ADP
eistud-25726	135	10	long	long	ADJ
eistud-25726	135	11	-	-	PUNCT
eistud-25726	135	12	term	term	NOUN
eistud-25726	135	13	venture	venture	NOUN
eistud-25726	135	14	financing	financing	NOUN
eistud-25726	135	15	,	,	PUNCT
eistud-25726	135	16	which	which	PRON
eistud-25726	135	17	might	might	AUX
eistud-25726	135	18	ensure	ensure	VERB
eistud-25726	135	19	sustainable	sustainable	ADJ
eistud-25726	135	20	,	,	PUNCT
eistud-25726	135	21	continuous	continuous	ADJ
eistud-25726	135	22	venture	venture	NOUN
eistud-25726	135	23	capital	capital	NOUN
eistud-25726	135	24	growth	growth	NOUN
eistud-25726	135	25	.	.	PUNCT
eistud-25726	136	1	due	due	ADP
eistud-25726	136	2	to	to	ADP
eistud-25726	136	3	the	the	DET
eistud-25726	136	4	demographic	demographic	ADJ
eistud-25726	136	5	tendencies	tendency	NOUN
eistud-25726	136	6	,	,	PUNCT
eistud-25726	136	7	the	the	DET
eistud-25726	136	8	creation	creation	NOUN
eistud-25726	136	9	and	and	CCONJ
eistud-25726	136	10	development	development	NOUN
eistud-25726	136	11	of	of	ADP
eistud-25726	136	12	private	private	ADJ
eistud-25726	136	13	pension	pension	NOUN
eistud-25726	136	14	funds	fund	NOUN
eistud-25726	136	15	in	in	ADP
eistud-25726	136	16	eu	eu	PROPN
eistud-25726	136	17	countries	country	NOUN
eistud-25726	136	18	is	be	AUX
eistud-25726	136	19	one	one	NUM
eistud-25726	136	20	of	of	ADP
eistud-25726	136	21	the	the	DET
eistud-25726	136	22	major	major	ADJ
eistud-25726	136	23	priorities	priority	NOUN
eistud-25726	136	24	trying	try	VERB
eistud-25726	136	25	to	to	PART
eistud-25726	136	26	ensure	ensure	VERB
eistud-25726	136	27	financial	financial	ADJ
eistud-25726	136	28	stability	stability	NOUN
eistud-25726	136	29	of	of	ADP
eistud-25726	136	30	retired	retire	VERB
eistud-25726	136	31	old	old	ADJ
eistud-25726	136	32	people	people	NOUN
eistud-25726	136	33	.	.	PUNCT
eistud-25726	137	1	despite	despite	SCONJ
eistud-25726	137	2	of	of	ADP
eistud-25726	137	3	the	the	DET
eistud-25726	137	4	countries	country	NOUN
eistud-25726	137	5	governments	government	NOUN
eistud-25726	137	6	’	'	PUNCT
eistud-25726	137	7	efforts	effort	NOUN
eistud-25726	137	8	to	to	PART
eistud-25726	137	9	create	create	VERB
eistud-25726	137	10	private	private	ADJ
eistud-25726	137	11	pension	pension	NOUN
eistud-25726	137	12	systems	system	NOUN
eistud-25726	137	13	,	,	PUNCT
eistud-25726	137	14	pension	pension	NOUN
eistud-25726	137	15	funds	fund	NOUN
eistud-25726	137	16	in	in	ADP
eistud-25726	137	17	eu	eu	PROPN
eistud-25726	137	18	countries	country	NOUN
eistud-25726	137	19	make	make	VERB
eistud-25726	137	20	not	not	PART
eistud-25726	137	21	more	more	ADJ
eistud-25726	137	22	than	than	ADP
eistud-25726	137	23	30	30	NUM
eistud-25726	137	24	%	%	NOUN
eistud-25726	137	25	of	of	ADP
eistud-25726	137	26	gdp	gdp	NOUN
eistud-25726	137	27	,	,	PUNCT
eistud-25726	137	28	comparing	compare	VERB
eistud-25726	137	29	with	with	ADP
eistud-25726	137	30	75.5	75.5	NUM
eistud-25726	137	31	%	%	NOUN
eistud-25726	137	32	average	average	NOUN
eistud-25726	137	33	in	in	ADP
eistud-25726	137	34	oecd	oecd	PROPN
eistud-25726	137	35	countries	country	NOUN
eistud-25726	137	36	.	.	PUNCT
eistud-25726	138	1	pension	pension	NOUN
eistud-25726	138	2	funds	fund	NOUN
eistud-25726	138	3	play	play	VERB
eistud-25726	138	4	more	more	ADV
eistud-25726	138	5	significant	significant	ADJ
eistud-25726	138	6	role	role	NOUN
eistud-25726	138	7	only	only	ADV
eistud-25726	138	8	in	in	ADP
eistud-25726	138	9	the	the	DET
eistud-25726	138	10	economies	economy	NOUN
eistud-25726	138	11	of	of	ADP
eistud-25726	138	12	netherlands	netherland	NOUN
eistud-25726	138	13	,	,	PUNCT
eistud-25726	138	14	great	great	ADJ
eistud-25726	138	15	britain	britain	PROPN
eistud-25726	138	16	,	,	PUNCT
eistud-25726	138	17	and	and	CCONJ
eistud-25726	138	18	,	,	PUNCT
eistud-25726	138	19	in	in	ADP
eistud-25726	138	20	smaller	small	ADJ
eistud-25726	138	21	extent	extent	NOUN
eistud-25726	138	22	,	,	PUNCT
eistud-25726	138	23	in	in	ADP
eistud-25726	138	24	sweden	sweden	PROPN
eistud-25726	138	25	and	and	CCONJ
eistud-25726	138	26	ireland	ireland	PROPN
eistud-25726	138	27	.	.	PUNCT
eistud-25726	139	1	pension	pension	NOUN
eistud-25726	139	2	funds	fund	NOUN
eistud-25726	139	3	investments	investment	NOUN
eistud-25726	139	4	in	in	ADP
eistud-25726	139	5	usa	usa	PROPN
eistud-25726	139	6	and	and	CCONJ
eistud-25726	139	7	great	great	ADJ
eistud-25726	139	8	britain	britain	PROPN
eistud-25726	139	9	have	have	AUX
eistud-25726	139	10	started	start	VERB
eistud-25726	139	11	to	to	PART
eistud-25726	139	12	develop	develop	VERB
eistud-25726	139	13	after	after	ADP
eistud-25726	139	14	implementation	implementation	NOUN
eistud-25726	139	15	of	of	ADP
eistud-25726	139	16	„	„	PUNCT
eistud-25726	139	17	prudent	prudent	ADJ
eistud-25726	139	18	man	man	NOUN
eistud-25726	139	19	“	"	PUNCT
eistud-25726	139	20	principle	principle	NOUN
eistud-25726	139	21	.	.	PUNCT
eistud-25726	140	1	the	the	DET
eistud-25726	140	2	implementation	implementation	NOUN
eistud-25726	140	3	of	of	ADP
eistud-25726	140	4	„	„	PUNCT
eistud-25726	140	5	prudent	prudent	ADJ
eistud-25726	140	6	man	man	NOUN
eistud-25726	140	7	“	"	PUNCT
eistud-25726	140	8	principle	principle	NOUN
eistud-25726	140	9	in	in	ADP
eistud-25726	140	10	eu	eu	PROPN
eistud-25726	140	11	countries	country	NOUN
eistud-25726	140	12	would	would	AUX
eistud-25726	140	13	encourage	encourage	VERB
eistud-25726	140	14	prudent	prudent	ADJ
eistud-25726	140	15	level	level	NOUN
eistud-25726	140	16	of	of	ADP
eistud-25726	140	17	diversification	diversification	NOUN
eistud-25726	140	18	,	,	PUNCT
eistud-25726	140	19	by	by	ADP
eistud-25726	140	20	not	not	PART
eistud-25726	140	21	limiting	limit	VERB
eistud-25726	140	22	the	the	DET
eistud-25726	140	23	asset	asset	NOUN
eistud-25726	140	24	allocation	allocation	NOUN
eistud-25726	140	25	quantitatively	quantitatively	ADV
eistud-25726	140	26	.	.	PUNCT
eistud-25726	141	1	policy	policy	NOUN
eistud-25726	141	2	-	-	PUNCT
eistud-25726	141	3	makers	maker	NOUN
eistud-25726	141	4	and	and	CCONJ
eistud-25726	141	5	supervising	supervise	VERB
eistud-25726	141	6	institutions	institution	NOUN
eistud-25726	141	7	should	should	AUX
eistud-25726	141	8	be	be	AUX
eistud-25726	141	9	interested	interested	ADJ
eistud-25726	141	10	to	to	PART
eistud-25726	141	11	cancel	cancel	VERB
eistud-25726	141	12	the	the	DET
eistud-25726	141	13	limitation	limitation	NOUN
eistud-25726	141	14	of	of	ADP
eistud-25726	141	15	pension	pension	NOUN
eistud-25726	141	16	fund	fund	NOUN
eistud-25726	141	17	assets	asset	NOUN
eistud-25726	141	18	allocation	allocation	NOUN
eistud-25726	141	19	.	.	PUNCT
eistud-25726	142	1	instead	instead	ADV
eistud-25726	142	2	of	of	ADP
eistud-25726	142	3	that	that	PRON
eistud-25726	142	4	,	,	PUNCT
eistud-25726	142	5	special	special	ADJ
eistud-25726	142	6	mechanisms	mechanism	NOUN
eistud-25726	142	7	should	should	AUX
eistud-25726	142	8	be	be	AUX
eistud-25726	142	9	defined	define	VERB
eistud-25726	142	10	,	,	PUNCT
eistud-25726	142	11	which	which	PRON
eistud-25726	142	12	would	would	AUX
eistud-25726	142	13	evaluate	evaluate	VERB
eistud-25726	142	14	the	the	DET
eistud-25726	142	15	peculiarities	peculiarity	NOUN
eistud-25726	142	16	of	of	ADP
eistud-25726	142	17	private	private	ADJ
eistud-25726	142	18	equity	equity	NOUN
eistud-25726	142	19	,	,	PUNCT
eistud-25726	142	20	venture	venture	NOUN
eistud-25726	142	21	capital	capital	NOUN
eistud-25726	142	22	and	and	CCONJ
eistud-25726	142	23	other	other	ADJ
eistud-25726	142	24	forms	form	NOUN
eistud-25726	142	25	of	of	ADP
eistud-25726	142	26	alternative	alternative	ADJ
eistud-25726	142	27	investments	investment	NOUN
eistud-25726	142	28	.	.	PUNCT
eistud-25726	143	1	as	as	SCONJ
eistud-25726	143	2	venture	venture	NOUN
eistud-25726	143	3	capital	capital	NOUN
eistud-25726	143	4	investments	investment	NOUN
eistud-25726	143	5	and	and	CCONJ
eistud-25726	143	6	activities	activity	NOUN
eistud-25726	143	7	of	of	ADP
eistud-25726	143	8	venture	venture	NOUN
eistud-25726	143	9	capital	capital	NOUN
eistud-25726	143	10	funds	fund	NOUN
eistud-25726	143	11	gain	gain	VERB
eistud-25726	143	12	more	more	ADJ
eistud-25726	143	13	international	international	ADJ
eistud-25726	143	14	crossborder	crossborder	NOUN
eistud-25726	143	15	character	character	NOUN
eistud-25726	143	16	,	,	PUNCT
eistud-25726	143	17	the	the	DET
eistud-25726	143	18	geographical	geographical	ADJ
eistud-25726	143	19	limitation	limitation	NOUN
eistud-25726	143	20	for	for	ADP
eistud-25726	143	21	pension	pension	NOUN
eistud-25726	143	22	funds	fund	NOUN
eistud-25726	143	23	investments	investment	NOUN
eistud-25726	143	24	to	to	PART
eistud-25726	143	25	venture	venture	VERB
eistud-25726	143	26	capital	capital	NOUN
eistud-25726	143	27	should	should	AUX
eistud-25726	143	28	be	be	AUX
eistud-25726	143	29	revised	revise	VERB
eistud-25726	143	30	.	.	PUNCT
eistud-25726	144	1	as	as	ADP
eistud-25726	144	2	the	the	DET
eistud-25726	144	3	results	result	NOUN
eistud-25726	144	4	of	of	ADP
eistud-25726	144	5	the	the	DET
eistud-25726	144	6	research	research	NOUN
eistud-25726	144	7	show	show	NOUN
eistud-25726	144	8	,	,	PUNCT
eistud-25726	144	9	eu	eu	PROPN
eistud-25726	144	10	countries	country	NOUN
eistud-25726	144	11	should	should	AUX
eistud-25726	144	12	develop	develop	VERB
eistud-25726	144	13	not	not	PART
eistud-25726	144	14	only	only	ADV
eistud-25726	144	15	venture	venture	NOUN
eistud-25726	144	16	capital	capital	NOUN
eistud-25726	144	17	investments	investment	NOUN
eistud-25726	144	18	through	through	ADP
eistud-25726	144	19	pension	pension	NOUN
eistud-25726	144	20	funds	fund	NOUN
eistud-25726	144	21	,	,	PUNCT
eistud-25726	144	22	but	but	CCONJ
eistud-25726	144	23	pension	pension	NOUN
eistud-25726	144	24	funds	fund	NOUN
eistud-25726	144	25	market	market	VERB
eistud-25726	144	26	itself	itself	PRON
eistud-25726	144	27	.	.	PUNCT
eistud-25726	145	1	only	only	ADV
eistud-25726	145	2	by	by	ADP
eistud-25726	145	3	making	make	VERB
eistud-25726	145	4	coordinative	coordinative	ADJ
eistud-25726	145	5	actions	action	NOUN
eistud-25726	145	6	,	,	PUNCT
eistud-25726	145	7	e|u	e|u	NOUN
eistud-25726	145	8	countries	country	NOUN
eistud-25726	145	9	might	might	AUX
eistud-25726	145	10	reach	reach	VERB
eistud-25726	145	11	long	long	ADJ
eistud-25726	145	12	-	-	PUNCT
eistud-25726	145	13	term	term	NOUN
eistud-25726	145	14	impact	impact	NOUN
eistud-25726	145	15	,	,	PUNCT
eistud-25726	145	16	which	which	PRON
eistud-25726	145	17	will	will	AUX
eistud-25726	145	18	positively	positively	ADV
eistud-25726	145	19	influence	influence	VERB
eistud-25726	145	20	their	their	PRON
eistud-25726	145	21	economic	economic	ADJ
eistud-25726	145	22	growth	growth	NOUN
eistud-25726	145	23	.	.	PUNCT
eistud-25726	146	1	references	reference	NOUN
eistud-25726	146	2	allen	allen	PROPN
eistud-25726	146	3	,	,	PUNCT
eistud-25726	146	4	f.	f.	PROPN
eistud-25726	146	5	,	,	PUNCT
eistud-25726	146	6	gale	gale	PROPN
eistud-25726	146	7	,	,	PUNCT
eistud-25726	146	8	d.	d.	PROPN
eistud-25726	146	9	(	(	PUNCT
eistud-25726	146	10	2000	2000	NUM
eistud-25726	146	11	)	)	PUNCT
eistud-25726	146	12	comparing	compare	VERB
eistud-25726	146	13	financial	financial	ADJ
eistud-25726	146	14	systems	system	NOUN
eistud-25726	146	15	,	,	PUNCT
eistud-25726	146	16	mit	mit	PROPN
eistud-25726	146	17	press	press	NOUN
eistud-25726	146	18	.	.	PUNCT
eistud-25726	147	1	anderson	anderson	PROPN
eistud-25726	147	2	,	,	PUNCT
eistud-25726	147	3	t.	t.	PROPN
eistud-25726	147	4	,	,	PUNCT
eistud-25726	147	5	napier	napier	PROPN
eistud-25726	147	6	,	,	PUNCT
eistud-25726	147	7	g.	g.	PROPN
eistud-25726	147	8	(	(	PUNCT
eistud-25726	147	9	2005	2005	NUM
eistud-25726	147	10	)	)	PUNCT
eistud-25726	147	11	the	the	DET
eistud-25726	147	12	venture	venture	NOUN
eistud-25726	147	13	capital	capital	NOUN
eistud-25726	147	14	market	market	NOUN
eistud-25726	147	15	global	global	ADJ
eistud-25726	147	16	trends	trend	NOUN
eistud-25726	147	17	and	and	CCONJ
eistud-25726	147	18	issues	issue	NOUN
eistud-25726	147	19	for	for	ADP
eistud-25726	147	20	nordic	nordic	ADJ
eistud-25726	147	21	countries	country	NOUN
eistud-25726	147	22	,	,	PUNCT
eistud-25726	147	23	iked	ike	VERB
eistud-25726	147	24	,	,	PUNCT
eistud-25726	147	25	online	online	ADJ
eistud-25726	147	26	paper	paper	NOUN
eistud-25726	147	27	:	:	PUNCT
eistud-25726	147	28	http://www.iked.org/	http://www.iked.org/	PROPN
eistud-25726	147	29	pdf	pdf	PROPN
eistud-25726	147	30	/	/	SYM
eistud-25726	147	31	the%20role%20of%20venture%20	the%20role%20of%20venture%20	NOUN
eistud-25726	147	32	capital	capital	NOUN
eistud-25726	147	33	,	,	PUNCT
eistud-25726	147	34	global%20trends%20and%20	global%20trends%20and%20	PROPN
eistud-25726	147	35	issues.pdf	issues.pdf	PROPN
eistud-25726	147	36	.	.	PUNCT
eistud-25726	147	37	antolin	antolin	PROPN
eistud-25726	147	38	,	,	PUNCT
eistud-25726	147	39	p.	p.	NOUN
eistud-25726	147	40	(	(	PUNCT
eistud-25726	147	41	2008	2008	NUM
eistud-25726	147	42	)	)	PUNCT
eistud-25726	147	43	,	,	PUNCT
eistud-25726	147	44	pension	pension	NOUN
eistud-25726	147	45	fund	fund	NOUN
eistud-25726	147	46	performance	performance	NOUN
eistud-25726	147	47	//	//	X
eistud-25726	147	48	oecd	oecd	PROPN
eistud-25726	147	49	working	work	VERB
eistud-25726	147	50	papers	paper	NOUN
eistud-25726	147	51	on	on	ADP
eistud-25726	147	52	insurance	insurance	NOUN
eistud-25726	147	53	and	and	CCONJ
eistud-25726	147	54	private	private	ADJ
eistud-25726	147	55	pensions	pension	NOUN
eistud-25726	147	56	,	,	PUNCT
eistud-25726	147	57	no	no	INTJ
eistud-25726	147	58	.	.	NOUN
eistud-25726	147	59	20	20	NUM
eistud-25726	147	60	,	,	PUNCT
eistud-25726	147	61	oecd	oecd	PROPN
eistud-25726	147	62	publishing	publishing	NOUN
eistud-25726	147	63	,	,	PUNCT
eistud-25726	147	64	oecd	oecd	PROPN
eistud-25726	147	65	.	.	PUNCT
eistud-25726	147	66	barros	barros	PROPN
eistud-25726	147	67	,	,	PUNCT
eistud-25726	147	68	p.p.p	p.p.p	PROPN
eistud-25726	147	69	.	.	PROPN
eistud-25726	147	70	,	,	PUNCT
eistud-25726	147	71	berglof	berglof	PROPN
eistud-25726	147	72	,	,	PUNCT
eistud-25726	147	73	e.	e.	PROPN
eistud-25726	147	74	,	,	PUNCT
eistud-25726	147	75	fulghieri	fulghieri	PROPN
eistud-25726	147	76	,	,	PUNCT
eistud-25726	147	77	p.	p.	PROPN
eistud-25726	147	78	,	,	PUNCT
eistud-25726	147	79	gual	gual	PROPN
eistud-25726	147	80	,	,	PUNCT
eistud-25726	147	81	j.	j.	PROPN
eistud-25726	147	82	,	,	PUNCT
eistud-25726	147	83	mayer	mayer	PROPN
eistud-25726	147	84	c.	c.	PROPN
eistud-25726	147	85	,	,	PUNCT
eistud-25726	147	86	vives	vive	NOUN
eistud-25726	147	87	,	,	PUNCT
eistud-25726	147	88	x	x	X
eistud-25726	147	89	(	(	PUNCT
eistud-25726	147	90	2005	2005	NUM
eistud-25726	147	91	)	)	PUNCT
eistud-25726	147	92	integration	integration	NOUN
eistud-25726	147	93	of	of	ADP
eistud-25726	147	94	european	european	ADJ
eistud-25726	147	95	banking	banking	NOUN
eistud-25726	147	96	:	:	PUNCT
eistud-25726	147	97	the	the	DET
eistud-25726	147	98	way	way	NOUN
eistud-25726	147	99	forward	forward	ADV
eistud-25726	147	100	.	.	PUNCT
eistud-25726	148	1	london	london	PROPN
eistud-25726	148	2	:	:	PUNCT
eistud-25726	148	3	cepr	cepr	VERB
eistud-25726	148	4	.	.	PUNCT
eistud-25726	149	1	black	black	PROPN
eistud-25726	149	2	,	,	PUNCT
eistud-25726	149	3	b.	b.	PROPN
eistud-25726	149	4	s.	s.	PROPN
eistud-25726	149	5	,	,	PUNCT
eistud-25726	149	6	gilson	gilson	PROPN
eistud-25726	149	7	,	,	PUNCT
eistud-25726	149	8	r.j	r.j	PROPN
eistud-25726	149	9	.	.	PROPN
eistud-25726	149	10	(	(	PUNCT
eistud-25726	149	11	1998	1998	NUM
eistud-25726	149	12	)	)	PUNCT
eistud-25726	149	13	venture	venture	NOUN
eistud-25726	149	14	capital	capital	NOUN
eistud-25726	149	15	and	and	CCONJ
eistud-25726	149	16	the	the	DET
eistud-25726	149	17	structure	structure	NOUN
eistud-25726	149	18	of	of	ADP
eistud-25726	149	19	capital	capital	NOUN
eistud-25726	149	20	markets	market	NOUN
eistud-25726	149	21	:	:	PUNCT
eistud-25726	149	22	banks	bank	NOUN
eistud-25726	149	23	versus	versus	ADP
eistud-25726	149	24	stock	stock	NOUN
eistud-25726	149	25	markets	market	NOUN
eistud-25726	149	26	,	,	PUNCT
eistud-25726	149	27	journal	journal	NOUN
eistud-25726	149	28	of	of	ADP
eistud-25726	149	29	financial	financial	ADJ
eistud-25726	149	30	economics	economic	NOUN
eistud-25726	149	31	,	,	PUNCT
eistud-25726	149	32	vol	vol	NOUN
eistud-25726	149	33	.	.	PROPN
eistud-25726	150	1	47	47	NUM
eistud-25726	150	2	,	,	PUNCT
eistud-25726	150	3	pp	pp	ADJ
eistud-25726	150	4	.	.	PUNCT
eistud-25726	151	1	243	243	NUM
eistud-25726	151	2	-	-	SYM
eistud-25726	151	3	277	277	NUM
eistud-25726	151	4	,	,	PUNCT
eistud-25726	151	5	online	online	ADJ
eistud-25726	151	6	paper	paper	NOUN
eistud-25726	151	7	:	:	PUNCT
eistud-25726	151	8	http://papers.ssrn.com/	http://papers.ssrn.com/	PROPN
eistud-25726	151	9	sol3	sol3	PROPN
eistud-25726	151	10	/	/	SYM
eistud-25726	151	11	papers.cfm?abstract_id=46909	papers.cfm?abstract_id=46909	PROPN
eistud-25726	151	12	.	.	PUNCT
eistud-25726	151	13	blotevogel	blotevogel	PROPN
eistud-25726	151	14	,	,	PUNCT
eistud-25726	151	15	r.	r.	PROPN
eistud-25726	151	16	(	(	PUNCT
eistud-25726	151	17	2005	2005	NUM
eistud-25726	151	18	)	)	PUNCT
eistud-25726	151	19	a	a	DET
eistud-25726	151	20	principle	principle	ADJ
eistud-25726	151	21	agent	agent	NOUN
eistud-25726	151	22	approach	approach	NOUN
eistud-25726	151	23	to	to	ADP
eistud-25726	151	24	understanding	understand	VERB
eistud-25726	151	25	the	the	DET
eistud-25726	151	26	net	net	ADJ
eistud-25726	151	27	asset	asset	NOUN
eistud-25726	151	28	value	value	NOUN
eistud-25726	151	29	in	in	ADP
eistud-25726	151	30	vc	vc	PROPN
eistud-25726	151	31	,	,	PUNCT
eistud-25726	151	32	eif	eif	NOUN
eistud-25726	151	33	staff	staff	NOUN
eistud-25726	151	34	paper	paper	NOUN
eistud-25726	151	35	,	,	PUNCT
eistud-25726	151	36	online	online	ADJ
eistud-25726	151	37	papers	paper	NOUN
eistud-25726	151	38	http://www.altassets.com/pdfs/	http://www.altassets.com/pdfs/	VERB
eistud-25726	151	39	aprincipal-agentapproach.pdf	aprincipal-agentapproach.pdf	PROPN
eistud-25726	151	40	.	.	PROPN
eistud-25726	151	41	bygrave	bygrave	PROPN
eistud-25726	151	42	,	,	PUNCT
eistud-25726	151	43	w.	w.	PROPN
eistud-25726	151	44	b.	b.	PROPN
eistud-25726	151	45	and	and	CCONJ
eistud-25726	151	46	j.	j.	PROPN
eistud-25726	151	47	a.	a.	PROPN
eistud-25726	151	48	timmons	timmons	PROPN
eistud-25726	151	49	(	(	PUNCT
eistud-25726	151	50	1992	1992	NUM
eistud-25726	151	51	)	)	PUNCT
eistud-25726	151	52	venture	venture	NOUN
eistud-25726	151	53	capital	capital	NOUN
eistud-25726	151	54	at	at	ADP
eistud-25726	151	55	the	the	DET
eistud-25726	151	56	crossroads	crossroad	NOUN
eistud-25726	151	57	,	,	PUNCT
eistud-25726	151	58	boston	boston	PROPN
eistud-25726	151	59	:	:	PUNCT
eistud-25726	151	60	harvard	harvard	PROPN
eistud-25726	151	61	business	business	PROPN
eistud-25726	151	62	school	school	PROPN
eistud-25726	151	63	press	press	NOUN
eistud-25726	151	64	bottazzi	bottazzi	NOUN
eistud-25726	151	65	,	,	PUNCT
eistud-25726	151	66	l.	l.	PROPN
eistud-25726	151	67	,	,	PUNCT
eistud-25726	151	68	marco	marco	PROPN
eistud-25726	151	69	da	da	PROPN
eistud-25726	151	70	rin	rin	PROPN
eistud-25726	151	71	(	(	PUNCT
eistud-25726	151	72	2002	2002	NUM
eistud-25726	151	73	)	)	PUNCT
eistud-25726	151	74	venture	venture	NOUN
eistud-25726	151	75	capital	capital	NOUN
eistud-25726	151	76	in	in	ADP
eistud-25726	151	77	europe	europe	PROPN
eistud-25726	151	78	:	:	PUNCT
eistud-25726	151	79	europe	europe	PROPN
eistud-25726	151	80	and	and	CCONJ
eistud-25726	151	81	the	the	DET
eistud-25726	151	82	financing	financing	NOUN
eistud-25726	151	83	of	of	ADP
eistud-25726	151	84	european	european	ADJ
eistud-25726	151	85	innovative	innovative	ADJ
eistud-25726	151	86	firms	firm	NOUN
eistud-25726	151	87	,	,	PUNCT
eistud-25726	151	88	economic	economic	ADJ
eistud-25726	151	89	policy	policy	NOUN
eistud-25726	151	90	,	,	PUNCT
eistud-25726	151	91	17	17	NUM
eistud-25726	151	92	(	(	PUNCT
eistud-25726	151	93	1	1	NUM
eistud-25726	151	94	)	)	PUNCT
eistud-25726	151	95	,	,	PUNCT
eistud-25726	151	96	229	229	NUM
eistud-25726	151	97	—	—	SYM
eistud-25726	151	98	69	69	NUM
eistud-25726	151	99	.	.	PUNCT
eistud-25726	152	1	bottazzi	bottazzi	NOUN
eistud-25726	152	2	,	,	PUNCT
eistud-25726	152	3	l.	l.	PROPN
eistud-25726	152	4	,	,	PUNCT
eistud-25726	152	5	da	da	PROPN
eistud-25726	152	6	rin	rin	PROPN
eistud-25726	152	7	.	.	PUNCT
eistud-25726	153	1	m	m	PROPN
eistud-25726	153	2	,	,	PUNCT
eistud-25726	153	3	giavazzi	giavazzi	INTJ
eistud-25726	153	4	,	,	PUNCT
eistud-25726	153	5	f.	f.	PROPN
eistud-25726	153	6	(	(	PUNCT
eistud-25726	153	7	2003	2003	NUM
eistud-25726	153	8	)	)	PUNCT
eistud-25726	153	9	research	research	NOUN
eistud-25726	153	10	,	,	PUNCT
eistud-25726	153	11	patents	patent	NOUN
eistud-25726	153	12	,	,	PUNCT
eistud-25726	153	13	and	and	CCONJ
eistud-25726	153	14	the	the	DET
eistud-25726	153	15	financing	financing	NOUN
eistud-25726	153	16	of	of	ADP
eistud-25726	153	17	ideas	idea	NOUN
eistud-25726	153	18	:	:	PUNCT
eistud-25726	153	19	why	why	SCONJ
eistud-25726	153	20	is	be	AUX
eistud-25726	153	21	the	the	DET
eistud-25726	153	22	eu	eu	PROPN
eistud-25726	153	23	growth	growth	NOUN
eistud-25726	153	24	potential	potential	NOUN
eistud-25726	153	25	so	so	ADV
eistud-25726	153	26	low	low	ADJ
eistud-25726	153	27	?	?	PUNCT
eistud-25726	154	1	in	in	ADP
eistud-25726	154	2	andré	andré	PROPN
eistud-25726	154	3	sapir	sapir	PROPN
eistud-25726	154	4	and	and	CCONJ
eistud-25726	154	5	mario	mario	PROPN
eistud-25726	154	6	nava	nava	PROPN
eistud-25726	154	7	(	(	PUNCT
eistud-25726	154	8	eds	ed	NOUN
eistud-25726	154	9	)	)	PUNCT
eistud-25726	154	10	economic	economic	ADJ
eistud-25726	154	11	policy	policy	NOUN
eistud-25726	154	12	-	-	PUNCT
eistud-25726	154	13	making	making	NOUN
eistud-25726	154	14	in	in	ADP
eistud-25726	154	15	the	the	DET
eistud-25726	154	16	european	european	PROPN
eistud-25726	154	17	union	union	PROPN
eistud-25726	154	18	,	,	PUNCT
eistud-25726	154	19	brussels	brussels	PROPN
eistud-25726	154	20	,	,	PUNCT
eistud-25726	154	21	european	european	PROPN
eistud-25726	154	22	commission	commission	PROPN
eistud-25726	154	23	.	.	PUNCT
eistud-25726	155	1	çebi	çebi	PROPN
eistud-25726	155	2	p.	p.	NOUN
eistud-25726	155	3	thorning	thorne	VERB
eistud-25726	155	4	m.	m.	NOUN
eistud-25726	155	5	(	(	PUNCT
eistud-25726	155	6	2004	2004	NUM
eistud-25726	155	7	)	)	PUNCT
eistud-25726	155	8	international	international	ADJ
eistud-25726	155	9	council	council	NOUN
eistud-25726	155	10	for	for	ADP
eistud-25726	155	11	capital	capital	NOUN
eistud-25726	155	12	formation	formation	NOUN
eistud-25726	155	13	.	.	PUNCT
eistud-25726	156	1	private	private	ADJ
eistud-25726	156	2	pension	pension	NOUN
eistud-25726	156	3	expansion	expansion	NOUN
eistud-25726	156	4	in	in	ADP
eistud-25726	156	5	the	the	DET
eistud-25726	156	6	eu	eu	PROPN
eistud-25726	156	7	:	:	PUNCT
eistud-25726	156	8	obstacles	obstacle	NOUN
eistud-25726	156	9	and	and	CCONJ
eistud-25726	156	10	opportunities	opportunity	NOUN
eistud-25726	156	11	.	.	PUNCT
eistud-25726	156	12	presented	present	VERB
eistud-25726	156	13	at	at	ADP
eistud-25726	156	14	a	a	DET
eistud-25726	156	15	forum	forum	NOUN
eistud-25726	156	16	co	co	VERB
eistud-25726	156	17	-	-	VERB
eistud-25726	156	18	sponsored	sponsor	VERB
eistud-25726	156	19	by	by	ADP
eistud-25726	156	20	the	the	DET
eistud-25726	156	21	iccf	iccf	NOUN
eistud-25726	156	22	and	and	CCONJ
eistud-25726	156	23	the	the	DET
eistud-25726	156	24	istituto	istituto	PROPN
eistud-25726	156	25	bruno	bruno	PROPN
eistud-25726	156	26	leoni	leoni	PROPN
eistud-25726	156	27	,	,	PUNCT
eistud-25726	156	28	“	"	PUNCT
eistud-25726	156	29	pensions	pension	NOUN
eistud-25726	156	30	,	,	PUNCT
eistud-25726	156	31	reform	reform	NOUN
eistud-25726	156	32	or	or	CCONJ
eistud-25726	156	33	die	die	VERB
eistud-25726	156	34	,	,	PUNCT
eistud-25726	156	35	”	"	PUNCT
eistud-25726	156	36	milan	milan	PROPN
eistud-25726	156	37	,	,	PUNCT
eistud-25726	156	38	italy	italy	PROPN
eistud-25726	156	39	june	june	PROPN
eistud-25726	156	40	17	17	NUM
eistud-25726	156	41	,	,	PUNCT
eistud-25726	156	42	2004	2004	NUM
eistud-25726	156	43	.	.	PUNCT
eistud-25726	157	1	european	european	PROPN
eistud-25726	157	2	commission	commission	PROPN
eistud-25726	157	3	(	(	PUNCT
eistud-25726	157	4	2003	2003	NUM
eistud-25726	157	5	)	)	PUNCT
eistud-25726	157	6	communication	communication	NOUN
eistud-25726	157	7	on	on	ADP
eistud-25726	157	8	the	the	DET
eistud-25726	157	9	implementation	implementation	NOUN
eistud-25726	157	10	of	of	ADP
eistud-25726	157	11	the	the	DET
eistud-25726	157	12	risk	risk	NOUN
eistud-25726	157	13	capital	capital	NOUN
eistud-25726	157	14	action	action	NOUN
eistud-25726	157	15	plan	plan	NOUN
eistud-25726	157	16	,	,	PUNCT
eistud-25726	157	17	comm	comm	NOUN
eistud-25726	157	18	(	(	PUNCT
eistud-25726	157	19	2003	2003	NUM
eistud-25726	157	20	)	)	PUNCT
eistud-25726	157	21	654	654	NUM
eistud-25726	157	22	,	,	PUNCT
eistud-25726	157	23	brussels	brussels	PROPN
eistud-25726	157	24	.	.	PUNCT
eistud-25726	158	1	eurostat	eurostat	PROPN
eistud-25726	158	2	(	(	PUNCT
eistud-25726	158	3	2008	2008	NUM
eistud-25726	158	4	)	)	PUNCT
eistud-25726	158	5	population	population	NOUN
eistud-25726	158	6	and	and	CCONJ
eistud-25726	158	7	social	social	ADJ
eistud-25726	158	8	conditions	condition	NOUN
eistud-25726	158	9	.	.	PUNCT
eistud-25726	159	1	eurostat	eurostat	PROPN
eistud-25726	159	2	statistics	statistic	NOUN
eistud-25726	159	3	in	in	ADP
eistud-25726	159	4	focus	focus	NOUN
eistud-25726	159	5	,	,	PUNCT
eistud-25726	159	6	72/2008	72/2008	NUM
eistud-25726	159	7	,	,	PUNCT
eistud-25726	159	8	online	online	ADJ
eistud-25726	159	9	paper	paper	NOUN
eistud-25726	159	10	:	:	PUNCT
eistud-25726	159	11	http://epp.eurostat.ec.europa.eu/cache/ity	http://epp.eurostat.ec.europa.eu/cache/ity	NOUN
eistud-25726	159	12	_	_	SYM
eistud-25726	159	13	offpub	offpub	NOUN
eistud-25726	159	14	/	/	SYM
eistud-25726	159	15	ks	ks	NOUN
eistud-25726	159	16	-	-	PUNCT
eistud-25726	159	17	sf-08	sf-08	NOUN
eistud-25726	159	18	-	-	PUNCT
eistud-25726	159	19	072	072	NUM
eistud-25726	159	20	/	/	SYM
eistud-25726	159	21	en	en	NOUN
eistud-25726	159	22	/	/	SYM
eistud-25726	159	23	ks	ks	NOUN
eistud-25726	159	24	-	-	PUNCT
eistud-25726	159	25	sf-08	sf-08	NOUN
eistud-25726	159	26	-	-	PUNCT
eistud-25726	159	27	072	072	NUM
eistud-25726	159	28	-	-	PUNCT
eistud-25726	159	29	en	en	X
eistud-25726	159	30	.	.	PUNCT
eistud-25726	159	31	pdf	pdf	NOUN
eistud-25726	159	32	.	.	PUNCT
eistud-25726	159	33	evca	evca	VERB
eistud-25726	159	34	yearbook	yearbook	NOUN
eistud-25726	159	35	(	(	PUNCT
eistud-25726	159	36	2006	2006	NUM
eistud-25726	159	37	)	)	PUNCT
eistud-25726	159	38	evca	evca	PROPN
eistud-25726	159	39	,	,	PUNCT
eistud-25726	159	40	thomson	thomson	PROPN
eistud-25726	159	41	financial	financial	NOUN
eistud-25726	159	42	,	,	PUNCT
eistud-25726	159	43	pricewaterhousecoopers	pricewaterhousecooper	NOUN
eistud-25726	159	44	.	.	PUNCT
eistud-25726	160	1	evca	evca	VERB
eistud-25726	160	2	yearbook	yearbook	NOUN
eistud-25726	160	3	(	(	PUNCT
eistud-25726	160	4	2007	2007	NUM
eistud-25726	160	5	)	)	PUNCT
eistud-25726	160	6	evca	evca	PROPN
eistud-25726	160	7	,	,	PUNCT
eistud-25726	160	8	thomson	thomson	PROPN
eistud-25726	160	9	financial	financial	NOUN
eistud-25726	160	10	,	,	PUNCT
eistud-25726	160	11	pricewaterhousecoopers	pricewaterhousecooper	NOUN
eistud-25726	160	12	.	.	PUNCT
eistud-25726	161	1	evca	evca	VERB
eistud-25726	161	2	white	white	PROPN
eistud-25726	161	3	paper	paper	PROPN
eistud-25726	161	4	(	(	PUNCT
eistud-25726	161	5	2001	2001	NUM
eistud-25726	161	6	)	)	PUNCT
eistud-25726	161	7	,	,	PUNCT
eistud-25726	161	8	“	"	PUNCT
eistud-25726	161	9	policy	policy	NOUN
eistud-25726	161	10	priorities	priority	NOUN
eistud-25726	161	11	for	for	ADP
eistud-25726	161	12	private	private	ADJ
eistud-25726	161	13	equity	equity	NOUN
eistud-25726	161	14	:	:	PUNCT
eistud-25726	161	15	fostering	foster	VERB
eistud-25726	161	16	long	long	ADJ
eistud-25726	161	17	-	-	PUNCT
eistud-25726	161	18	term	term	NOUN
eistud-25726	161	19	economic	economic	ADJ
eistud-25726	161	20	growth	growth	NOUN
eistud-25726	161	21	”	"	PUNCT
eistud-25726	161	22	,	,	PUNCT
eistud-25726	161	23	evca	evca	VERB
eistud-25726	161	24	white	white	ADJ
eistud-25726	161	25	paper	paper	NOUN
eistud-25726	161	26	.	.	PUNCT
eistud-25726	162	1	gompers	gomper	NOUN
eistud-25726	162	2	,	,	PUNCT
eistud-25726	162	3	p.	p.	PROPN
eistud-25726	162	4	,	,	PUNCT
eistud-25726	162	5	lerner	lerner	PROPN
eistud-25726	162	6	,	,	PUNCT
eistud-25726	162	7	j.	j.	PROPN
eistud-25726	162	8	(	(	PUNCT
eistud-25726	162	9	1998	1998	NUM
eistud-25726	162	10	)	)	PUNCT
eistud-25726	162	11	what	what	PRON
eistud-25726	162	12	drives	drive	VERB
eistud-25726	162	13	venture	venture	NOUN
eistud-25726	162	14	capital	capital	NOUN
eistud-25726	162	15	fundraising	fundraising	NOUN
eistud-25726	162	16	?	?	PUNCT
eistud-25726	163	1	brookings	brookings	PROPN
eistud-25726	163	2	papers	paper	NOUN
eistud-25726	163	3	on	on	ADP
eistud-25726	163	4	economic	economic	ADJ
eistud-25726	163	5	activity	activity	NOUN
eistud-25726	163	6	(	(	PUNCT
eistud-25726	163	7	microeconomics	microeconomics	NOUN
eistud-25726	163	8	)	)	PUNCT
eistud-25726	163	9	,	,	PUNCT
eistud-25726	163	10	149	149	NUM
eistud-25726	163	11	–	–	SYM
eistud-25726	163	12	192	192	NUM
eistud-25726	163	13	.	.	PUNCT
eistud-25726	164	1	hege	hege	NOUN
eistud-25726	164	2	,	,	PUNCT
eistud-25726	164	3	u.	u.	PROPN
eistud-25726	164	4	,	,	PUNCT
eistud-25726	164	5	palomino	palomino	PROPN
eistud-25726	164	6	,	,	PUNCT
eistud-25726	164	7	f.	f.	PROPN
eistud-25726	164	8	,	,	PUNCT
eistud-25726	164	9	schwienbacher	schwienbacher	PROPN
eistud-25726	164	10	,	,	PUNCT
eistud-25726	164	11	a.	a.	NOUN
eistud-25726	164	12	(	(	PUNCT
eistud-25726	164	13	2006	2006	NUM
eistud-25726	164	14	)	)	PUNCT
eistud-25726	164	15	venture	venture	NOUN
eistud-25726	164	16	capital	capital	NOUN
eistud-25726	164	17	performance	performance	NOUN
eistud-25726	164	18	:	:	PUNCT
eistud-25726	164	19	the	the	DET
eistud-25726	164	20	disparity	disparity	NOUN
eistud-25726	164	21	between	between	ADP
eistud-25726	164	22	europe	europe	PROPN
eistud-25726	164	23	and	and	CCONJ
eistud-25726	164	24	united	united	PROPN
eistud-25726	164	25	states	states	PROPN
eistud-25726	164	26	.	.	PUNCT
eistud-25726	165	1	issn	issn	PROPN
eistud-25726	165	2	1822	1822	NUM
eistud-25726	165	3	-	-	SYM
eistud-25726	165	4	8402	8402	NUM
eistud-25726	165	5	european	european	ADJ
eistud-25726	165	6	integration	integration	NOUN
eistud-25726	165	7	studies	study	NOUN
eistud-25726	165	8	.	.	PUNCT
eistud-25726	166	1	2009	2009	NUM
eistud-25726	166	2	.	.	PUNCT
eistud-25726	167	1	no	no	DET
eistud-25726	167	2	3	3	NUM
eistud-25726	167	3	92	92	NUM
eistud-25726	167	4	hyytinen	hyytinen	NOUN
eistud-25726	167	5	,	,	PUNCT
eistud-25726	167	6	a.	a.	NOUN
eistud-25726	167	7	,	,	PUNCT
eistud-25726	167	8	pajarinen	pajarinen	NOUN
eistud-25726	167	9	,	,	PUNCT
eistud-25726	167	10	m.	m.	NOUN
eistud-25726	167	11	(	(	PUNCT
eistud-25726	167	12	2001	2001	NUM
eistud-25726	167	13	)	)	PUNCT
eistud-25726	167	14	financial	financial	ADJ
eistud-25726	167	15	systems	system	NOUN
eistud-25726	167	16	and	and	CCONJ
eistud-25726	167	17	venture	venture	NOUN
eistud-25726	167	18	capital	capital	NOUN
eistud-25726	167	19	in	in	ADP
eistud-25726	167	20	nordic	nordic	ADJ
eistud-25726	167	21	countries	country	NOUN
eistud-25726	167	22	:	:	PUNCT
eistud-25726	167	23	a	a	DET
eistud-25726	167	24	comparative	comparative	ADJ
eistud-25726	167	25	study	study	NOUN
eistud-25726	167	26	.	.	PUNCT
eistud-25726	168	1	helsinki	helsinki	PROPN
eistud-25726	168	2	:	:	PUNCT
eistud-25726	168	3	etla	etla	NOUN
eistud-25726	168	4	,	,	PUNCT
eistud-25726	168	5	elinkeinoelämän	elinkeinoelämän	VERB
eistud-25726	168	6	tutkimuslaitos	tutkimuslaitos	NOUN
eistud-25726	168	7	,	,	PUNCT
eistud-25726	168	8	the	the	DET
eistud-25726	168	9	research	research	PROPN
eistud-25726	168	10	institute	institute	PROPN
eistud-25726	168	11	of	of	ADP
eistud-25726	168	12	the	the	DET
eistud-25726	168	13	finnish	finnish	ADJ
eistud-25726	168	14	economy,2001	economy,2001	NOUN
eistud-25726	168	15	,	,	PUNCT
eistud-25726	168	16	56	56	NUM
eistud-25726	168	17	p.	p.	NOUN
eistud-25726	168	18	keskusteluaiheita	keskusteluaiheita	PROPN
eistud-25726	168	19	,	,	PUNCT
eistud-25726	168	20	discussion	discussion	NOUN
eistud-25726	168	21	papers	paper	NOUN
eistud-25726	168	22	,	,	PUNCT
eistud-25726	168	23	issn	issn	PROPN
eistud-25726	168	24	07816847	07816847	NUM
eistud-25726	168	25	;	;	PUNCT
eistud-25726	168	26	no	no	INTJ
eistud-25726	168	27	.	.	NOUN
eistud-25726	168	28	774	774	NUM
eistud-25726	168	29	,	,	PUNCT
eistud-25726	168	30	online	online	ADJ
eistud-25726	168	31	paper	paper	NOUN
eistud-25726	168	32	:	:	PUNCT
eistud-25726	168	33	http://www.etla.fi/	http://www.etla.fi/	NUM
eistud-25726	168	34	files/596_dp774.pdf	files/596_dp774.pdf	NUM
eistud-25726	168	35	.	.	PROPN
eistud-25726	168	36	iglesias	iglesias	PROPN
eistud-25726	168	37	a.	a.	PROPN
eistud-25726	168	38	,	,	PUNCT
eistud-25726	168	39	palacios	palacios	PROPN
eistud-25726	168	40	r.j	r.j	PROPN
eistud-25726	168	41	.	.	PROPN
eistud-25726	168	42	(	(	PUNCT
eistud-25726	168	43	2000	2000	NUM
eistud-25726	168	44	)	)	PUNCT
eistud-25726	168	45	.	.	PUNCT
eistud-25726	169	1	managing	manage	VERB
eistud-25726	169	2	public	public	ADJ
eistud-25726	169	3	pension	pension	NOUN
eistud-25726	169	4	reserves	reserve	NOUN
eistud-25726	169	5	:	:	PUNCT
eistud-25726	169	6	part	part	NOUN
eistud-25726	169	7	i	i	PRON
eistud-25726	169	8	evidence	evidence	VERB
eistud-25726	169	9	from	from	ADP
eistud-25726	169	10	the	the	DET
eistud-25726	169	11	international	international	ADJ
eistud-25726	169	12	experience	experience	NOUN
eistud-25726	169	13	.	.	PUNCT
eistud-25726	170	1	world	world	PROPN
eistud-25726	170	2	bank	bank	PROPN
eistud-25726	170	3	,	,	PUNCT
eistud-25726	170	4	january	january	PROPN
eistud-25726	170	5	2000	2000	NUM
eistud-25726	170	6	.	.	PUNCT
eistud-25726	171	1	jakubavičius	jakubavičius	PROPN
eistud-25726	171	2	,	,	PUNCT
eistud-25726	171	3	a.	a.	PROPN
eistud-25726	171	4	,	,	PUNCT
eistud-25726	171	5	jucevičius	jucevičius	PROPN
eistud-25726	171	6	,	,	PUNCT
eistud-25726	171	7	r.	r.	PROPN
eistud-25726	171	8	,	,	PUNCT
eistud-25726	171	9	jucevičius	jucevičius	PROPN
eistud-25726	171	10	,	,	PUNCT
eistud-25726	171	11	g.	g.	PROPN
eistud-25726	171	12	,	,	PUNCT
eistud-25726	171	13	kriaučionienė	kriaučionienė	PROPN
eistud-25726	171	14	,	,	PUNCT
eistud-25726	171	15	m.	m.	NOUN
eistud-25726	171	16	,	,	PUNCT
eistud-25726	171	17	keršys	keršys	NOUN
eistud-25726	171	18	,	,	PUNCT
eistud-25726	171	19	m.	m.	NOUN
eistud-25726	171	20	(	(	PUNCT
eistud-25726	171	21	2008	2008	NUM
eistud-25726	171	22	)	)	PUNCT
eistud-25726	171	23	inovacijos	inovacijos	NOUN
eistud-25726	171	24	versle	versle	PROPN
eistud-25726	171	25	procesai	procesai	PROPN
eistud-25726	171	26	,	,	PUNCT
eistud-25726	171	27	parama	parama	PROPN
eistud-25726	171	28	,	,	PUNCT
eistud-25726	171	29	tinklaveika	tinklaveika	NOUN
eistud-25726	171	30	,	,	PUNCT
eistud-25726	171	31	vilnius	vilnius	PROPN
eistud-25726	171	32	:	:	PUNCT
eistud-25726	171	33	lietuvos	lietuvo	VERB
eistud-25726	171	34	inovacijų	inovacijų	PROPN
eistud-25726	171	35	centras	centras	PROPN
eistud-25726	171	36	jeng	jeng	PROPN
eistud-25726	171	37	,	,	PUNCT
eistud-25726	171	38	l.l	l.l	PROPN
eistud-25726	171	39	.	.	PROPN
eistud-25726	171	40	ir	ir	PROPN
eistud-25726	171	41	wells	wells	PROPN
eistud-25726	171	42	,	,	PUNCT
eistud-25726	171	43	p.c	p.c	PROPN
eistud-25726	171	44	.	.	PROPN
eistud-25726	171	45	(	(	PUNCT
eistud-25726	171	46	1998	1998	NUM
eistud-25726	171	47	)	)	PUNCT
eistud-25726	171	48	the	the	DET
eistud-25726	171	49	determinants	determinant	NOUN
eistud-25726	171	50	of	of	ADP
eistud-25726	171	51	venture	venture	NOUN
eistud-25726	171	52	capital	capital	NOUN
eistud-25726	171	53	funding	funding	NOUN
eistud-25726	171	54	:	:	PUNCT
eistud-25726	171	55	evidence	evidence	NOUN
eistud-25726	171	56	across	across	ADP
eistud-25726	171	57	countries	country	NOUN
eistud-25726	171	58	,	,	PUNCT
eistud-25726	171	59	national	national	ADJ
eistud-25726	171	60	bureau	bureau	PROPN
eistud-25726	171	61	of	of	ADP
eistud-25726	171	62	economic	economic	ADJ
eistud-25726	171	63	research	research	NOUN
eistud-25726	171	64	(	(	PUNCT
eistud-25726	171	65	nber	nber	PROPN
eistud-25726	171	66	)	)	PUNCT
eistud-25726	171	67	,	,	PUNCT
eistud-25726	171	68	online	online	ADJ
eistud-25726	171	69	paper	paper	NOUN
eistud-25726	171	70	:	:	PUNCT
eistud-25726	171	71	http://papers.ssrn.com/sol3/papers	http://papers.ssrn.com/sol3/paper	NOUN
eistud-25726	171	72	.	.	PUNCT
eistud-25726	172	1	cfm?abstract_id=103948	cfm?abstract_id=103948	PROPN
eistud-25726	172	2	.	.	PUNCT
eistud-25726	173	1	jeng	jeng	PROPN
eistud-25726	173	2	,	,	PUNCT
eistud-25726	173	3	l.l	l.l	PROPN
eistud-25726	173	4	.	.	PROPN
eistud-25726	173	5	and	and	CCONJ
eistud-25726	173	6	wells	wells	PROPN
eistud-25726	173	7	,	,	PUNCT
eistud-25726	173	8	p.c	p.c	PROPN
eistud-25726	173	9	.	.	PROPN
eistud-25726	173	10	(	(	PUNCT
eistud-25726	173	11	1999	1999	NUM
eistud-25726	173	12	)	)	PUNCT
eistud-25726	173	13	the	the	DET
eistud-25726	173	14	determinants	determinant	NOUN
eistud-25726	173	15	of	of	ADP
eistud-25726	173	16	venture	venture	NOUN
eistud-25726	173	17	capital	capital	NOUN
eistud-25726	173	18	funding	funding	NOUN
eistud-25726	173	19	:	:	PUNCT
eistud-25726	173	20	evidence	evidence	NOUN
eistud-25726	173	21	across	across	ADP
eistud-25726	173	22	countries	country	NOUN
eistud-25726	173	23	.	.	PUNCT
eistud-25726	174	1	journal	journal	NOUN
eistud-25726	174	2	of	of	ADP
eistud-25726	174	3	corporate	corporate	ADJ
eistud-25726	174	4	finance	finance	NOUN
eistud-25726	174	5	6	6	NUM
eistud-25726	174	6	,	,	PUNCT
eistud-25726	174	7	pp	pp	ADJ
eistud-25726	174	8	.	.	PUNCT
eistud-25726	175	1	241	241	NUM
eistud-25726	175	2	-	-	SYM
eistud-25726	175	3	289	289	NUM
eistud-25726	175	4	.	.	PUNCT
eistud-25726	176	1	kenney	kenney	PROPN
eistud-25726	176	2	,	,	PUNCT
eistud-25726	176	3	m.	m.	NOUN
eistud-25726	176	4	(	(	PUNCT
eistud-25726	176	5	2000	2000	NUM
eistud-25726	176	6	)	)	PUNCT
eistud-25726	176	7	note	note	NOUN
eistud-25726	176	8	on	on	ADP
eistud-25726	176	9	„	„	PUNCT
eistud-25726	176	10	venture	venture	NOUN
eistud-25726	176	11	capital	capital	NOUN
eistud-25726	176	12	“	"	PUNCT
eistud-25726	176	13	,	,	PUNCT
eistud-25726	176	14	brie	brie	NOUN
eistud-25726	176	15	working	working	PROPN
eistud-25726	176	16	paper	paper	PROPN
eistud-25726	176	17	142	142	NUM
eistud-25726	176	18	,	,	PUNCT
eistud-25726	176	19	online	online	ADJ
eistud-25726	176	20	paper	paper	NOUN
eistud-25726	176	21	:	:	PUNCT
eistud-25726	176	22	http://brie	http://brie	X
eistud-25726	176	23	.	.	PUNCT
eistud-25726	177	1	berkeley.edu/econ/publications/wp/wp142.pdf	berkeley.edu/econ/publications/wp/wp142.pdf	PROPN
eistud-25726	177	2	.	.	PUNCT
eistud-25726	178	1	lerner	lerner	PROPN
eistud-25726	178	2	,	,	PUNCT
eistud-25726	178	3	j.	j.	PROPN
eistud-25726	178	4	(	(	PUNCT
eistud-25726	178	5	1998	1998	NUM
eistud-25726	178	6	)	)	PUNCT
eistud-25726	178	7	boom	boom	NOUN
eistud-25726	178	8	and	and	CCONJ
eistud-25726	178	9	boost	boost	VERB
eistud-25726	178	10	boom	boom	NOUN
eistud-25726	178	11	and	and	CCONJ
eistud-25726	178	12	bust	bust	NOUN
eistud-25726	178	13	in	in	ADP
eistud-25726	178	14	the	the	DET
eistud-25726	178	15	venture	venture	NOUN
eistud-25726	178	16	capital	capital	NOUN
eistud-25726	178	17	industry	industry	NOUN
eistud-25726	178	18	and	and	CCONJ
eistud-25726	178	19	the	the	DET
eistud-25726	178	20	impact	impact	NOUN
eistud-25726	178	21	on	on	ADP
eistud-25726	178	22	innovation	innovation	NOUN
eistud-25726	178	23	,	,	PUNCT
eistud-25726	178	24	negotiation	negotiation	NOUN
eistud-25726	178	25	,	,	PUNCT
eistud-25726	178	26	organizations	organization	NOUN
eistud-25726	178	27	and	and	CCONJ
eistud-25726	178	28	markets	market	VERB
eistud-25726	178	29	research	research	NOUN
eistud-25726	178	30	papers	paper	NOUN
eistud-25726	178	31	,	,	PUNCT
eistud-25726	178	32	harvard	harvard	PROPN
eistud-25726	178	33	nom	nom	PROPN
eistud-25726	178	34	research	research	PROPN
eistud-25726	178	35	paper	paper	PROPN
eistud-25726	178	36	no	no	INTJ
eistud-25726	178	37	.	.	NOUN
eistud-25726	178	38	03	03	NUM
eistud-25726	178	39	-	-	SYM
eistud-25726	178	40	13	13	NUM
eistud-25726	178	41	,	,	PUNCT
eistud-25726	178	42	online	online	ADJ
eistud-25726	178	43	paper	paper	NOUN
eistud-25726	178	44	:	:	PUNCT
eistud-25726	178	45	http://papers.ssrn.com/sol3/	http://papers.ssrn.com/sol3/	PUNCT
eistud-25726	179	1	papers.cfm?abstract_id=366041	papers.cfm?abstract_id=366041	PROPN
eistud-25726	179	2	.	.	PUNCT
eistud-25726	180	1	lerner	lerner	PROPN
eistud-25726	180	2	,	,	PUNCT
eistud-25726	180	3	j.	j.	PROPN
eistud-25726	180	4	(	(	PUNCT
eistud-25726	180	5	1998	1998	NUM
eistud-25726	180	6	)	)	PUNCT
eistud-25726	180	7	venture	venture	NOUN
eistud-25726	180	8	capital	capital	NOUN
eistud-25726	180	9	and	and	CCONJ
eistud-25726	180	10	private	private	ADJ
eistud-25726	180	11	equity	equity	NOUN
eistud-25726	180	12	:	:	PUNCT
eistud-25726	180	13	a	a	DET
eistud-25726	180	14	course	course	NOUN
eistud-25726	180	15	overview	overview	NOUN
eistud-25726	180	16	,	,	PUNCT
eistud-25726	180	17	harvard	harvard	PROPN
eistud-25726	180	18	business	business	PROPN
eistud-25726	180	19	school	school	PROPN
eistud-25726	180	20	finance	finance	NOUN
eistud-25726	180	21	unit	unit	NOUN
eistud-25726	180	22	;	;	PUNCT
eistud-25726	180	23	harvard	harvard	PROPN
eistud-25726	180	24	university	university	PROPN
eistud-25726	180	25	entrepreneurial	entrepreneurial	ADJ
eistud-25726	180	26	management	management	NOUN
eistud-25726	180	27	unit	unit	NOUN
eistud-25726	180	28	;	;	PUNCT
eistud-25726	180	29	national	national	PROPN
eistud-25726	180	30	bureau	bureau	PROPN
eistud-25726	180	31	of	of	ADP
eistud-25726	180	32	economic	economic	ADJ
eistud-25726	180	33	research	research	NOUN
eistud-25726	180	34	(	(	PUNCT
eistud-25726	180	35	nber	nber	PROPN
eistud-25726	180	36	)	)	PUNCT
eistud-25726	180	37	,	,	PUNCT
eistud-25726	180	38	online	online	ADJ
eistud-25726	180	39	paper	paper	NOUN
eistud-25726	180	40	:	:	PUNCT
eistud-25726	180	41	http://papers.ssrn	http://papers.ssrn	VERB
eistud-25726	180	42	.	.	PUNCT
eistud-25726	180	43	com	com	NOUN
eistud-25726	180	44	/	/	SYM
eistud-25726	180	45	sol3	sol3	NOUN
eistud-25726	180	46	/	/	SYM
eistud-25726	180	47	papers.cfm?abstract_id=79148	papers.cfm?abstract_id=79148	PROPN
eistud-25726	180	48	.	.	PUNCT
eistud-25726	181	1	mayer	mayer	PROPN
eistud-25726	181	2	,	,	PUNCT
eistud-25726	181	3	с	с	PROPN
eistud-25726	181	4	.	.	PROPN
eistud-25726	181	5	,	,	PUNCT
eistud-25726	181	6	schoors	schoor	NOUN
eistud-25726	181	7	,	,	PUNCT
eistud-25726	181	8	k.	k.	PROPN
eistud-25726	181	9	,	,	PUNCT
eistud-25726	181	10	yafeh	yafeh	NOUN
eistud-25726	181	11	,	,	PUNCT
eistud-25726	181	12	y.	y.	PROPN
eistud-25726	181	13	(	(	PUNCT
eistud-25726	181	14	2003	2003	NUM
eistud-25726	181	15	)	)	PUNCT
eistud-25726	181	16	sources	source	NOUN
eistud-25726	181	17	of	of	ADP
eistud-25726	181	18	funds	fund	NOUN
eistud-25726	181	19	and	and	CCONJ
eistud-25726	181	20	investment	investment	NOUN
eistud-25726	181	21	activities	activity	NOUN
eistud-25726	181	22	of	of	ADP
eistud-25726	181	23	venture	venture	NOUN
eistud-25726	181	24	capital	capital	NOUN
eistud-25726	181	25	funds	fund	NOUN
eistud-25726	181	26	:	:	PUNCT
eistud-25726	181	27	evidence	evidence	NOUN
eistud-25726	181	28	from	from	ADP
eistud-25726	181	29	germany	germany	PROPN
eistud-25726	181	30	,	,	PUNCT
eistud-25726	181	31	israel	israel	PROPN
eistud-25726	181	32	,	,	PUNCT
eistud-25726	181	33	japan	japan	PROPN
eistud-25726	181	34	and	and	CCONJ
eistud-25726	181	35	the	the	DET
eistud-25726	181	36	uk	uk	PROPN
eistud-25726	181	37	,	,	PUNCT
eistud-25726	181	38	working	work	VERB
eistud-25726	181	39	paper	paper	NOUN
eistud-25726	181	40	9645	9645	NUM
eistud-25726	181	41	,	,	PUNCT
eistud-25726	181	42	national	national	ADJ
eistud-25726	181	43	bureau	bureau	NOUN
eistud-25726	181	44	of	of	ADP
eistud-25726	181	45	economic	economic	ADJ
eistud-25726	181	46	research	research	NOUN
eistud-25726	181	47	,	,	PUNCT
eistud-25726	181	48	online	online	ADJ
eistud-25726	181	49	paper	paper	NOUN
eistud-25726	181	50	:	:	PUNCT
eistud-25726	181	51	http://www.nber	http://www.nber	PROPN
eistud-25726	181	52	.	.	PUNCT
eistud-25726	182	1	org	org	ADJ
eistud-25726	182	2	/	/	SYM
eistud-25726	182	3	papers	paper	NOUN
eistud-25726	182	4	/	/	SYM
eistud-25726	182	5	w9645.pdf?new_window=1	w9645.pdf?new_window=1	PROPN
eistud-25726	182	6	.	.	PUNCT
eistud-25726	183	1	mayer	mayer	PROPN
eistud-25726	183	2	,	,	PUNCT
eistud-25726	183	3	c.	c.	PROPN
eistud-25726	183	4	,	,	PUNCT
eistud-25726	183	5	schoors	schoor	NOUN
eistud-25726	183	6	,	,	PUNCT
eistud-25726	183	7	k.	k.	PROPN
eistud-25726	183	8	,	,	PUNCT
eistud-25726	183	9	yafeh	yafeh	NOUN
eistud-25726	183	10	,	,	PUNCT
eistud-25726	183	11	y.	y.	PROPN
eistud-25726	183	12	(	(	PUNCT
eistud-25726	183	13	2005	2005	NUM
eistud-25726	183	14	)	)	PUNCT
eistud-25726	183	15	sources	source	NOUN
eistud-25726	183	16	of	of	ADP
eistud-25726	183	17	funds	fund	NOUN
eistud-25726	183	18	and	and	CCONJ
eistud-25726	183	19	investment	investment	NOUN
eistud-25726	183	20	activities	activity	NOUN
eistud-25726	183	21	of	of	ADP
eistud-25726	183	22	venture	venture	NOUN
eistud-25726	183	23	capital	capital	NOUN
eistud-25726	183	24	funds	fund	NOUN
eistud-25726	183	25	:	:	PUNCT
eistud-25726	183	26	evidence	evidence	NOUN
eistud-25726	183	27	from	from	ADP
eistud-25726	183	28	germany	germany	PROPN
eistud-25726	183	29	,	,	PUNCT
eistud-25726	183	30	israel	israel	PROPN
eistud-25726	183	31	,	,	PUNCT
eistud-25726	183	32	japan	japan	PROPN
eistud-25726	183	33	and	and	CCONJ
eistud-25726	183	34	the	the	DET
eistud-25726	183	35	united	united	PROPN
eistud-25726	183	36	kingdom	kingdom	PROPN
eistud-25726	183	37	//	//	PROPN
eistud-25726	183	38	journal	journal	PROPN
eistud-25726	183	39	of	of	ADP
eistud-25726	183	40	corporate	corporate	ADJ
eistud-25726	183	41	finance	finance	NOUN
eistud-25726	183	42	11	11	NUM
eistud-25726	183	43	(	(	PUNCT
eistud-25726	183	44	2005	2005	NUM
eistud-25726	183	45	)	)	PUNCT
eistud-25726	184	1	586–608	586–608	NUM
eistud-25726	184	2	.	.	PUNCT
eistud-25726	185	1	megginson	megginson	PROPN
eistud-25726	185	2	,	,	PUNCT
eistud-25726	185	3	w.	w.	PROPN
eistud-25726	185	4	(	(	PUNCT
eistud-25726	185	5	2004	2004	NUM
eistud-25726	185	6	)	)	PUNCT
eistud-25726	185	7	towards	towards	ADP
eistud-25726	185	8	a	a	DET
eistud-25726	185	9	global	global	ADJ
eistud-25726	185	10	model	model	NOUN
eistud-25726	185	11	of	of	ADP
eistud-25726	185	12	venture	venture	NOUN
eistud-25726	185	13	capital	capital	NOUN
eistud-25726	185	14	?	?	PUNCT
eistud-25726	186	1	journal	journal	NOUN
eistud-25726	186	2	of	of	ADP
eistud-25726	186	3	applied	apply	VERB
eistud-25726	186	4	corporate	corporate	ADJ
eistud-25726	186	5	finance	finance	NOUN
eistud-25726	186	6	,	,	PUNCT
eistud-25726	186	7	17	17	NUM
eistud-25726	186	8	(	(	PUNCT
eistud-25726	186	9	1	1	NUM
eistud-25726	186	10	)	)	PUNCT
eistud-25726	186	11	,	,	PUNCT
eistud-25726	187	1	8—26	8—26	PROPN
eistud-25726	187	2	.	.	PUNCT
eistud-25726	187	3	nelson	nelson	PROPN
eistud-25726	187	4	,	,	PUNCT
eistud-25726	187	5	r.	r.	PROPN
eistud-25726	187	6	,	,	PUNCT
eistud-25726	187	7	romer	romer	NOUN
eistud-25726	187	8	,	,	PUNCT
eistud-25726	187	9	p.	p.	NOUN
eistud-25726	187	10	(	(	PUNCT
eistud-25726	187	11	1996	1996	NUM
eistud-25726	187	12	)	)	PUNCT
eistud-25726	187	13	science	science	NOUN
eistud-25726	187	14	,	,	PUNCT
eistud-25726	187	15	economic	economic	ADJ
eistud-25726	187	16	growth	growth	NOUN
eistud-25726	187	17	,	,	PUNCT
eistud-25726	187	18	and	and	CCONJ
eistud-25726	187	19	public	public	ADJ
eistud-25726	187	20	policy	policy	NOUN
eistud-25726	187	21	,	,	PUNCT
eistud-25726	187	22	in	in	ADP
eistud-25726	187	23	bruce	bruce	PROPN
eistud-25726	187	24	smith	smith	PROPN
eistud-25726	187	25	and	and	CCONJ
eistud-25726	187	26	claude	claude	PROPN
eistud-25726	187	27	barfield	barfield	PROPN
eistud-25726	187	28	(	(	PUNCT
eistud-25726	187	29	eds	eds	PROPN
eistud-25726	187	30	.	.	PUNCT
eistud-25726	187	31	)	)	PUNCT
eistud-25726	187	32	technology	technology	NOUN
eistud-25726	187	33	,	,	PUNCT
eistud-25726	187	34	r&d	r&d	NOUN
eistud-25726	187	35	,	,	PUNCT
eistud-25726	187	36	and	and	CCONJ
eistud-25726	187	37	the	the	DET
eistud-25726	187	38	economy	economy	NOUN
eistud-25726	187	39	,	,	PUNCT
eistud-25726	187	40	washington	washington	PROPN
eistud-25726	187	41	,	,	PUNCT
eistud-25726	187	42	dc	dc	PROPN
eistud-25726	187	43	,	,	PUNCT
eistud-25726	187	44	brookings	brookings	PROPN
eistud-25726	187	45	institution	institution	NOUN
eistud-25726	187	46	.	.	PUNCT
eistud-25726	188	1	oecd	oecd	PROPN
eistud-25726	188	2	(	(	PUNCT
eistud-25726	188	3	2001	2001	NUM
eistud-25726	188	4	)	)	PUNCT
eistud-25726	188	5	drivers	driver	NOUN
eistud-25726	188	6	of	of	ADP
eistud-25726	188	7	growth	growth	NOUN
eistud-25726	188	8	,	,	PUNCT
eistud-25726	188	9	paris	paris	PROPN
eistud-25726	188	10	.	.	PUNCT
eistud-25726	189	1	oecd	oecd	PROPN
eistud-25726	189	2	(	(	PUNCT
eistud-25726	189	3	2008	2008	NUM
eistud-25726	189	4	)	)	PUNCT
eistud-25726	189	5	pension	pension	NOUN
eistud-25726	189	6	markets	market	NOUN
eistud-25726	189	7	in	in	ADP
eistud-25726	189	8	focus	focus	NOUN
eistud-25726	189	9	,	,	PUNCT
eistud-25726	189	10	december	december	PROPN
eistud-25726	189	11	,	,	PUNCT
eistud-25726	189	12	2008	2008	NUM
eistud-25726	189	13	,	,	PUNCT
eistud-25726	189	14	issue	issue	NOUN
eistud-25726	189	15	5	5	NUM
eistud-25726	189	16	,	,	PUNCT
eistud-25726	189	17	oecd	oecd	PROPN
eistud-25726	189	18	.	.	PROPN
eistud-25726	189	19	schafer	schafer	PROPN
eistud-25726	189	20	,	,	PUNCT
eistud-25726	189	21	d.	d.	PROPN
eistud-25726	189	22	(	(	PUNCT
eistud-25726	189	23	2002	2002	NUM
eistud-25726	189	24	)	)	PUNCT
eistud-25726	189	25	how	how	SCONJ
eistud-25726	189	26	important	important	ADJ
eistud-25726	189	27	is	be	AUX
eistud-25726	189	28	the	the	DET
eistud-25726	189	29	venture	venture	NOUN
eistud-25726	189	30	capital	capital	NOUN
eistud-25726	189	31	industry	industry	NOUN
eistud-25726	189	32	?	?	PUNCT
eistud-25726	190	1	an	an	DET
eistud-25726	190	2	assessment	assessment	NOUN
eistud-25726	190	3	based	base	VERB
eistud-25726	190	4	on	on	ADP
eistud-25726	190	5	comparison	comparison	NOUN
eistud-25726	190	6	of	of	ADP
eistud-25726	190	7	the	the	DET
eistud-25726	190	8	u.s	u.s	PROPN
eistud-25726	190	9	.	.	PROPN
eistud-25726	190	10	and	and	CCONJ
eistud-25726	190	11	the	the	DET
eistud-25726	190	12	german	german	ADJ
eistud-25726	190	13	financial	financial	ADJ
eistud-25726	190	14	systems	system	NOUN
eistud-25726	190	15	,	,	PUNCT
eistud-25726	190	16	aicgs/	aicgs/	NUM
eistud-25726	190	17	daad	daad	X
eistud-25726	190	18	working	working	NOUN
eistud-25726	190	19	paper	paper	NOUN
eistud-25726	190	20	series	series	NOUN
eistud-25726	190	21	.	.	PUNCT
eistud-25726	191	1	schertler	schertler	NOUN
eistud-25726	191	2	,	,	PUNCT
eistud-25726	191	3	a.	a.	NOUN
eistud-25726	191	4	(	(	PUNCT
eistud-25726	191	5	2001	2001	NUM
eistud-25726	191	6	)	)	PUNCT
eistud-25726	191	7	venture	venture	NOUN
eistud-25726	191	8	capital	capital	NOUN
eistud-25726	191	9	in	in	ADP
eistud-25726	191	10	europe	europe	PROPN
eistud-25726	191	11	’s	’s	PART
eistud-25726	191	12	common	common	ADJ
eistud-25726	191	13	market	market	NOUN
eistud-25726	191	14	:	:	PUNCT
eistud-25726	191	15	a	a	DET
eistud-25726	191	16	quantitative	quantitative	ADJ
eistud-25726	191	17	description	description	NOUN
eistud-25726	191	18	.	.	PUNCT
eistud-25726	192	1	kiel	kiel	PROPN
eistud-25726	192	2	institute	institute	PROPN
eistud-25726	192	3	of	of	ADP
eistud-25726	192	4	world	world	PROPN
eistud-25726	192	5	economics	economic	NOUN
eistud-25726	192	6	,	,	PUNCT
eistud-25726	192	7	working	working	NOUN
eistud-25726	192	8	paper	paper	NOUN
eistud-25726	192	9	,	,	PUNCT
eistud-25726	192	10	29	29	NUM
eistud-25726	192	11	november	november	PROPN
eistud-25726	192	12	,	,	PUNCT
eistud-25726	192	13	online	online	ADJ
eistud-25726	192	14	paper	paper	NOUN
eistud-25726	192	15	:	:	PUNCT
eistud-25726	192	16	http://www.intech.unu	http://www.intech.unu	PROPN
eistud-25726	192	17	.	.	PUNCT
eistud-25726	193	1	edu	edu	PROPN
eistud-25726	193	2	/	/	SYM
eistud-25726	193	3	publications	publication	NOUN
eistud-25726	193	4	/	/	SYM
eistud-25726	193	5	eifc	eifc	NOUN
eistud-25726	193	6	-	-	PUNCT
eistud-25726	193	7	tf	tf	NOUN
eistud-25726	193	8	-	-	PUNCT
eistud-25726	193	9	papers	paper	NOUN
eistud-25726	193	10	/	/	SYM
eistud-25726	193	11	eifc01	eifc01	NOUN
eistud-25726	193	12	-	-	PUNCT
eistud-25726	193	13	4.pdf	4.pdf	PROPN
eistud-25726	193	14	.	.	PUNCT
eistud-25726	193	15	tannon	tannon	PROPN
eistud-25726	193	16	,	,	PUNCT
eistud-25726	193	17	j.	j.	PROPN
eistud-25726	193	18	,	,	PUNCT
eistud-25726	193	19	johnson	johnson	PROPN
eistud-25726	193	20	r.	r.	PROPN
eistud-25726	193	21	(	(	PUNCT
eistud-25726	193	22	2005	2005	NUM
eistud-25726	193	23	)	)	PUNCT
eistud-25726	193	24	transatlantic	transatlantic	ADJ
eistud-25726	193	25	private	private	ADJ
eistud-25726	193	26	equity	equity	NOUN
eistud-25726	193	27	:	:	PUNCT
eistud-25726	193	28	beyond	beyond	ADP
eistud-25726	193	29	a	a	DET
eistud-25726	193	30	trillion	trillion	NUM
eistud-25726	193	31	dollar	dollar	NOUN
eistud-25726	193	32	force	force	NOUN
eistud-25726	193	33	,	,	PUNCT
eistud-25726	193	34	journal	journal	NOUN
eistud-25726	193	35	of	of	ADP
eistud-25726	193	36	private	private	ADJ
eistud-25726	193	37	equity	equity	NOUN
eistud-25726	193	38	,	,	PUNCT
eistud-25726	193	39	vol	vol	NOUN
eistud-25726	193	40	.	.	PUNCT
eistud-25726	193	41	8(3	8(3	NUM
eistud-25726	193	42	)	)	PUNCT
eistud-25726	193	43	,	,	PUNCT
eistud-25726	193	44	winton	winton	PROPN
eistud-25726	193	45	,	,	PUNCT
eistud-25726	193	46	a.	a.	NOUN
eistud-25726	193	47	(	(	PUNCT
eistud-25726	193	48	2003	2003	NUM
eistud-25726	193	49	)	)	PUNCT
eistud-25726	193	50	institutional	institutional	ADJ
eistud-25726	193	51	liquidity	liquidity	NOUN
eistud-25726	193	52	needs	need	NOUN
eistud-25726	193	53	and	and	CCONJ
eistud-25726	193	54	the	the	DET
eistud-25726	193	55	structure	structure	NOUN
eistud-25726	193	56	of	of	ADP
eistud-25726	193	57	monitored	monitored	ADJ
eistud-25726	193	58	finance	finance	NOUN
eistud-25726	193	59	.	.	PUNCT
eistud-25726	194	1	review	review	NOUN
eistud-25726	194	2	of	of	ADP
eistud-25726	194	3	financial	financial	ADJ
eistud-25726	194	4	studies	study	NOUN
eistud-25726	194	5	16	16	NUM
eistud-25726	194	6	,	,	PUNCT
eistud-25726	194	7	1273	1273	NUM
eistud-25726	194	8	–	–	PUNCT
eistud-25726	194	9	1313	1313	NUM
eistud-25726	194	10	.	.	PUNCT
eistud-25726	195	1	the	the	DET
eistud-25726	195	2	article	article	NOUN
eistud-25726	195	3	has	have	AUX
eistud-25726	195	4	been	be	AUX
eistud-25726	195	5	reviewed	review	VERB
eistud-25726	195	6	.	.	PUNCT
eistud-25726	196	1	received	receive	VERB
eistud-25726	196	2	in	in	ADP
eistud-25726	196	3	march	march	PROPN
eistud-25726	196	4	,	,	PUNCT
eistud-25726	196	5	2009	2009	NUM
eistud-25726	196	6	;	;	PUNCT
eistud-25726	196	7	accepted	accept	VERB
eistud-25726	196	8	in	in	ADP
eistud-25726	196	9	april	april	PROPN
eistud-25726	196	10	,	,	PUNCT
eistud-25726	196	11	2009	2009	NUM
eistud-25726	196	12	.	.	PUNCT