This limits high growth, high risk firms’ access to growth capital, particularly important in a market where home bias is strong due to the inevitable uncertainties in assessing start-up / growth firms. Some consequences of our equity short-fall What are the consequences of New Zealand’s households’ preference for investment in housing over investment in businesses?
At the micro level it appears that small-medium firms have been less able to access New Zealandbased specialised capital market instruments, for example, in the area of private equity, and venture capital.