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AN ASSESSMENT OF GOVERNMENT FUNDING OF BUSINESS ANGEL NETWORKS: A REGIONAL STUDY
COLLEWAERT, V.; MANIGART, S.; AERNOUDT, R. - Faculteit Economie en Bedrijfskunde, Universiteit Gent - 2007
In this paper we evaluate whether government intervention through the public funding of business angel networks is warranted. Based on a regional study of four BANs, we find that these subsidies reach their goals in terms of contribution to economic development and reducing financing and...
Persistent link: https://www.econbiz.de/10004982919
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An assessment of government funding of business angel networks: a regional study
Collewaert, V.; Manigart, S.; Aernoudt, Rudy - Vlerick Business School - 2007
In this paper we evaluate whether government intervention through the public funding of business angel networks is warranted. Based on a regional study of four BANs, we find that these subsidies reach their goals in terms of contribution to economic development and reducing financing and...
Persistent link: https://www.econbiz.de/10005464793
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Contribution of business angel investments : evidence from Estonia
Kirihata, Tetsuya - In: Journal of capital markets studies 6 (2022) 3, pp. 287-303
Purpose: This study aims to analyze the contribution of business angels (BAs), defined as wealthy individuals who provide risk capital to entrepreneurial firms without family connections, in Estonia, an emerging country in Eastern Europe. Design/methodology/approach: This study compared the data...
Persistent link: https://www.econbiz.de/10013543108
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First-round valuation of angel-backed companies: the role of investor human capital
Collewaert, V.; Manigart, S. - Vlerick Business School - 2009
This paper investigates how angel investors’ human capital affects the valuation of their portfolio companies at initial investment, based on the pre-money valuation of 59 investments in young Belgian companies. We show that entrepreneurs are able to negotiate higher valuations with angel...
Persistent link: https://www.econbiz.de/10008620596
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FIRST-ROUND VALUATION OF ANGEL-BACKED COMPANIES: THE ROLE OF INVESTOR HUMAN CAPITAL
COLLEWAERT, V.; MANIGART, S. - Faculteit Economie en Bedrijfskunde, Universiteit Gent - 2009
This paper investigates how angel investors’ human capital affects the valuation of their portfolio companies at initial investment, based on the pre-money valuation of 59 investments in young Belgian companies. We show that entrepreneurs are able to negotiate higher valuations with angel...
Persistent link: https://www.econbiz.de/10008487268
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Transaction costs, market failures and economic development
Todorova, Tamara - 2016
This paper relates economic development to transaction costs. It reveals the triad transaction costs-market failure-economic underdevelopment. Many scholars attribute the problems of development to the failure of markets to perform their role of resource allocation. Some deny market failure and...
Persistent link: https://www.econbiz.de/10011648300
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African economic development : evidence, theory, policy
Cramer, Christopher; Sender, John; Oqubay, Arkebe - 2020
opportunities for changing performance, reducing inequalities, learning from other African policy experiences, and escaping the ties … pay close attention to the results of policy in more industrialized parts of the world. Seeing the contradictions of … capitalism for what they are—fundamental and enduring—may help policy officials protect themselves against the misleading idea …
Persistent link: https://www.econbiz.de/10013488663
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Transaction Costs, Market Failure and Economic Development
Todorova, Tamara - 2016
This paper relates economic development to transaction costs. It reveals the triad transaction costs-market failure-economic underdevelopment. Many scholars attribute the problems of development to the failure of markets to perform their role of resource allocation. Some deny market failure and...
Persistent link: https://www.econbiz.de/10011633956
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The Transaction-Cost Roots of Market Failure
Todorova, Tamara - In: Journal of Advanced Research in Management V (2015) 1(11), pp. 30-44
Our purpose is to reveal the transaction cost character of the different forms of market failure where transaction costs are defined as the costs of using the market mechanism, what it costs to organize market exchange or overcome the obstacles to an efficient market process. The paper thus...
Persistent link: https://www.econbiz.de/10012261249
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Famines and Economics
Ravallion, Martin - 2016
, Policy Research Department - is part of a larger effort in the department to better understand the economic and political …
Persistent link: https://www.econbiz.de/10012748548