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How Incumbent Firms Cope with Economic Policy Uncertainty : The Case of Corporate Venture Capital Investments in Innovative Startups as a Real Option

Paik, Yongwook; Kim, Sunu - 2023

Corporate venture capital (CVC) is an important topic of scholarly inquiry as it is a major source of financing for entrepreneurial startups. Despite such importance, understanding how incumbent firms cope with the macroeconomic environment, such as dealing with economic policy uncertainty when...

Persistent link: https://www.econbiz.de/10014353607

Which CEO Characteristics and Abilities Matter?

Kaplan, Steven N. - 2014

We study the characteristics and abilities of CEO candidates for companies involved in buyout (LBO) and venture capital (VC) transactions and relate them to hiring decisions, investment decisions, and company performance. Candidates are assessed on more than thirty individual abilities. The...

Persistent link: https://www.econbiz.de/10012751371

Government Sponsored Versus Private Venture Capital : Canadian Evidence

Brander, James A. - 2014

This paper investigates the relative performance of enterprises backed by government-sponsored venture capitalists and private venture capitalists. While previous studies focus mainly on investor returns, this paper focuses on a broader set of public policy objectives, including value-creation,...

Persistent link: https://www.econbiz.de/10012751481

Angels or Sharks? The Role of Personal Characteristics in Angel Investment Decisions

Boulton, Thomas Jason - 2020

We use actual negotiations between angel investors and entrepreneurs to study the impact of personal characteristics on … investment outcomes. We construct a unique dataset with 707 investment requests led by 1,089 entrepreneurs and find that the … personal characteristics of the entrepreneur, including gender, race, and age, are correlated with requested valuations, the …

Persistent link: https://www.econbiz.de/10012854847

Investment Proximity and Venture Capital Returns

Krishnan, C. N. V. - 2020

Using a large dataset of 82,818 investments in start-up firms from December 1965 through August 2019, we document that the biggest group of investors are venture capital firms (about 79% of all observations). The majority of in-state investments are found clustered in California (with the San...

Persistent link: https://www.econbiz.de/10012841842

Project-Based Carbon Contracts : A Way to Finance Innovative Low-Carbon Investments

Richstein, Joern Constantin - 2018

Low and uncertain carbon prices are often stated as a major obstacle for industrial sector investments in technologies to deliver deep emissions reductions. Project-based carbon contracts underwritten by national governments could address regulatory risk, lower financing costs and strengthen...

Persistent link: https://www.econbiz.de/10012929268

The Returns to Early-Stage Investment in Innovation

Kisseleva, Katja - 2020

This paper uses highly detailed administrative records from the Norwegian Tax Authority to provide direct measures of the returns from investing in newly established, innovative companies. We trace out the entire funding and pricing histories of each firm and study performance measures at the...

Persistent link: https://www.econbiz.de/10012824869

Essays on the growth and investment of small German firms

Habermann, Harald - 2017

Persistent link: https://www.econbiz.de/10012799374

The Effects of Corporate Venture Capital, Founder Incumbency, and Their Interaction on Entrepreneurial Firms’ R&D Investment Strategy

Paik, Yongwook - 2017

Corporate venture capital (CVC) investment has increasingly become an important source of entrepreneurial finance. Accordingly, while scholars have traditionally focused on understanding the main motivations behind CVC activity and its impact on the investing corporate firm, more recently,...

Persistent link: https://www.econbiz.de/10012973876

Throwing Good Money after Bad? A Multi-Level Study of Sequential Decision Making in the Venture Capital Industry

Guler, Isin - 2016

This study focuses on the political and institutional influences that lead organizational decision makers to avoid terminating unsuccessful investments, even when there is competition and they have the experience and incentives to maximize profits. I examine multilevel influences on sequential...

Persistent link: https://www.econbiz.de/10012979877