In dem vorliegenden Beitrag wird erörtert, wie beschränkte Rationalität auf verschiedene Phasen der Gründungsfinanzierung einwirken kann. Dabei wird konkret die Venture Capital-Finanzierung als wohl bedeutendste Form einer Gründungsfinanzierung der Untersuchung zugrunde gelegt. Für diese...

This paper seeks to detect (post) crisis tendencies in the international activities of state-owned enterprises (SOE) and sovereign wealth funds (SWF) and identify the main challenges posed in exploring this topic. In doing so it draws on the inductive approach and qualitative method and...

Studies indicate that a consistent rise in insolvency risk should be addressed at the strategic level. Vigilant boards can use leverage maturity structure as a tool to control insolvency risk. However, according to the information asymmetry theory, leverage acquisition is subject to the presence...

This pitch letter shares my personal experience of applying the pitch template to my research topic as well as my personal reflection on this pitching exercise. The pitch template is a systematic approach which helps me understand the paper, structure the research design and organize the...

The paper aims to identify factors influencing the management decision of private companies regarding the capitalization of expenditures on R&D outcomes in the assets with impact of a scientist in the supervisory versus management board taken into account. Due to the strong impact of tax law on...

Research Question- What is the relationship between a company's liquidity and profitability? Motivation- There are two theoretical views in the literature regarding the relationship between liquidity and profitability: one view is that there is a trade-off between the two where too much...

Research Question- How do accounting versus non-accounting Romanian students perceive the factors influencing the construction of the ethical self? Motivation- The answer is important in the context of accountants' ethics being increasingly under scruity following corporate scandals. Probably...

Pitching research helps researchers to outline a research idea systematically to understand the feasibility and keep the research heading in the right direction. This letter adopts the pitching template suggested by Faff (2015a) into a behavioural finance research topic. Specifically, I utilize...

This paper establishes the result that the seller prefers posted-price selling when the cost of information acquisition is high, and auctions when it is low. We view corporate bonds as an instance of the former case, and government bonds as an instance of the latter.

This paper shows the advantages of staged investments for venture capitalists.