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Bigio, Saki - 2019

Financial crises are particularly severe and lengthy when banks fail to recapitalize after bearing large losses. We present a model that explains the slow recovery of bank capital and economic activity. Banks provide intermediation in markets with information asymmetries. Large equity losses...

Persistent link: https://www.econbiz.de/10012480505

Labor Regulations and European Private Equity

Bozkaya, Ant - 2009

European nations substitute between employment protection regulations and labor market expenditures (e.g., unemployment insurance benefits) for providing worker insurance. Employment regulations more directly tax firms making frequent labor adjustments than other labor insurance mechanisms....

Persistent link: https://www.econbiz.de/10012463023

The Financing of R&D and Innovation

Hall, Bronwyn H. - 2009

funds for financing such investments and they manage their cash flow to ensure this. Evidence shows that there are limits to …

Persistent link: https://www.econbiz.de/10012463325

When Does Funding Research by Smaller Firms Bear Fruit? : Evidence from the SBIR Program

Gans, Joshua S. - 2000

financing and the performance of government-subsidized R&D projects in those sectors. If the government funds projects on the …

Persistent link: https://www.econbiz.de/10012470860

The Government as Venture Capitalist : The Long-Run Effects of the SBIR Program

Lerner, Josh - 1996

Public programs to provide early-stage financing to firms, particularly high-technology companies, have become …

Persistent link: https://www.econbiz.de/10012473081

Private Equity and the Innovation Strategies of Entrepreneurial Firms : Empirical Evidence from the Small Business Innovation Research Program

Link, Albert N. - 2012

There is great interest in evaluating the impact of private equity investments on innovation and economic growth. However, there is no direct empirical evidence on the effects of such transactions on the innovation strategies of entrepreneurial firms. We fill this gap by examining a rich...

Persistent link: https://www.econbiz.de/10012460364

Venture Capitalists' Access to Finance and Its Impact on Startups

Chen, Jun; Ewens, Michael - National Bureau of Economic Research - 2021

, the source of these constraints is still relatively unknown. We explore intermediary financing constraints, a channel … is the VC fundraising and startup financing environment around the passage of the Volcker Rule, which restricted banks … the U.S. historically lacking in VC financing. We find that a one standard deviation increase in VCs' exposure to the loss …

Persistent link: https://www.econbiz.de/10012629431

Social Finance

Kuchler, Theresa - 2020

We review an empirical literature that studies the role of social interactions in driving economic and financial decision making. We first summarize recent work that documents an important role of social interactions in explaining household decisions in housing and mortgage markets. This...

Persistent link: https://www.econbiz.de/10012482193

Has Persistence Persisted in Private Equity? Evidence from Buyout and Venture Capital Funds

Harris, Robert S. - 2020

We present new evidence on the persistence of U.S. private equity (buyout and venture capital) funds using cash-flow data sourced from Burgiss's large sample of institutional investors. Previous research, studying largely pre-2000 data, finds strong persistence for both buyout and venture...

Persistent link: https://www.econbiz.de/10012482328

Financing Constraints and Entrepreneurship

Kerr, William - 2009

Financing constraints are one of the biggest concerns impacting potential entrepreneurs around the world. Given the … important role that entrepreneurship is believed to play in the process of economic growth, alleviating financing constraints … examining the relevance of financing constraints for entrepreneurship. We then introduce a framework that provides a unified …

Persistent link: https://www.econbiz.de/10012463151