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Crescita, Innovazione Tecnologica e Mercato dei Capitali: il Ruolo del Venture Capital

Arnone, Marco; Giacometti, Umberto - EconWPA - 2004

Questo paper considera il venture capital come forma di finanziamento che si realizza in quegli ambienti dove i fallimenti di mercato causati da problemi informativi sono tali da non rendere possibile l'affermazione di altre istituzioni finanziarie, e dove questa si affermi come unica forma di...

Persistent link: https://www.econbiz.de/10005134755

Productivity Gaps, Inward Investments and Productivity of European firms

Castellani, Davide; Zanfei, Antonello - EconWPA - 2001

Using a balanced panel of firm-level data on the manufacturing industry in France, Italy and Spain over the 1993-1997 period, this paper examines the impact of foreign presence on the productivity of domestic enterprises. We innovate on existing literature by using firm-level data comparable...

Persistent link: https://www.econbiz.de/10005556487

Vertical FDI? A Host Country Perspective

Waldkirch, Andreas - EconWPA - 2004

Recent empirical studies of the determinants of multinational activity across countries have found overwhelming support for a horizontal rather than a vertical model of foreign direct investment (FDI). They all use U.S. or other developed country data. This paper, in contrast, uses a previously...

Persistent link: https://www.econbiz.de/10005119290

Ownership and Firm Performance: Evidence from 25 Countries in Central and Eastern Europe and the Former Soviet Union

Richard B. Goud Jr. - EconWPA - 2002

, this paper explores the relationship between firm performance and ownership in Central and Eastern Europe (CEE) and the …

Persistent link: https://www.econbiz.de/10005407689

Financial Conditions and Investment during the Transition: Evidence from Czech Firms

Lizal, Lubomir; Svejnar, Jan - EconWPA - 2001

models of investment and test if investment behavior varies across categories of ownership and with the legal status of firms … ownership-legal form categories of firms. Retained profit is found to be a major determinant of new investment and the estimate … owned-limited liability companies and foreign owned and mixed ownership firms. These results are consistent with the …

Persistent link: https://www.econbiz.de/10005407697

Firm Ownership and Economic Efficiency

Bitros, George C. - EconWPA - 2003

The objective in this paper is to improve the existing evidence regarding the role ownership plays in economic … modeling, state ownership is explicitly introduced into the simple model of the financially constrained firm in order to trace … per unit of output and that liable for their relative inefficiency were technical, allocative and ownership reasons by …

Persistent link: https://www.econbiz.de/10005077061

Corporate governance in Greece: developments and policy implications

Spanos, Loukas - EconWPA - 2005

The upgrading of the Greek capital market and the effort to join other mature capital markets has posed corporate governance reform as a first priority. In addition, the 2004 Olympic Games put the Greek market in the international spotlight and will likely invite interest from foreign investors....

Persistent link: https://www.econbiz.de/10005561586

Ownership, Control and Corporate Performance after Large-Scale Privatization

Hanousek, Jan; Kocenda, Evzen; Svejnar, Jan - EconWPA - 2004

We analyze the effects of ownership type and concentration on performance of a population of firms in a model large … private ownership improve dynamic post-privatization performance. Concentrated foreign (but not domestic) ownership improves … some measures of performance relative to state ownership. Foreign investors engage in strategic restructuring by increasing …

Persistent link: https://www.econbiz.de/10005135012

Buyer feedback as a filtering mechanism for reputable sellers

Laureti, Paolo; Slanina, Frantisek; Yu, Yi-Kuo; Zhang, … - EconWPA - 2003

We propose a continuum model for the description of buyer and seller dynamics in an Internet market. The relevant variables are the research effort of buyers and the sellers' reputation building process. We show that, if a commercial website gives consumers the possibility to rate credibly...

Persistent link: https://www.econbiz.de/10005407517

Missing Contracts: On the Rationality of not Signing a Prenuptial Agreement

Nicolo', Antonio; Tedeschi, Piero - EconWPA - 2004

Many couples do not sign prenuptial agreements, even though this often leads to costly and inefficient litigation in case of divorce. In this paper we show that strategic reasons may prevent agents from signing a prenuptial agreement. Partners which have high productivity in marital activities...

Persistent link: https://www.econbiz.de/10005407538