Showing 1 - 10 of 19
We analyze the degree of contract completeness with respect to staging of venture capital investments using a hand …-collected German data set of contract data from 464 rounds into 290 entrepreneurial firms. We distinguish three forms of staging (pure … milestone financing, pure round financing and mixes). Thereby, contract completeness reduces when going from pure milestone …
Persistent link: https://www.econbiz.de/10010746202
This paper examines the determinants of intra-firm trade in U.S. imports using detailed countryproductdata. We create a new measure of product contractibility based on the degree ofintermediation in international trade for the product. We find important roles for the interaction ofcountry and...
Persistent link: https://www.econbiz.de/10010746596
Throughout modern business history, contract has been used as an organizational technology that holds counterparties in … formal or legally binding agreements. The proliferation of contract prompted the emergence of professional contract managers …), contract has come to be seen as a standard coordination device whose foundational assumptions are taken for granted. In this …
Persistent link: https://www.econbiz.de/10010744884
In the wake of the financial crisis considerable momentum has built up behind proposals to extend central counterparty (CCP) clearing in the over-the-counter derivatives markets. However, implementation is proving complex. This paper argues that one cause of this complexity is that the public...
Persistent link: https://www.econbiz.de/10010745410
Although now forgotten, organized markets in commodities like grain, cotton, sugar, coffee and spices became firmly established in London and Liverpool in the nineteenth century. These markets were stimulated by the rising volume of international trade, as Britain became the first industrial...
Persistent link: https://www.econbiz.de/10010745848
winners from increasing economic freedom were the entrepreneurs. The religious were little affected by the changes. This …
Persistent link: https://www.econbiz.de/10011125973
Knowledge based firms like IT companies do neither have a capital- nor a land intensive production. They predominantly rely on qualified labour and increasingly depend on the location of its (potential) employees. This implies that it is more likely that firms follow workers rather than the...
Persistent link: https://www.econbiz.de/10011126129
Individuals and business owners engage in an increasingly complex array of financial decisions that are critical for their success and well-being. Yet a growing literature documents that in both developed and developing countries, a large fraction of the population is unprepared to make these...
Persistent link: https://www.econbiz.de/10010884647
London is one of the world’s major cities, and one of its most diverse. London’s cultural diversity is widely seen as a social asset, but there is little hard evidence on its importance for the city’s businesses. Theory and evidence suggest various links between urban cultural diversity...
Persistent link: https://www.econbiz.de/10010745829
Entrepreneurs are believed to be the ultimate engine of modern economic systems. Yet, the study of entrepreneurship …-of-All-Trades (JATs), have a high probability of becoming entrepreneurs. In this paper, I investigate whether the JAT Attitude is just an … innate ability or a skill that can be trained to enhance individuals’ chances of becoming entrepreneurs. Using panel …
Persistent link: https://www.econbiz.de/10010746173