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analyses on their price implications. We conclude that even under conditions of known and stationary risk, initial capital … general retail insurance market. For adaptation, we conclude that other tools, such as risk-based premiums and loans for …
Persistent link: https://www.econbiz.de/10011126048
We analyze the structure and evolution of the allocation of decision and control rights in venture capital contracts by using a sample of 464 contracts between venture capitalists (VC) and portfolio firms from Germany. We focus on the evolution of control and decisions rights along three time...
Persistent link: https://www.econbiz.de/10010745436
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...
Persistent link: https://www.econbiz.de/10010746202
We study contractual arrangements that support an efficient use of time in a knowledge-intensive economy in which agents endogenously specialize in either production or consulting. The resulting market for advice is plagued by informational problems, since both the difficulty of the questions...
Persistent link: https://www.econbiz.de/10011126635
This article examines the 2007 banking crisis from an interdisciplinary and, in particular, social constructivist perspective to identify its structural and systemic causes. After presenting and explaining a wide meta-theoretical framework that can accommodate different understandings of...
Persistent link: https://www.econbiz.de/10010884691
‘Safe harbour’ is shorthand for a bundle of privileges in insolvency which are typically afforded to financial institutions. They are remotely comparable to security interests as they provide a financial institution with a considerably better position as compared to other creditors should...
Persistent link: https://www.econbiz.de/10011264787
. Risk management is valuable as it reduces the costs of raising external financing, increases debt capacity, lessens … leads to inefficient excessive continuation if used without coverage limits. When insurance against an operational risk is …
Persistent link: https://www.econbiz.de/10010745872
The influence of external organizations and pressures on business risk management practices has hitherto been examined … the influence of the law in social and economic life. We know that the sources of regulation and risk management are … regulatory actors have of the different external pressures on business risk management through an empirical study of the …
Persistent link: https://www.econbiz.de/10011183326
socio-economic factors likely to enhance or reduce zoonotic risk, and identifies why improved understanding requires an … recommend that interdisciplinary work on zoonotic risk should be able to account for the complexity of risk environments, rather … than simple linear causal relations between risk drivers and disease emergence and/or spread. Further, we recommend that …
Persistent link: https://www.econbiz.de/10011126682
Aimed at energy organizations adapting to the competitive demands associated with liberalization, transaction and risk … management software “A-Trade” was part of the shift from a traditional engineer-led culture of risk cognition to market …-oriented financial risk management. The story of A-Trade illustrates the progress of risk industries, the development of encounters …
Persistent link: https://www.econbiz.de/10011071516