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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

Impact Investing and Worker Outcomes

Lerner, Joshua; Lithell, Markus; Phillips, Gordon M. - National Bureau of Economic Research - 2025

Impact investors claim to distinguish themselves from traditional venture capital and growth equity investors by also pursuing ESG objectives. Whether they successfully do so in practice is unclear. We use confidential Census Bureau microdata to assess worker outcomes across portfolio companies....

Persistent link: https://www.econbiz.de/10015361487

Firm Heterogeneity and Adverse Selection in External Finance : Micro Evidence and Macro Implications

Guo, Xing; Ottonello, Pablo; Winberry, Thomas; Whited, … - National Bureau of Economic Research - 2025

creates a lemons problem in the market for external finance, depressing investment relative to the full information benchmark … private information accounts for 40% of the decline in aggregate investment during the 2007-2009 financial crisis and made …

Persistent link: https://www.econbiz.de/10015438244

Overlapping Generations Models, Multiplicity of Steady States and Momentary Equilibria, and Economic Fluctuations

Hirano, Tomohiro; Stiglitz, Joseph E. - National Bureau of Economic Research - 2025

This paper examines the simplest OLG models with capital accumulation, demonstrating three results that stand in marked contrast to those of the standard model: first, the possibility of multiple steady states; second, the possibility of multiple momentary equilibria under rational expectations;...

Persistent link: https://www.econbiz.de/10015450947

The Race Between Machine and Man : Implications of Technology for Growth, Factor Shares and Employment

Acemoglu, Daron - 2016

We examine the concerns that new technologies will render labor redundant in a framework in which tasks previously performed by labor can be automated and new versions of existing tasks, in which labor has a comparative advantage, can be created. In a static version where capital is fixed and...

Persistent link: https://www.econbiz.de/10012456424

Collective Action by Contract : Prior Appropriation and the Development of Irrigation in the Western United States

Leonard, Bryan - 2016

, infrastructure investment, irrigated acreage, crops, topography, stream flow, soil quality, and precipitation to test the predictions … of the model. We find that prior appropriation facilitated cooperation, doubling infrastructure investment and ultimately …

Persistent link: https://www.econbiz.de/10012456490

The "Real" Explanation of the Feldstein-Horioka Puzzle

Ford, Nicholas - 2016

This paper shows that global capital markets cannot, by themselves, achieve net transfers of financial capital between countries and that both the integration of global financial markets as well as the integration of global goods markets are needed to achieve net transfers of capital between...

Persistent link: https://www.econbiz.de/10012456593

Bankruptcy and Investment : Evidence from Changes in Marital Property Laws in the U.S. South, 1840-1850

Koudijs, Peter - 2016

We study the impact of the introduction of a form of bankruptcy protection on household investment in the U.S. South in … conditional on state and year of marriage. We find that the effect on household investment was heterogeneous: if most household … wealth came from the husband (wife), the law led to an increase (decrease) in investment. This is consistent with a simple …

Persistent link: https://www.econbiz.de/10012456721

Patents and Research Investments : Assessing the Empirical Evidence

Budish, Eric - 2016

the Nordhaus framework as a key input into optimal patent policy design: namely, what is the elasticity of R&D investment …

Persistent link: https://www.econbiz.de/10012456783

Tax Policy and Heterogeneous Investment Behavior

Zwick, Eric - 2016

We estimate the effect of temporary tax incentives on equipment investment using shifts in accelerated depreciation …. Analyzing data for over 120,000 firms, we present three findings. First, bonus depreciation raised investment in eligible … financial frictions or fixed costs amplify investment responses …

Persistent link: https://www.econbiz.de/10012456796