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A Survey of Venture Capital Research
Da Rin, Marco; Hellmann, T.; Puri, M.L. - Tilburg University, Center for Economic Research - 2011
This survey reviews the growing body of academic work on venture capital. It lays out the major data sources used. It examines the work on venture capital investments in companies, looking at issues of selection, contracting, post-investment services and exits. The survey considers recent work...
Persistent link: https://www.econbiz.de/10011091468
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Anti-takeover Provisions as a Source of Innovation and Value Creation
Humphery-Jenner, M. - Tilburg University, Center for Economic Research - 2011
-creating takeovers and increase innovation and do not induce agency con icts of managerial entrenchment. This implies that for innovative …
Persistent link: https://www.econbiz.de/10011091215
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The Importance of Trust for Investment : Evidence From Venture Capital (Revision of DP 2009-43)
Da Rin, Marco; Bottazzi, L.; Hellmann, T. - Tilburg University, Center for Economic Research - 2010
We examine the effect of trust on financial investment and contracting decisions in a micro-economic environment where trust is exogenous. Using hand-collected data on European venture capital, we show that the Eurobarometer measure of trust among nations significantly affects investment...
Persistent link: https://www.econbiz.de/10011090711
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The Financing of Innovation : Learning and Stopping
Bergemann, D.; Hege, U. - Tilburg University, Center for Economic Research - 2001
This paper considers the financing of a research project under uncertainty about the time of completion and the probability of eventual success.The uncertainty about future success gradually diminishes with the arrival of additional funding.The entrepreneur controls the funds and can divert...
Persistent link: https://www.econbiz.de/10011090781
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Shareholder Lockup Agreements in the European New Markets
Renneboog, Luc; Goergen, M.; Khurshed, A. - Tilburg University, Center for Economic Research - 2004
We analyse the characteristics of lockup agreements of IPOs on the Neuer Markt and the Nouveau Marche from 1996 to 2000.Even though both markets were part of the same EuroNM network, the characteristics of their lockup agreements are substantially different.Firm characteristics have a major...
Persistent link: https://www.econbiz.de/10011091821
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The International Diversification of Banks and the Value of their Cross-Border M&A Advice
de Jong, A.; Ongena, S.; van der Poel, M. - Tilburg University, Center for Economic Research - 2010
This paper investigates the effects of international diversification of banks on the value of their M&A advice. We study bidder returns to 1,253 cross-border M&A announcements. We find that acquirers engaging a more internationally diversified financial advisor generate lower excess returns....
Persistent link: https://www.econbiz.de/10011092783
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Beyond Penrose : A Cognitive Theory of the Firm
Nooteboom, B. - Tilburg University, Center for Economic Research - 2006
This paper uses a cognitive theory of firms and organizations, with a focus on learning and innovation.Here, cognition … collaboration between firms, for learning and innovation, in the combination of capabilities between rather than within the firm …
Persistent link: https://www.econbiz.de/10011090370
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Competition and Innovation : Pushing Productivity Up or Down?
Brouwer, Erik; van der Wiel, H.P. - Tilburg University, Center for Economic Research - 2010
This paper examines the relationship between competition, innovation and productivity for the Netherlands. We use … innovation data from Community Innovation Survey with accounting data to link innovative activities with performance at the … through more innovation. Nonetheless, there exists an inverted U- curve between competition and innovation for the Netherlands …
Persistent link: https://www.econbiz.de/10011090737
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Innovation, growth and welfare-improving cycles
Francois, P.; Shi, S. - Tilburg University, Center for Economic Research - 1999
Persistent link: https://www.econbiz.de/10011091677
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Optimal Cognitive Distance and Absorptive Capacity
Duysters, Geert; Nooteboom, B.; Vanhaverbeke, W.P.M.; … - Tilburg University, Center for Economic Research - 2006
In this paper we test the relation between cognitive distance and innovation performance of firms engaged in technology …-based alliances.The key finding is that the hypothesis of an inverted U-shaped effect of cognitive distance on innovation performance …
Persistent link: https://www.econbiz.de/10011091844