Showing 1 - 10 of 38
This paper focuses on developing and adapting statistical models of counts (non-negative integers) in the context of panel data and using them to analyze the relationship between patents and R&D expenditures. The model used is an application and generalization of the Poisson distribution to...
Persistent link: https://www.econbiz.de/10013218984
This paper argues that a large component of success in entrepreneurship and venture capital can be attributed to skill. We show that entrepreneurs with a track record of success are more likely to succeed than first time entrepreneurs and those who have previously failed. Funding by more...
Persistent link: https://www.econbiz.de/10012752094
The returns that institutional investors realize from private equity investments differ dramatically across institutions. Using detailed and hitherto unexplored records of fund investors and performance, we document large heterogeneity in the performance of different classes of limited partners....
Persistent link: https://www.econbiz.de/10012767586
This paper is a contribution to the small but growing literature that compares the investment and R&D behavior of manufacturing firms in large developed countries that have varying financial and capital market institutions. Specifically, we look at two similar samples of French and United States...
Persistent link: https://www.econbiz.de/10013222959
rights, and (iv) the impact of intellectual property" litigation on the innovation process itself …
Persistent link: https://www.econbiz.de/10013239934
Private equity critics claim that leveraged buyouts bring huge job losses and few gains in operating performance. To evaluate these claims, we construct and analyze a new dataset that covers U.S. buyouts from 1980 to 2005. We track 3,200 target firms and their 150,000 establishments before and...
Persistent link: https://www.econbiz.de/10013035041
. However, while we obtain clear evidence that the technological importance or quality of patented innovation mattered for the …
Persistent link: https://www.econbiz.de/10012752290
changes in modelling strategy and econometric methodology, over the past twenty years, on estimation of firm-level investment … correction, traditional between- and within-firm estimation versus GMM estimation, the investment behavior of French firms versus … significant improvement in the specification, estimation and interpretation of firm investment equations; we also fin some real …
Persistent link: https://www.econbiz.de/10013230971
Germany that took an opposite view. Our findings regarding relative venture capital investment in the U.S. and Europe, across …
Persistent link: https://www.econbiz.de/10013022936
panel dataset of firms that are publicly traded in France, Germany, and Italy. Controlling for either permanent unobserved …&D in France and Germany is remarkably similar both to each other and to that in the US or the UK during the same period In …
Persistent link: https://www.econbiz.de/10013311906