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Investor Tax Breaks and Financing for Start-Ups: Evidence from China
Güçeri, İrem; Hou, Xipei; Xing, Jing - 2024
deduction for qualified angel and VC investment in China as a quasi-natural experiment. We find that the tax incentive increases … substitution between eligible and non-eligible investments. There is no evidence that the tax incentive lowers investment quality …
Persistent link: https://www.econbiz.de/10015047220
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Marketplace Lending of SMEs
Cumming, Douglas J.; Hornuf, Lars - 2020
Peer-to-business lending refers to online platforms facilitating loans from individuals to smalland medium-sized enterprises (SMEs). We conjecture that easy-to-understand risk ratings conveyed by the platform play a pronounced role in influencing the borrowing success of SMEs and that more...
Persistent link: https://www.econbiz.de/10012179899
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The Financial and Non-Financial Performance of Token-Based Crowdfunding: Certification Arbitrage, Investor Choice, and the Optimal Timing of ICOs
Dombrowski, Niclas; Drobetz, Wolfgang; Hornuf, Lars; … - 2023
What role does the selection of an investor and the timing of financing play in initial coin offerings (ICOs)? We investigate the operating and financial performance of ventures conducting ICOs with different types of investors at different points in the ventures' life cycle. We find that,...
Persistent link: https://www.econbiz.de/10014290303
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Banks' Portfolio of Government Debt and Sovereign Risk
Afonso, António; Alves, José; Monteiro, Sofia - 2023
We analyze domestic, foreign, and central banks holdings of public debt for 31 countries for the period of 1989-2022, applying panel regressions and quantile analysis. We conclude that an increase in sovereign risk raises the share of domestic banks' portfolio of public debt and reduces the...
Persistent link: https://www.econbiz.de/10014469694
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Marketplace Lending of SMEs
Cumming, Douglas J. - 2020
Peer-to-business lending refers to online platforms facilitating loans from individuals to small and medium-sized enterprises (SMEs). We conjecture that easy-to-understand risk ratings conveyed by the platform play a pronounced role in influencing the borrowing success of SMEs and that more...
Persistent link: https://www.econbiz.de/10012841146
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The Financial and Non-Financial Performance of Token-Based Crowdfunding : Certification Arbitrage, Investor Choice, and the Optimal Timing of ICOs
Dombrowski, Niclas; Drobetz, Wolfgang; Hornuf, Lars; … - 2023
What role does the selection of an investor and the timing of financing play in initial coin offerings (ICOs)? We investigate the operating and financial performance of ventures conducting ICOs with different types of investors at different points in the ventures’ life cycle. We find that,...
Persistent link: https://www.econbiz.de/10014355191
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The Role of Venture Capital and Governments in Clean Energy: Lessons from the First Cleantech Bubble
van den Heuvel, Matthias; Popp, David - 2022
investment, the ultimate success rate of firms receiving public funding remains small. Thus, stimulating demand will have a …
Persistent link: https://www.econbiz.de/10013266649
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Measuring the Spillovers of Venture Capital
Schnitzer, Monika; Watzinger, Martin - 2017
activities of other companies. On average, these spillovers are nine times larger than those generated by the R&D investment of …-ups with experienced inventors holding a patent at the time of receiving the first round of investment produce the largest …
Persistent link: https://www.econbiz.de/10011744929
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Synergizing Ventures
Akcigit, Ufuk; Dinlersoz, Emin M.; Greenwood, Jeremy; … - 2019
Venture capital (VC) and growth are examined both empirically and theoretically. Empirically, VC-backed startups have higher early growth rates and initial patent quality than non-VC-backed ones. VC-backing increases a startup’s likelihood of reaching the right tails of the firm size and...
Persistent link: https://www.econbiz.de/10012141061
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Synergizing Ventures
Akcigit, Ufuk - 2019
Venture capital (VC) and growth are examined both empirically and theoretically. Empirically, VC-backed startups have higher early growth rates and initial patent quality than non-VC-backed ones. VC-backing increases a startup's likelihood of reaching the right tails of the firm size and...
Persistent link: https://www.econbiz.de/10012861411