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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
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Green Technology Adoption, Complexity, and the Role of Public Policy : A Simple Theoretical Model
Dhami, Sanjit - 2023
We consider technology choices between green and brown technologies by firms. We use insights from complexity theory and also take account of true uncertainty in designing public policy. The green technology offers relatively higher returns to scale from adoption, and there are type-contingent...
Persistent link: https://www.econbiz.de/10014358071
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The Transition to Carbon Capture and Storage Technologies
Golombek, Rolf; Kverndokk, Snorre; Greaker, Mads; Ma, Lin - 2021
imperfections, CCS investments differ significantly between the alternative market structures. In particular, investment in … terminals may be too high, while investment in capture facilities could still be too low …
Persistent link: https://www.econbiz.de/10013229700
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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/10013292501
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Social Finance
Kuchler, Theresa; Stroebel, Johannes - 2021
We review an empirical literature that studies the role of social interactions in driving economic and financial decision making. We first summarize recent work that documents an important role of social interactions in explaining household decisions in housing and mortgage markets. This...
Persistent link: https://www.econbiz.de/10013315042
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The old-boy network and the quality of entrepreneurs
Bac, Mehmet; Inci, Eren - 2010
We study a model of network formation and start-up financing with endogenous entrepreneurial type distribution. A hub firm admits members to its network based on signals about entrepreneurs' types. Network membership is observable, which allows lenders to offer different interest rates to...
Persistent link: https://www.econbiz.de/10010270476
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Self-selection and advice in venture capital finance
Keuschnigg, Christian; Nielsen, Søren Bo - 2007
In financing start-up firms, venture capitalists carefully select among alternative projects, design incentive compatible financial contracts and support portfolio companies with value enhancing managerial advice. This paper considers how venture capitalists can induce selfselection among...
Persistent link: https://www.econbiz.de/10010276036
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The irreversibility premium
Chirinko, Robert S.; Schaller, Huntley - 2008
When investment is irreversible, theory suggests that firms will be "reluctant to invest." This reluctance creates a … wedge between the discount rate guiding investment decisions and the standard Jorgensonian user cost (adjusted for risk). We …
Persistent link: https://www.econbiz.de/10010264335
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Incomplete property rights and overinvestment
Amegashie, J. Atsu - 2009
encroacher's valuation of the asset is increasing in the asset owner's investment. Due to incomplete property rights, the … encroacher and asset owner engage in a contest over the control of the asset after investment has taken place. A standard result … is that the asset owner will underinvest in the asset relative to the first-best level of investment when property rights …
Persistent link: https://www.econbiz.de/10010265975
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A growth oriented dual income tax
Keuschnigg, Christian; Dietz, Martin D. - 2005
demonstrates the neutrality properties of the reform with respect to investment, firm financial decisions and organizational choice …. Tax rates are chosen to prevent income shifting from labor to capital income. The reform decisively strengthens investment …
Persistent link: https://www.econbiz.de/10010271071