Similar Search Results

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

Does Emigration Drain Entrepreneurs?

Anelli, Massimo - 2020

Emigration of young, motivated individuals may deprive countries-of-origin of entrepreneurs. We isolate exogenous variation in a large emigration wave from Italy between 2008 and 2015 by interacting diaspora networks with economic pull factors in destination countries, and find that larger...

Persistent link: https://www.econbiz.de/10012829325

Immigrant Entrepreneurship

Pekkala, Sari; Kerr, William R. - 2016

We examine immigrant entrepreneurship and the survival and growth of immigrant-founded businesses over time relative to native-founded companies. Our work quantifies immigrant contributions to new firm creation in a wide variety of fields and using multiple definitions. While significant...

Persistent link: https://www.econbiz.de/10011584896

Risky Business: Venture Capital, Pivoting and Scaling

Norbäck, Pehr-Johan; Persson, Lars; Tåg, Joacim - 2024

The creation and scaling of startups are inherently linked to risk-taking, with various types of owners handling these …, introduce ”exit costs” that make high-risk strategies more attractive to VC-backed startups. Moreover, an active VC market … presence of VC intensifies research risk among established firms, as their research initiatives are strategic complements to …

Persistent link: https://www.econbiz.de/10015047240

Greasing the wheels of entrepreneurship?: the impact of regulations and corruption on firm entry

Dreher, Axel; Gassebner, Martin - 2007

The paper investigates whether the impact of regulations on entrepreneurship depends on corruption. We first test whether regulations robustly deter firm entry into the markets. Our results show that some regulations are indeed important determinants of entrepreneurial activity. Specifically,...

Persistent link: https://www.econbiz.de/10010264142

Creative destruction and productive preemption

Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - 2013

We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Such preemptive acquisitions by incumbents are shown to stimulate...

Persistent link: https://www.econbiz.de/10010291511

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

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

Crowdfunding Dynamics

Belleflamme, Paul - 2019

Various forms of social learning and network effects are at work on crowdfunding platforms, giving rise to informational and payoff externalities. We use novel entrepreneur-backer data to study how these externalities shape funding dynamics, within and across projects. We find that backers...

Persistent link: https://www.econbiz.de/10012861378

Uncertainty and the Cost of Bank vs. Bond Finance

Grimme, Christian - 2019

risk of firm default …

Persistent link: https://www.econbiz.de/10012892132

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