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The Consequences of Entrepreneurial Finance : A Regression Discontinuity Analysis

Kerr, William - 2014

This paper documents the role of angel funding for the growth, survival, and access to follow-on funding of high-growth start-up firms. We use a regression discontinuity approach to control for unobserved heterogeneity between firms that obtain funding and those that do not. This technique...

Persistent link: https://www.econbiz.de/10013070159

The Determinants of Corporate Venture Capital Successes : Organizational Structure, Incentives, and Complementarities

Gompers, Paul A. - 2001

We examine a sample of over thirty thousand transactions by corporate and other venture organizations. Corporate venture investments in entrepreneurial firms appear to be at least as successful (using such measures as the probability of the portfolio firm going public) as those backed by...

Persistent link: https://www.econbiz.de/10012788317

The Present Value of Profits and Cyclical Movements in Investment

Abel, Andrew B.; Blanchard, Olivier J. - 2021

Most of the empirical work on investment is based on the existence of a relation between investment and the expected … demand and technology and examine its relation to investment.We find that variations in this present value series are … value series, although significantly related to investment, still leaves unexplained a large, serially correlated fraction …

Persistent link: https://www.econbiz.de/10013218122

An Intertemporal Model of Saving and Investment

Abel, Andrew B.; Blanchard, Olivier J. - 2021

, does not allow separation of the savings decisions of agents from the investment decisions of firms. Investment is … essentially passive: the "one good" assumption leads to a perfectly elastic investment supply; the absence of installation costs … for investment leads to a perfectly elastic investment demand. On the other hand, the standard model of temporary …

Persistent link: https://www.econbiz.de/10013225173

Private Equity and Long-Run Investment : The Case of Innovation

Lerner, Josh - 2015

A long-standing controversy is whether LBOs relieve managers from short-term pressures from public shareholders, or whether LBO funds themselves are driven by short-term profit motives and sacrifice long-term growth to boost short-term performance. We investigate 495 transactions with a focus on...

Persistent link: https://www.econbiz.de/10012749918

Revisiting European Unemployment : Unemployment, Capital Accumulation, and Factor Prices

Blanchard, Olivier J. - 2000

This paper starts from two sets of facts about Continental Europe.The first is the steady increase in unemployment since the early 1970s. The second is the evolution of the capital share, an initial decline in the 1970s, followed by a much larger increase since the mid-1980s. The paper then...

Persistent link: https://www.econbiz.de/10014158147

An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output

Blanchard, Olivier J.; Perotti, Roberto - 2021

increases in government spending have a strong negative effect on investment spending …

Persistent link: https://www.econbiz.de/10013228233