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Financial Intermediation and Aggregate Fluctuations : A Quantative Analysis

Cooper, Russell - 2010

accumulation process lead to fluctuations in the real returns from intermediated investment. For this economy, we find that the … output, investment is negatively correlated with output, variations in the capital stock are quite large and interest rates …

Persistent link: https://www.econbiz.de/10013138142

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

Capital Reallocation and Aggregate Productivity

Cooper, Russell - 2013

This paper studies the interaction between capital reallocation and business cycles. Capital reallocation is pro-cyclical and leads to variations in measured aggregate productivity. Using a simulated method of moments approach, different sources of aggregate fluctuations are studied to assess...

Persistent link: https://www.econbiz.de/10013071893

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

On the Nature of Capital Adjustment Costs

Cooper, Russell; Haltiwanger, John - 2021

chosen to reproduce the nonlinear relationship between investment and profitability that we uncover in the plant-level data …

Persistent link: https://www.econbiz.de/10013245099

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

Euler-Equation Estimation for Discrete Choice Models : A Capital Accumulation Application

Cooper, Russell - 2013

, which are important for understanding both the dynamics of aggregate investment and the impact of various policies on … estimation of parameters of dynamic optimization problems in which non-convexities lead to extended periods of investment … inactivity. In doing so, we create a method to take into account censored observations stemming from intermittent investment …

Persistent link: https://www.econbiz.de/10013095179