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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
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Foreign Direct Investment and the Domestic Capital Stock
Desai, Mihir A. - 2005
This paper evaluates evidence of the impact of outbound foreign direct investment (FDI) on domestic investment rates …. OECD countries with high rates of outbound FDI in the 1980s and 1990s exhibited lower domestic investment than other … countries, which suggests that FDI and domestic investment are substitutes. U.S. time series data tell a very different story …
Persistent link: https://www.econbiz.de/10012784973
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The Stock Market and Investment : Evidence from FDI Flows
Baker, Malcolm P. - 2004
Foreign direct investment offers a rich laboratory in which to study the broader economic effects of securities market …
Persistent link: https://www.econbiz.de/10012785626
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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
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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
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Watch What I Do, Not What I Say : the Unintended Consequences of the Homeland Investment Act
Dharmapala, Dhammika - 2010
This paper analyzes the impact on firm behavior of the Homeland Investment Act of 2004, which provided a one-time tax …. Repatriations did not lead to an increase in domestic investment, employment or R&D -- even for the firms that lobbied for the tax …
Persistent link: https://www.econbiz.de/10013152600