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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

Tax Policy, Venture Capital, and Entrepreneurship

Keuschnigg, Christian - 2006

, progressive taxation as well as investment and output subsidies to the entrepreneurial sector …

Persistent link: https://www.econbiz.de/10012783952

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

Profit Taxation and Finance Constraints

Keuschnigg, Christian - 2010

In the absence of financing frictions, profit taxes reduce investment by their effect on the user cost of capital. With … finance constraints due to moral hazard, investment becomes sensitive to cash-flow and own equity of firms. We propose a … corporate finance model of investment and derive three central results: (i) Even small taxes impose first order welfare losses …

Persistent link: https://www.econbiz.de/10013148299

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

A Growth Oriented Dual Income Tax

Dietz, Martin D.; Keuschnigg, Christian - CESifo - 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/10005181471