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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

Saving and Investment in an Open Economy with Non-Traded Goods

Engel, Charles M. - 2007

, investment in capital goods and a non-traded good. Such an environment is rich enough to explain several phenomena that are … inexplicable in more barren models. We suggest an explanation of why saving and investment may be correlated even with no … restrictions on trade in assets. We explain why a high saving country may nonetheless borrow from abroad to finance investment. We …

Persistent link: https://www.econbiz.de/10012777400

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

International Borrowing to Finance Investment

Engel, Charles M.; Kletzer, Kenneth M. - 2021

The motives of a small country for borrowing to purchase capital equipment on international markets are studied. The country produces tradable capital and a nontradable consumption good and borrows or lends capital to achieve higher levels of welfare. A shift in time-preference favoring future...

Persistent link: https://www.econbiz.de/10013248425

International Capital Inflows, Domestic Financial Intermediation and Financial Crises Under Imperfect Information

Chinn, Menzie David; Kletzer, Kenneth M. - 2021

. This model generates dynamic relationships between foreign capital inflows, domestic investment and domestic bank debt in … accumulation of bank debt and increasing concentration of domestic lending and investment to the anticipation of contingent …

Persistent link: https://www.econbiz.de/10013248678

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