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The U.S. Left Behind : The Rise of IPO Activity Around the World

Doidge, Craig - 2011

During the past two decades, there has been a dramatic change in IPO activity around the world. Though vibrant IPO activity, attributed to better institutions and governance, used to be a strength of the U.S., it no longer is. IPO activity in the U.S. has fallen compared to the rest of the world...

Persistent link: https://www.econbiz.de/10013127767

The Ifo Investment Database

Strobel, Thomas - 2013

In this paper we present the Ifo Investment Database, which provides annual investment data for 12 investment assets in … allows allocating investments by asset type to each industry, using an investment flow matrix. The database enables … researchers to analyze structural investment behavior on the industry level and to identify changes in the importance of in-vestment …

Persistent link: https://www.econbiz.de/10013084902

A Survey of Venture Capital Research

Da Rin, Marco - 2014

examines the work on venture capital investments in companies, looking at issues of selection, contracting, post-investment …

Persistent link: https://www.econbiz.de/10013067246

The Geography of Crowdfunding

Agrawal, Ajay K. - 2014

Perhaps the most striking feature of "crowdfunding" is the broad geographic dispersion of investors in small, early-stage projects. This contrasts with existing theories that predict entrepreneurs and investors will be co-located due to distance-sensitive costs. We examine a crowdfunding setting...

Persistent link: https://www.econbiz.de/10013068501

Current Account Fact and Fiction

Backus, David K. - 2009

features of the world at present are the low rates of investment and growth in some of the richest countries, whose surpluses … account for about half of the US deficit. The result is that financial capital is flowing out of countries with low investment …

Persistent link: https://www.econbiz.de/10013153986

Taxes and the Global Allocation of Capital

Backus, David K. - 2007

Despite enormous growth in international capital flows, capital-output ratios continue to exhibit substantial heterogeneity across countries. We explore the possibility that taxes, particularly corporate taxes, are a significant source of this heterogeneity. The evidence is mixed. Tax rates...

Persistent link: https://www.econbiz.de/10012775558

Financial Frictions, Investment and Tobin's Q

Lorenzoni, Guido - 2007

We develop a model of investment with financial constraints and use it to investigate the relation between investment … between q and investment, relative to the frictionless benchmark. We present a calibrated version of the model, which, due to … this effect, generates realistic correlations between investment, q, and cash flow …

Persistent link: https://www.econbiz.de/10012776954

Human Capital and the Feldstein-Horioka Puzzle

Katsimi, Margarita - 2007

view (i.e., including human capital) of investment and saving. We find that the Feldstein-Horioka result is impervious to …

Persistent link: https://www.econbiz.de/10012777642

International R&D Spillovers and Institutions

Coe, David T. - 2010

The empirical analysis in quot;International Ramp;D Spilloversquot; (Coe and Helpman, 1995) is first revisited by applying modern panel cointegration estimation techniques to an expanded data set that we have constructed for the purpose of this study. The new estimates confirm the key results...

Persistent link: https://www.econbiz.de/10012759295

Sudden Flight and True Sudden Stops

Rothenberg, Alexander D. - 2010

We extend the sudden stops literature by allowing crisis episodes to be caused by either the retreat of global investors, as is assumed but not shown in the extant literature, or the sudden flight of local investors. We find that almost half of the previously defined sudden stops are actually...

Persistent link: https://www.econbiz.de/10012760514