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matching between startups and financiers, and the taxation of VC-backed startups matter significantly for growth. …Venture capital (VC) and growth are examined both empirically and theoretically. Empirically, VC-backed startups have … reaching the right tails of the firm size and innovation distributions. Furthermore, outcomes are better for startups matched …
Persistent link: https://www.econbiz.de/10012104061
research agenda. …
Persistent link: https://www.econbiz.de/10011507965
This paper offers a new explanation for the prevalent use of convertible securities in venture capital finance. Convertible securities can be used to endogenously allocate cash flow rights as a function of the realized quality of the project. This property can be used to mitigate the double...
Persistent link: https://www.econbiz.de/10009781712
of three promising areas for new research on environmental innovation. …
Persistent link: https://www.econbiz.de/10011983674
regarding research and scaling. It outlines conditions under which VC-backed startups prefer riskier, yet potentially more …The creation and scaling of startups are inherently linked to risk-taking, with various types of owners handling these … risks differently. This paper investigates the influence of an active venture capital (VC) market on startups’ decisions …
Persistent link: https://www.econbiz.de/10014564131
The importance of innovation for the economic performance of industrialized countries has been largely stressed recently by the theoretical and empirical literature. Moreover the intensity of knowledge externalities in generating innovation, is the key parameter in determining sustained growth...
Persistent link: https://www.econbiz.de/10009781621
This paper considers the effect of acquisition FDI on the knowledge production function. We distinguish between acquisitions by MNEs from technologically leading countries and those behind the technological frontier. We show that both acquire similarly R&D intensive domestic firms, but there are...
Persistent link: https://www.econbiz.de/10009503803
Venture capitalists not only finance but also advise and thereby add value to young innovative firms. The prospects of venture capital backed firms thus depend on joint efforts of entrepreneurs and informed venture capitalists, and are subject to double moral hazard. In financing a portfolio of...
Persistent link: https://www.econbiz.de/10011514038
entrepreneurial effort allocated to high-quality invention projects. Using data on patents granted to small firms and individuals, we … are shown to be solved by verification through entry for sale. -- acquisitions ; entrepreneurship ; innovation ; start-ups …
Persistent link: https://www.econbiz.de/10009691699
Private independent limited partnership venture capital funds receive capital from institutional investors, without tax incentives. Limited partnership investment activities are governed by restrictive covenants that are determined by negotiated contract between the fund managers (general...
Persistent link: https://www.econbiz.de/10011514156