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Equity financing of the entrepreneurial firm has achieved a rapid increase over the past> decade. Venture capital funds … background of asymmetric information between the entrepreneur and the (outside) investor. The analysis shows that venture capital … defines a framework in which financial holding companies can sponsor private equity funds that may provide venture capital to …
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This article describes the most important corporate governance practices in contemporary Germany. These practices include a prominent role for universal banks, other large financial and non-financial firms, and employees through a system known as codetermination. While some similarities exist,...
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William G. Dewald, director of research for the St. Louis Fed, examines how inflation magnifies the distorting effects of taxation when the tax treatment of interest income and expense is not fully indexed to inflation. The distortion involves a real interest tax wedge which is the difference...
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