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This discussion paper resulted in an article in the <I>Annals of Regional Science</I> (2012). Volume 48, issue 2(SI), pages 501-527.<P> This paper addresses the performance of creative firms from the perspective of complex spatial systems. Based on an extensive high-dimensional database on both the...</p></i>
Persistent link: https://www.econbiz.de/10011255701
Organizational theory has construed complexity as an objective characteristic of either the structure or the behaviour of an organization. We argue that to further our understanding it should be understood in terms of human cognition of a structure or behavior. This cognitive twist is...
Persistent link: https://www.econbiz.de/10005137220
Organizational theory has construed complexity as an objective characteristic of either the structure or the behaviour of an organization. We argue that to further our understanding it should be understood in terms of human cognition of a structure or behavior. This cognitive twist is...
Persistent link: https://www.econbiz.de/10011257510
’ balance sheets deteriorated between the fourth quarters of 1993 and 1995, which points the possibility of corporate roots of …
Persistent link: https://www.econbiz.de/10011255633
reduces banks’ incentive to build precautionary capital buffers. A key implication is that the effects of competition on risk …
Persistent link: https://www.econbiz.de/10011255642
We analyze financial support for the entrepreneurial sector. State support can raise welfare by relaxing financial constraints, but it can also reduce lending standards if entrepreneurs substitute public sources of collateral for their own assets, if it encourages excessive entrepreneurial...
Persistent link: https://www.econbiz.de/10011256213
We examine the impact CDS protection on lending relationships and efficiency. CDS insulate lenders against losses from forcing borrowers into default and liquidation. This improves the credibility of foreclosure threats, which can have positive implications for borrower incentives and credit...
Persistent link: https://www.econbiz.de/10011256236
deals and the choice between corporate venturing and independent venture capital finance. …Strategic investors, such as corporate venture capitalists, engage in the financing of start-up firms to complement … choice between strategic and financial investors. Our framework provides insights into the design of corporate venturing …
Persistent link: https://www.econbiz.de/10011261927
This article investigates empirically whether and to what extent initial capital constraints hinder entrepreneurial …—to measure the influence of capital constraints more directly. The authors find that initial capital constraints during the start …
Persistent link: https://www.econbiz.de/10005209500
This paper analyzes the impact of blockownership dispersion on firm value. Blockholdings by multiple blockholders is a widespread phenomenon in the U.S. market. It is not clear, however, whether dispersion among blockholder is preferable to having a more concentrated ownership structure. To test...
Persistent link: https://www.econbiz.de/10008513240