, this sensitivity is not reduced, but it increases, when companies receive venture capital. We interpret the results as … evidence of the presence of financing constraints and underinvestment problems in unquoted companies. Venture capital …

markets, private equity, and venture capital markets. …

-employee panel data for Belgium and rely on methodological approaches from both Hellerstein and Neumark (1995) and Bartolucci (2014 …

We investigate the cost of capital in a model with an agency conflict between inside managers and outside shareholders … depends on a parameter representing investor protection. In equilibrium, the marginal cost of capital is a weighted average of …, inside ownership, and the marginal cost of capital. We discuss implications for the determinants of firm size, the …

This paper presents a comprehensive treatment of the cost-of-capital approach for analyzing the economic impact of tax … policy. This approach has provided an intellectual impetus for reforms of capital income taxation in the United States and …. The cost-of-capital approach presented in this paper shows that important opportunities for tax reform still remain. This …

This paper investigates whether European banks have capital targets and how deviations from the target impact their … that there are notable asymmetries in banks' reactions to deviations from optimal capital levels. Banks prefer to reshuffle …