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Venture capital and growth of young high-tech firms in the EU : a systematic review of the empirical evidence

Pantea, Smaranda; Tkacik, Marcel - 2021

This study contributes to the debate on VC-related policies that aim to support the growth of young high-tech firms in the EU. The study provides a systematic review of the results of 22 firm-level studies that estimate causal effects of VC using counterfactual impact evaluation methods and data...

Persistent link: https://www.econbiz.de/10014533546

The role of convertible securities in venture capital

Chang, Shih-chung; Wu, Ho-Mou - 2009

entrepreneurs are better informed than the venture capitalists (VCs). We demonstrate that for a well-designed contract the … variability of the return is sufficiently large, the entrepreneurs will find it desirable to rely on convertible securities with … with which the entrepreneurs are awarded equity shares without investment outlays. We compare the different financing …

Persistent link: https://www.econbiz.de/10009298667

How important are personal ties, trust and tolerance for life satisfaction in Europe?

Crowley, Frank; Walsh, Edel - 2018

Many argue that the rise in populist support in Europe and elsewhere stems from people feeling marginalised, distrustful and generally dissatisfied. Against a backdrop of populism, this paper aims to examine the relationship between social capital and life satisfaction using data on 21,000...

Persistent link: https://www.econbiz.de/10012020044

Social capital and vaccination compliance : evidence from Italy

Montresor, Giulia; Schiavon, Lucia - 2023

Persistent link: https://www.econbiz.de/10014443576

Optimal IPO design with informed trading

Parlane, Sarah (contributor); Rousseau, Fabrice (contributor) - 2007

We characterize optimal IPO design in the distinct adverse selection problems: one affecting the IPO stage and one arising in the after-market. Allocating shares to an investor with superior information in the after-market depresses the share's value to less informed investors. However, because...

Persistent link: https://www.econbiz.de/10003581262

Certification and market transparency

Stahl, Konrad; Strausz, Roland - 2014

We provide elementary insights into the effectiveness of certification to increase market transparency. In a market with opaque product quality, sellers use certification as a signaling device, while buyers use it as an inspection device. This difference alone implies that seller-certification...

Persistent link: https://www.econbiz.de/10011491434

Positive liquidity spillovers from sovereign bond-backed securities

Dunne, Peter G. - 2018

There are competing arguments about the likely effects of Sovereign Bond-Backed Securitisation on the liquidity of sovereign bond markets. By analysing hedging and diversification opportunities, this paper shows that positive liquidity spillovers would dominate or at least constrain the extent...

Persistent link: https://www.econbiz.de/10011848364

Arbitraging the Basel securitization framework : evidence from German ABS investment

Efing, Matthias - 2016

This paper provides evidence for regulatory arbitrage within the class of asset-backed securities (ABS) based on individual asset holding data of German banks. I find that banks operating with tight regulatory constraints exploit the low risk-sensitivity of rating-contingent capital requirements...

Persistent link: https://www.econbiz.de/10011975264

Tax policy, venture capital and entrepreneurship

Keuschnigg, Christian - 2000

Persistent link: https://www.econbiz.de/10014378816

Public policy for venture capital

Keuschnigg, Christian - 2001

Persistent link: https://www.econbiz.de/10014378862