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Creativity as an integral element of social capital and its role for economic performance
Westlund, Hans; Andersson, Martin; Karlsson, Charlie - Centre of Excellence for Science and Innovation … - 2013
influence on each other. We regard creativity as one of the sources of entrepreneurship and innovation (although creativity also … and values being distributed in them, social capital can promote entrepreneurship and innovation and thus economic growth …, but social capital can have an inhibiting effect on entrepreneurship and innovation. Social capital can contribute to …
Persistent link: https://www.econbiz.de/10010818716
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The Wider Economic Impacts of High-Skilled Migrants: A Survey of the Literature
Nathan, Max - Institute for the Study of Labor (IZA) - 2013
In recent years, the economics of migration literature has shown a substantial growth in papers exploring host country impacts beyond the labour market. Specifically, researchers have begun to shift their attention from labour market and fiscal changes, towards exploring what we might call...
Persistent link: https://www.econbiz.de/10010796455
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Venture Capital, Entrepreneurship, and Regional Economic Growth
Samila, Sampsa - 2009
capital (VC) positively affects (i) the number of firm starts, (ii) employment, and (iii) aggregate income. Our results remain …
Persistent link: https://www.econbiz.de/10012720458
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Public policy, entrepreneurship, and venture capital in the United States
Cumming, Douglas; Li, Dan - In: Journal of Corporate Finance 23 (2013) C, pp. 345-367
This paper empirically examines business starts, deaths, venture capital and patents in relation to U.S. public policy. The most consistent evidence in the data shows that lower levels of labor frictions and higher levels of SBIR awards are associated with more business starts and higher levels...
Persistent link: https://www.econbiz.de/10010719631
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Patent collateral investor commitment and the market for venture lending
Hochberg, Yael V.; Serrano, Carlos J.; Ziedonis, … - Department of Economics and Business, Universitat … - 2014
The use of debt to finance risky entrepreneurial-firm projects is rife with informational and contracting problems. Nonetheless, we document widespread lending to startups in three innovation-intensive sectors and in early stages of development. At odds with claims that the secondary patent...
Persistent link: https://www.econbiz.de/10010940078
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Patent Collateral, Investor Commitment, and the Market for Venture Lending
Hochberg, Yael V.; Serrano, Carlos J.; Ziedonis, … - Barcelona Graduate School of Economics (Barcelona GSE) - 2014
The use of debt to finance risky entrepreneurial-firm projects is rife with informational and contracting problems. Nonetheless, we document widespread lending to startups in three innovation-intensive sectors and in early stages of development. At odds with claims that the secondary patent...
Persistent link: https://www.econbiz.de/10010950598
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What is the Effect of the Current Financial Crisis on Venture Capital Financing? Empirical Evidence from US Internet Start-ups
Block, Joern; Sandner, Philipp - Volkswirtschaftliche Fakultät, … - 2009
Employing a large dataset regarding venture capital investments in US Internet firms, we analyze the effect of the current financial crisis on the venture capital market. Using regression analysis, we find that the financial crisis led to a 20% decrease in the average amount of funds raised per...
Persistent link: https://www.econbiz.de/10005836075
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Evolution of the venture capital financing for growing small and medium enterprises in Central and Eastern Europe countries: the case of Macedonia
Lazarevski, Dimche; Mrsik, Jadranka; Smokvarski, Edi - Volkswirtschaftliche Fakultät, … - 2012
The objective of this paper is to examine and analyze the differences between Venture Capital development in Macedonia and several Central and Eastern Europe countries, to determine the reasons, and hence extract certain conclusions that will serve as a guideline in Macedonia’s venture capital...
Persistent link: https://www.econbiz.de/10011260084
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Banks versus venture capital when the venture capitalist values private benefits of control
Inci, Eren; Barlo, Mehmet - Volkswirtschaftliche Fakultät, … - 2010
If control of their firms allows entrepreneurs to derive private benefits, it also allows other controlling parties. Private benefits are especially relevant for venture capitalists, who typically get considerable control in their portfolio firms, but not for banks, which are passive loan...
Persistent link: https://www.econbiz.de/10008674267
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Competition, syndication, and entry in the venture capital market
Hong, Suting - Federal Reserve Bank of Philadelphia - 2013
There are two ways for a venture capital (VC) firm to enter a new market: initiate a new deal or form a syndicate with an incumbent. Both types of entry are extensively observed in the data. In this paper, I examine (i) the causes of syndication between entrant and incumbent VC firms, (ii) the...
Persistent link: https://www.econbiz.de/10010732484