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This chapter discusses issues pertaining to crowdfunding and entrepreneurial internationalization. We extend prior literature by examining case studies and portals where entrepreneurial internationalization is facilitated by crowdfunding. We discuss opportunities, challenges, and future research...
Persistent link: https://www.econbiz.de/10013002036
1997 dollars), 61.15% of the investment value was intra-provincial. We provide evidence that both agency costs and …
Persistent link: https://www.econbiz.de/10012778214
In this paper, we examine a Canadian tax-driven venture capital vehicle known as the quot;Labour Sponsored Venture Capital Corporationquot; (LSVCC). As a theoretical matter, we suggest that the LSVCCs can be expected to have higher agency costs and lower profitability than private venture...
Persistent link: https://www.econbiz.de/10012784881
Prior research has argued that convertible preferred equity is the optimal form of venture capital finance, based on datasets with up to 213 observations from the U.S., where unique tax biases exist in favour of convertible preferred. This paper introduces a comparable sample of 3083 Canadian...
Persistent link: https://www.econbiz.de/10012785701
incentives. Limited partnership investment activities are governed by restrictive covenants that are determined by negotiated … on capital contributions of up to CAN$5,000. LSVCC investment activities are governed by statutory restrictions. This …
Persistent link: https://www.econbiz.de/10012786091
This paper considers efficient venture capital investment duration for different types of entrepreneurial firms so that … on exit information asymmetries between the venture capitalist (as seller) and the new owners of the investment are … minimized, and capital gains maximized. We hypothesize that a number of factors are likely to affect investment duration, and …
Persistent link: https://www.econbiz.de/10012787012
We introduce the concept of style drift to private equity investment. We present theory and evidence pertaining to … investment performance …
Persistent link: https://www.econbiz.de/10012721771
capital market, comprising data on investment and venture capital activities of 127 Japanese venture capital funds. The data …
Persistent link: https://www.econbiz.de/10012727404
syndication and a lower probability of potentially harmful co-investment, and facilitate investor board representation of the …
Persistent link: https://www.econbiz.de/10012727749
-Sponsored Investment Funds (LSIFs). In contrast to expectations, we show that LSIFs have artificially low betas (the average beta is 0 … mutual fund structures for private equity investment. We compare and contrast the LSIF governance structure with structures …
Persistent link: https://www.econbiz.de/10012727973