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Comparative venture capital governance : private versus labour sponsored venture capital funds
Cumming, Douglas J.; MacIntosh, Jeffrey G. - 2003
Private independent limited partnership venture capital funds receive capital from institutional investors, without tax incentives. Limited partnership investment activities are governed by restrictive covenants that are determined by negotiated contract between the fund managers (general...
Persistent link: https://www.econbiz.de/10011514156
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Venture's Economic Impact in Australia
Cumming, Douglas J. - 2014
backed by government subsidized Innovation Investment Funds (IIFs), to the Australian economy by analyzing employment, R …
Persistent link: https://www.econbiz.de/10013064834
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COVID-19 and entrepreneurial processes in U.S. equity crowdfunding
Cumming, Douglas J.; Reardon, Robert S. - 2021
COVID-19 brought about a shift in entrepreneurial opportunities and in the United States. In this paper, we proxy entrepreneurial processes by examining housing prices in different regions of the United States. Housing prices capture the movement in people, tax dynamics, and behavioral...
Persistent link: https://www.econbiz.de/10012672286
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Venture's Economic Impact in Australia
Cumming, Douglas J. - 2015
backed by government subsidized Innovation Investment Funds (IIFs), in the Australian economy by analyzing employment, R … of government sponsorship of venture capital under the Australian program design, which is sharply in contrast with the … lack of success of government venture programs in other countries …
Persistent link: https://www.econbiz.de/10013034722
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Does speculative news hurt productivity? Evidence from takeover rumors
Andres, Christian; Bazhutov, Dmitry; Cumming, Douglas J.; … - 2023
Speculative news on corporate takeovers may hurt productivity because uncertainty and threat of job loss cause anxiety, distraction, and reduced collaboration and morale among employees and managers. Using a panel of OECD-headquartered firms, we show that firm productivity temporarily declines...
Persistent link: https://www.econbiz.de/10014001218
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Chinese Capital Markets : Institutional Reforms and Growing Global Links
Cumming, Douglas J. - 2017
The recent institutional reforms in China provide new settings to explore various important topics in finance. Three major reforms are namely the Anti-Corruption Campaign, Mass Entrepreneurship and Innovation and the Belt and Road initiative (also known as the land and maritime Silk Road...
Persistent link: https://www.econbiz.de/10012954657
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The M&A Rumor Productivity Dip
Andres, Christian; Bazhutov, Dmitry; Cumming, Douglas J.; … - 2021
M&A rumors cause anxiety, distraction, and reduced employee morale due to the implicit threat of job loss. Using an international sample of M&A rumors that do not materialize, we show that firm productivity temporarily declines after rumors surface. This productivity dip is more pronounced for...
Persistent link: https://www.econbiz.de/10013250839
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Does speculative news hurt productivity? : evidence from takeover rumors
Andres, Christian; Bazhutov, Dmitry; Cumming, Douglas J.; … - 2021
Takeover speculation may hurt productivity because uncertainty and threat of job loss cause anxiety, distraction, and reduced collaboration and morale among employees. Using a large panel of OECD-headquartered firms, we show that firm productivity temporarily declines after announcements of...
Persistent link: https://www.econbiz.de/10012816126
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The M&A rumor productivity dip
Andres, Christian; Bazhutov, Dmitry; Cumming, Douglas J.; … - 2021
M&A rumors cause anxiety, distraction, and reduced employee morale due to the implicit threat of job loss. Using an international sample of rumors that do not result in public bids, we show that firm productivity temporarily declines after M&A rumors surface. This productivity dip is more...
Persistent link: https://www.econbiz.de/10012416095
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Does speculative news hurt productivity? : evidence from takeover rumors
Andres, Christian; Bazhutov, Dmitry; Cumming, Douglas J.; … - 2021 - [Vers. 04/2024]
We show that productivity at both the firm and employee (i.e., analyst and inventor) level temporarily declines upon announcements of takeover rumors that do not materialize. Such speculative news may hurt productivity because uncertainty and threat of job loss cause anxiety, distraction, and...
Persistent link: https://www.econbiz.de/10014540304