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The lack of portfolio granularity in terms of exposure has been shown to have important implications for the amount of a financial institution’s economic capital. Based on a numerical simulation model, we provide concrete examples of how granularity affects capital levels. We achieve this by...
Persistent link: https://www.econbiz.de/10012217923
This paper analyses ownership and control structures of Dutch listed companies. Legislation effective since 1992 …
Persistent link: https://www.econbiz.de/10011608486
The paper analyses the ownership structure of a large sample of Spanish listed companies. The results are analysed in terms of governance implications under the agency theory context. The results show a picture with concentrated ownership where stock markets are relatively low important. Direct...
Persistent link: https://www.econbiz.de/10011608487
Persistent link: https://www.econbiz.de/10011696602
There is an increased interest in small companies and entrepreneurship among academicians and policy makers. The melting of the cold war and the collapse of the socialist economies of the Soviet bloc, in combination with the interest of the affected countries in imitating some form of...
Persistent link: https://www.econbiz.de/10011310292
This paper is a first attempt at differentiating the problems of finance of the privately held small businesses from …
Persistent link: https://www.econbiz.de/10011310299
There has developed within the past decade an increased interest among academicians and policy makers in the small companies and entrepreneurs of the world. Domestically, small business is viewed by the “true believers” as the engine that drives the machinery, citing innovation and job...
Persistent link: https://www.econbiz.de/10011310314
unconstrained in both product and factor markets, finance has been widely identified as a potential constraint on entrepreneurial … activity due to either debt or equity gaps. However, in terms of externally supplied finance, it is arguably the availability … with the provision of debt finance, the nature of the relationship between bank and entrepreneur can be of considerable …
Persistent link: https://www.econbiz.de/10011310345
firm finance. Specifically, I present web pages that focus on general entrepreneurial issues and different avenues for …
Persistent link: https://www.econbiz.de/10011310360
External finance is central for nascent entrepreneurs, people in the process of starting new ventures. We argue that … increase the likelihood of obtaining equity finance. Thus, if signals are credible, innovation positively impacts external … that the relation between finance and innovation depends on the stage of a start-up lifecycle. …
Persistent link: https://www.econbiz.de/10010266651