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Financial systems and venture capital in Nordic countries: A comparative study

Hyytinen, Ari; Pajarinen, Mika - 2001

In this paper we present a comparative analysis of Nordic countries’ financial systems and consider in particular the recent growth of Nordic venture capital industries. We document that the Nordic countries’ financial systems display several similarities that have characterized their...

Persistent link: https://www.econbiz.de/10010285043

The Problem of Private Under-investment in Innovation: A Policy Mind Map

Peneder, Michael - 2008

This paper reviews the major finance-related causes of private under-investment in innovation and the consequent … rationales, aims and targets, critical constraints, and the main finance-related instruments of innovation policy. …

Persistent link: https://www.econbiz.de/10011435227

Financing the alternative: renewable energy in developing and transition countries

Brunnschweiler, Christa N. - 2006

This paper examines the determinants of credit allocation to renewable energy firms in developing and transition countries. Using a simple en- dogenous growth model, we show that the development of the renewable energy sector, i.e. the diversification of renewable energy resources used in...

Persistent link: https://www.econbiz.de/10011753114

The Theory of Financial Intermediation: An Essay On What It Does (Not) Explain

Scholtens, Bert; van Wensveen, Dick - 2003

This essay reflects upon the relationship between the current theory of financial intermediation and real-world practice. Our critical analysis of this theory leads to several building blocks of a new theory of financial intermediation. Current financial intermediation theory builds on the...

Persistent link: https://www.econbiz.de/10011689907

The role of comparing in financial markets with hidden information

Niinimäki, Juha-Pekka; Takalo, Tuomas; Kultti, Klaus - 2006

This paper studies how comparing can be used to provide information in financial markets in the presence of a hidden characteristics problem.Although an investor cannot precisely estimate the future returns of an entrepreneur's projects, the investor can mitigate the asymmetric information...

Persistent link: https://www.econbiz.de/10012147957

Geographic location of a new venture and the likelihood of a venture capital investment

Achleitner, Ann-Kristin; Bender, Marko; Kaserer, Christoph - 2010

Based on 1182 dyads of German new ventures and venture capitalists involved in a financing round between 2002 and 2007, we examine the impact of spatial proximity on the likelihood of an investment. We find that with each triplication of journey time the relative likelihood of an investment...

Persistent link: https://www.econbiz.de/10010305691

Does private equity investment spur innovation? Evidence from Europe

Popov, Alexander; Roosenboom, Peter - 2009

We provide the first cross-country evidence of the effect of investment by private equity firms on innovation, focusing … funds and insurance companies across countries and over time. We also control for the standard determinants of innovation … aggregate (private equity plus R&D) industrial spending, PE accounts for as much as 12% of industrial innovation. We also …

Persistent link: https://www.econbiz.de/10011605109