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Developing Essential Financial Markets in Smaller Economies; Stylized Facts and Policy Options
International Monetary Fund (IMF); International … - 2008
This paper surveys the foreign exchange markets, money and secondary government security markets, and stock exchanges in 107 smaller economy countries. The underdevelopment of these markets impedes risk transfer, monetary policy, corporate financing, and the capacity to absorb capital inflows....
Persistent link: https://www.econbiz.de/10011245902
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Noncompete Covenants: Incentives to Innovate or Impediments to Growth
Samila, Sampsa; Sorenson, Olav - In: Management Science 57 (2011) 3, pp. 425-438
We find that the enforcement of noncompete clauses significantly impedes entrepreneurship and employment growth. Based on a panel of metropolitan areas in the United States from 1993 to 2002, our results indicate that, relative to states that enforce noncompete covenants, an increase in the...
Persistent link: https://www.econbiz.de/10009209389
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Public Financial Institutions in Developed Countries; Organization and Oversight
Ratnovski, Lev; Narain, Aditya - International Monetary Fund (IMF) - 2007
While public financial institutions (such as public development banks) are commonly associated with developing countries, in fact they are prevalent in the developed world as well. We study a sample of public financial institutions in industrialized countries and identify dominant trends in...
Persistent link: https://www.econbiz.de/10005826304
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Conflicts between entrepreneurs and investors: the impact of perceived unethical behavior
Collewaert, Veroniek; Fassin, Yves - In: Small Business Economics 40 (2013) 3, pp. 635-649
capitalists on their conflict process. For this purpose, we use an embedded case study design to provide a diversity of … perspectives on the topic at hand. From the eye of the beholder, i.e. investor, entrepreneur or both, 11 conflict situations were … blaming. Further, we propose that perceived unethical behavior affects venture partners’ choice of conflict management …
Persistent link: https://www.econbiz.de/10010865529
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Does Venture Capital Syndication Spur Employment Growth and Shareholder Value? : evidence from German IPO Data
Lehmann, Erik - Fachbereich Wirtschaftswissenschaften, Universität Konstanz - 2004
This study examines empirically the syndication of equity by multiple venture capitalists in Germany. Following the literature, there are mainly two competing views as to why venture capitalists syndicate investments. First, syndication can be viewed as a means of risk-sharing. Second, venture...
Persistent link: https://www.econbiz.de/10005357869
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How Does Privatization Work? Ownership Concentration and Enterprise Performance in Ukraine
Pivovarsky, Alexander - International Monetary Fund (IMF) - 2001
This paper investigates the relationship between ownership concentration and enterprise performance in Ukraine. Using data on 376 medium and large enterprises, it finds that ownership concentration is positively associated with enterprise performance in Ukraine. The paper also finds that...
Persistent link: https://www.econbiz.de/10005826048
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Does Venture Capital Syndication Spur Employment Growth and Shareholder Value? Evidence from German IPO Data
Lehmann, Erik - In: Small Business Economics 26 (2006) 5, pp. 455-464
This study empirically examines the syndication of equity by multiple venture capitalists in Germany. Following the literature, there are mainly two competing views as to why venture capitalists syndicate investments. First, syndication can be viewed as a means of risk-sharing. Second, venture...
Persistent link: https://www.econbiz.de/10005547599
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Does acquiring venture capital pay off for the funded firms? A meta-analysis on the relationship between venture capital investment and funded firm financial performance
Rosenbusch, Nina; Brinckmann, Jan; Müller, Verena - In: Journal of Business Venturing 28 (2013) 3, pp. 335-353
Researchers and practitioners frequently propose that venture capital (VC) is an important resource to increase the performance of funded firms, especially in environments of uncertainty. In this paper we scrutinize these theoretical propositions, following an evidence-based research approach....
Persistent link: https://www.econbiz.de/10011040320
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Unions and the Labor Market for Managers
DiNardo, John; Hallock, Kevin F.; Pischke, Jörn-Steffen - Institute for the Study of Labor (IZA) - 2000
We examine the relationship between the employment and compensation of managers and CEOs and the presence of a … monitoring, which requires more managers. The model also assumes rent sharing between workers, managers and the owners of the … firm. Unions, by redistributing rents towards the workers, lead to lower employment and lower pay for managers. Using a …
Persistent link: https://www.econbiz.de/10005233814
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Unions And The Labour Market For Managers
Dinardo, John; Hallock, Kevin F; Pischke, Jörn-Steffen - C.E.P.R. Discussion Papers - 2000
We examine the relationship between the employment and compensation of managers and CEOs and the presence of a … monitoring, which requires more managers. The model also assumes rent sharing between workers, managers and the owners of the … firm. Unions, by redistributing rents towards the workers, lead to lower employment and lower pay for managers. Using a …
Persistent link: https://www.econbiz.de/10005666977