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Moving Towards a More Dynamic Business Sector in Spain
Pandiella, Alberto González - Economics Department, Organisation de Coopération et … - 2014
Policy efforts to revitalise entrepreneurship and investment in Spain are key to generating growth and new jobs. The … government has a substantial reform program to make it easier to do business in Spain, which should in some cases be deepened … be relieved. This would be facilitated by more efficient insolvency procedures and further development of non …
Persistent link: https://www.econbiz.de/10011276814
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The Legal Road To Replicating Silicon Valley
Armour, John; Cumming, Douglas - ESRC Centre for Business Research - 2004
Must policymakers seeking to replicate the success of Silicon Valley’s venture capital market first replicate other US institutions, such as deep and liquid stock markets? Or can legal reforms alone make a significant difference? In this paper, we compare the economic and legal determinants of...
Persistent link: https://www.econbiz.de/10005813038
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Exports, Foreign Direct Investment and the Costs of Corporate Taxation
Keuschnigg, Christian - CESifo - 2007
This paper develops a model of a monopolistically competitive industry with extensive and intensive business investment and shows how these margins respond to changes in average and marginal corporate tax rates. Intensive investment refers to the size of a firm’s capital stock. Extensive...
Persistent link: https://www.econbiz.de/10005094313
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Exports, Foreign Direct Investment and the Costs of Corporate Taxation
Keuschnigg, Christian - Saïd Business School, Oxford University - 2007
This paper develops a model of a monopolistically competitive industry with extensive and intensive business investment and shows how these margins respond to changes in average and marginal corporate tax rates. Intensive investment refers to the size of a firm’s capital stock. Extensive...
Persistent link: https://www.econbiz.de/10005487424
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Exports, Foreign Direct Investment and the Costs of Corporate Taxation
Keuschnigg, Christian - School of Economics and Political Science, Universität … - 2006
Depending on the definition of the tax base, the statutory corporate tax rate implies rather different measures of effective average and marginal tax rates. This paper develops a model of a monopolistically competitive industry with extensive and intensive business investment and shows how these...
Persistent link: https://www.econbiz.de/10005453944
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Exports, Foreign Direct Investment and the Costs of Coporate Taxation
Keuschnigg, Christian - C.E.P.R. Discussion Papers - 2006
Depending on the definition of the tax base, the statutory corporate tax rate implies rather different measures of effective average and marginal tax rates. This paper develops a model of a monopolistically competitive industry with extensive and intensive business investment and shows how these...
Persistent link: https://www.econbiz.de/10005788989
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Convertible Preferred Stock in Venture Capital Financing
Ippolito, Filippo - Department of Economics, Oxford University - 2006
We develop a model in which cash-constrained entrepreneurs seek a venture capitalist (VC) to finance a new firm. Costly monitoring is employed by VCs to reduce entrepreneurial moral hazard. When monitoring reveals poor performance, VCs want to punish the entrepreneur with liquidation. However,...
Persistent link: https://www.econbiz.de/10010661352
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Capital Structure and Seniority in Entrepreneurial Firms
Ippolito, Filippo - Department of Economics, Oxford University - 2005
We present a model of cash constrained entrepreneurs who need an investor to finance their project. Investors can either be uninformed, such as individual bondholders, or informed, such as venture capitalists and banks. There is an entrepreneurial moral hazard problem, which can be partially...
Persistent link: https://www.econbiz.de/10010661398
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Convertible Preferred Stock in Venture Capital Financing
Ippolito, Flippo - Finance Research Centre, Oxford University - 2006
We develop a model in which cash-constrained entrepreneurs seeks a venture capitalist (VC) to finance a new firm. Costly monitoring is employed by VCs to reduce entrepreneurial moral hazard. When monitoring reveals poor performance, VCs want to punish the entrepreneur with liquidation. However,...
Persistent link: https://www.econbiz.de/10005227065
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Shrinking Goods
Levy, Daniel; Snir, Avichai - Rimini Centre for Economic Analysis (RCEA) - 2013
If producers have more information than consumers about goods’ attributes, then they may use non-price (rather than price) adjustment mechanisms and, consequently, the market may reach a new equilibrium even if prices don't change. We study a situation where producers adjust the quantity per...
Persistent link: https://www.econbiz.de/10010656019