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open regional economy. First, we describe the first best investment contract, we study the second best investment contract … (collateralizable income) on investment by entrepreneurs. Next, we analyze the interaction between entrepreneurs and venture capitalists … second period entrepreneurs. We show that a rise in the per capita debt has an effect on investment that is analogous to a …
Persistent link: https://www.econbiz.de/10013119355
open regional economy. First, we describe the first best investment contract, we study the second best investment contract … (collateralizable income) on investment by entrepreneurs. Next, we analyze the interaction between entrepreneurs and venture capitalists … second period entrepreneurs. We show that a rise in the per capita debt has an effect on investment that is analogous to a …
Persistent link: https://www.econbiz.de/10013141103
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Foreign direct investment (FDI) is observed to be a predominant form of capital flows to low and middle income … countries with insufficiently developed capital markets. This paper analyzes the problem of channeling domestic savings into … productive investment in the presence of asymmetric information between the managing owners of firms and other portfolio …
Persistent link: https://www.econbiz.de/10012752887
Foreign direct investment (FDI) is observed to be a predominant form of capital flows to low and middle income … countries with insufficiently developed capital markets. This paper analyzes the problem of channeling domestic savings into … productive investment in the presence of asymmetric information between the managing owners of firms and other portfolio …
Persistent link: https://www.econbiz.de/10012472477