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Private independent limited partnership venture capital funds receive capital from institutional investors, without tax … Labour Sponsored Venture Capital Corporations (LSVCCs) receive capital only from individual investors who receive tax breaks … governance and tax incentives: (1) on the distribution of venture capital funding between private and LSVCC funds; (2) on the …
Persistent link: https://www.econbiz.de/10011514156
There are two main sources of confusion in the public corporate governance debate. One is the confusion about the role of public policy intervention. The other is a lack of empirical knowledge about the corporate landscape where rules are supposed to be implemented and the functioning of...
Persistent link: https://www.econbiz.de/10009775539
One of the major issues for SME development has been access to finance. This paper examines the current state of SME development and financing in Kazakhstan. It also examines the current state of the development of value chains and discusses barriers for agriculture value chain financing. The...
Persistent link: https://www.econbiz.de/10012113904
Persistent link: https://www.econbiz.de/10009504773
-post performance, we find that issuer firms expand their total assets and fixed assets, and also raise their leverage. …
Persistent link: https://www.econbiz.de/10012390449
their leverage …
Persistent link: https://www.econbiz.de/10012419623
issuer firms expand their total assets and fixed assets, and also raise their leverage …
Persistent link: https://www.econbiz.de/10012614108
thresholds beyond which leverage has a negative and significant impact on investment. The investment sensitivity of debt …This paper investigates the link between corporate debt and investment for a group of five peripheral euro area … countries. Using firm-level data from 2005-2014, we postulate a non-linear corporate leverage-investment relationship and derive …
Persistent link: https://www.econbiz.de/10011719911
suggest that investment of high-debt firms is significantly depressed for an extended period in the aftermath of economic … crises. In the four years after a negative economic shock, the cumulative loss of capital of high-debt firms is around 15 …% higher than that of firms with lower debt burdens. The negative impact of high debt on investment is most evident for firms …
Persistent link: https://www.econbiz.de/10013448723
The literature on market timing of long-term debt issuance yields mixed evidence that managers can successfully time … their debt-maturity issuance. The early results that are indicative of debt-maturity timing are not robust to accounting for … structural breaks or to other measures of debt maturity from firm-level data that account for call and put provisions in debt …
Persistent link: https://www.econbiz.de/10003933249