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Credit Supply and (In)organic Growth
Berg, Tobias - 2020
We document a major mechanism – inorganic growth – which drives a wedge between micro-study effects of credit supply shocks and aggregate effects. Exploiting a quasi-exogenous positive shock to credit supply, we document that affected firms borrow larger amounts and exhibit stronger asset,...
Persistent link: https://www.econbiz.de/10012855861
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Venture capital backed growth
Keuschnigg, Christian - 2002
The paper proposes a simple equilibrium model of venture capital, entrepreneurship and innovation. Venture capitalists …
Persistent link: https://www.econbiz.de/10011409024
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Venture Capital Backed Growth
Keuschnigg, Christian - 2021
The paper proposes a simple equilibrium model of venture capital, entrepreneurship and innovation. Venture capitalists …
Persistent link: https://www.econbiz.de/10013320625
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Lobbying on entry
Perotti, Enrico C.; Volpin, Paolo - 2004
We develop a model of endogenous lobby formation in which wealth inequalityand political accountability undermine entry and financial development. In-cumbents seek a low level of effective investor protection to prevent potentialentrants from raising capital. They succeed because they can...
Persistent link: https://www.econbiz.de/10011338011
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The effects if alternative investment on entrepreneurship, innovation and growth
Klein, Peter G.; Siegel, Donald S.; Wilson, Nicholas; … - In: Managerial and decision economics : MDE ; the … 35 (2014) 2, pp. 67-72
Persistent link: https://www.econbiz.de/10010256862
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Economic growth and the optimal level of entrepreneurship
Prieger, James E.; Bampoky, Catherine; Blanco, Luisa; … - In: World development : the multi-disciplinary … 82 (2016), pp. 95-109
Persistent link: https://www.econbiz.de/10011603531
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Creditor Intervention, Investment and Growth Opportunities
Mariano, Beatriz - 2015
We show that creditors do not just ensure that inefficient investment is not undertaken, but also do not preclude … efficient investment. Examining what happens following a debt covenant violation, a situation through which creditors acquire … some control rights over the firm, we find that investment declines when the firm has few growth opportunities but it may …
Persistent link: https://www.econbiz.de/10013038551
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Inflation risk and the finance-growth nexus
Corhay, Alexandre; Tong, Jincheng - 2021
This paper shows that the effect of inflation on asset prices and real aggregates depends on the financial intermediation sector. When firms finance using nominal long-term debt issued by financial intermediaries, unexpected changes in inflation lead to a wealth transfer across sectors. Higher...
Persistent link: https://www.econbiz.de/10012595351
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Banking networks and economic growth: from idiosyncratic shocks to aggregate fluctuations
Kundu, Shohini; Vats, Nishant - 2021
This paper explores the transmission of non-capital shocks through banking networks. We develop a methodology to construct non-capital (idiosyncratic) shocks, using labor productivity shocks to large firms. We document a change in the relationship between foreign idiosyncratic shocks and...
Persistent link: https://www.econbiz.de/10012694566
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Private Equity Economics : Compensation and Growth Dynamics
Lim, Wayne - 2022
This paper investigates the compensation and growth dynamics of private equity firms. Using proprietary data, I estimate that about half of their revenue is performance-related and find that current fund performance also has indirect effects on firms’ future revenue. The dynamics of these...
Persistent link: https://www.econbiz.de/10013405195