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Adapting Innovation When Facing Economic Uncertainty
Harris, Jeremiah; Liu, Dandan; Pu, Xiaoling - 2022
This study provides evidence that firms adapt to macroeconomic, real, or financial economic uncertainty by decreasing their innovation activities. The way firms adapt is related to both internal factors such as patent types (exploratory versus exploitative patents), asset redeployability, patent...
Persistent link: https://www.econbiz.de/10014083342
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The Performance of Venture Capital Investments : Failure risk, Valuation Uncertainty & Venture Characteristics
Pandher, Gurupdesh S. - 2022
equity stake or a fixed debt position at a future date. We study convertible venture investments exposed to failure risk and …, funding size, initial value and VC productivity but declines with failure risk, venture horizon and entrepreneur …
Persistent link: https://www.econbiz.de/10013491665
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Liquidity and Risk Management with Ambiguity
Niu, Yingjie - 2020
We formulate a robust theory of liquidity and risk management based on two fundamental frictions: 1) the entrepreneur … significant distortions for risk-sharing, corporate investment, and consumption. With regard to concern for ambiguity aversion …, the impacts of ambiguity on risk hedging is ambiguous due to the interactions between robustness and limited commitment …
Persistent link: https://www.econbiz.de/10012823614
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Ambiguity and the Corporation : Group Disagreement and Underinvestment
Garlappi, Lorenzo - 2017
inconsistency leads to inefficient underinvestment, and (iii) the ability to trade securities among insiders or with outsiders may …
Persistent link: https://www.econbiz.de/10012972637
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How knowledge and uncertainty affect strategic international business investment decisions : implications for cross-border mergers and acquisitions
Irwin, Kris; Gilstrap, Collin; McDowell, William C.; … - In: Journal of business research : JBR 139 (2022), pp. 831-842
Persistent link: https://www.econbiz.de/10013194289
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Managing uncertainty during a global pandemic : an international business perspective
Sharma, Piyush; Leung, Tak Yan; Kingshott, Russel P. J.; … - In: Journal of business research : JBR 116 (2020), pp. 188-192
Persistent link: https://www.econbiz.de/10012257561
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Speculative trade under unawareness : the infinite case
Meier, Martin; Schipper, Burkhard - 2014 - This draft: February 27, 2014, First draft: March 1, 2007
We generalize the ``No-speculative-trade" theorem for finite unawareness belief structures in Heifetz, Meier, and …
Persistent link: https://www.econbiz.de/10010250539
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Speculative trade under unawareness : the infinite case
Meier, Martin; Schipper, Burkhard - In: Economic theory bulletin 2 (2014) 2, pp. 147-160
Persistent link: https://www.econbiz.de/10010428182
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Speculative trade under unawareness : the infinite case
Meier, Martin; Schipper, Burkhard - 2010 - This draft: April 18, 2013, First draft: March 1, 2007
We prove a \no-speculative-trade" theorem under unawareness for the infinite case. This generalizes the result for the …
Persistent link: https://www.econbiz.de/10009782964