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Venture Capital Beyond the Financial Crisis : How Corporate Venturing Boosts New Entrepreneurial Clusters (and Assists Governments in Their Innovation Efforts)
McCahery, Joseph A. - 2014
In his book, 'Boulevard of Broken Dreams: Why Public Efforts to Boost Entrepreneurship and Venture Capital Have Failed - and What to Do about It,' Harvard Business School Professor, Josh Lerner, explains that governments can only play a limited role in spurring innovation and entrepreneurship....
Persistent link: https://www.econbiz.de/10013069799
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What is the Effect of the Financial Crisis on Venture Capital Financing? Empirical Evidence from US Internet Start-Ups
Block, Jörn - 2014
Employing a large dataset of venture capital investments in US Internet firms, we analyze the effect of the current financial crisis on the venture capital market. Using regression analysis, we find that the financial crisis is associated with a 20% decrease in the average amount of funds raised...
Persistent link: https://www.econbiz.de/10012708367
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Equity Crowdfunding : Brave Market or Safe Haven for the Crowd During the COVID-19 Crisis?
Battaglia, Francesca - 2020
By analyzing a full dataset of 437 Italian equity crowdfunding campaigns over the period 2014-2020, and then by … explores the impact of the COVID-19 pandemic on the Italian equity crowdfunding sector. In detail, we investigate whether and … via equity crowdfunding in the aftermath of the crisis. We provide evidence that the strength of the effect of our key …
Persistent link: https://www.econbiz.de/10012826619
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Securitization and moral hazard : evidence from a lender cutoff rule
Bubb, Ryan; Kaufman, Alex - 2009
Credit score cutoff rules result in very similar potential borrowers being treated differently by mortgage lenders. Recent research has used variation induced by these rules to investigate the connection between securitization and lender moral hazard in the recent financial crisis. However, the...
Persistent link: https://www.econbiz.de/10003941871
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Securitization and moral hazard : evidence from credit score cutoff rules
Bubb, Ryan; Kaufman, Alex - 2011 - This version: August 30, 2011
Mortgage originators use credit score cutoff rules to determine how carefully to screen loan applicants. Recent research has hypothesized that these cutoff rules result from a securitization rule of thumb. Under this theory, an observed jump in defaults at the cutoff would imply that...
Persistent link: https://www.econbiz.de/10009298472
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Securitization and Moral Hazard : Evidence from Credit Score Cutoff Rules
Bubb, Ryan - 2013
A growing literature exploits credit score cutoff rules used by mortgage lenders as a natural experiment to estimate the moral hazard effect of securitization on underwriting. This research design is premised on the assumption that these cutoff rules are a response by lenders to securitization...
Persistent link: https://www.econbiz.de/10013095622
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Small Businesses and Small Business Finance During the Financial Crisis and the Great Recession : New Evidence from the Survey of Consumer Finances
Kennickell, Arthur B. - 2015
We use the Federal Reserve's 2007, 2009 re-interview of 2007 respondents, and 2010 Surveys of Consumer Finances (SCFs) to study how small businesses owned and actively managed by households fared during those turbulent years. Even though the surveys contain extensive data on a broad...
Persistent link: https://www.econbiz.de/10013011389
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The effect of personal financing disruptions on entrepreneurship
Hanspal, Tobin - 2016
I show that disruptions to personal sources of financing, aside from commercial lending supply shocks, impair the survival and growth of small businesses. Entrepreneurs holding deposit accounts at retail banking institutions that defaulted following the financial crisis reduce personal borrowing...
Persistent link: https://www.econbiz.de/10011574742
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Bank loan announcements and borrower stock returns before and during the recent financial crisis
Li, Chunshuo; Ongena, Steven - 2014 - This Draft: March, 2014
The impact of U.S. bank loan announcements on the stock prices of the corporate borrowers has been decreasing during the two last decades with estimated two-day cumulative abnormal returns slipping from almost 200 basis points in the beginning of the 1980s to close to zero by the turn of the...
Persistent link: https://www.econbiz.de/10010412303