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Non-compete covenants : incentives to innovate or impediments to growth

Samila, Sampsa; Sorensen, Olav - 2010

Persistent link: https://www.econbiz.de/10003947966

Insider financing and venture capital returns

Ewens, Michael; Rhodes-Kropf, Matthew; Strebulaev, Ilya A. - 2016

Staged financing of venture capital-backed firms is valuable to both investors and entrepreneurs, but comes with a potential cost: hold-up. With asymmetric information and strong control rights, financial intermediaries may earn rents on their inside knowledge. We find that environments where...

Persistent link: https://www.econbiz.de/10011864967

Financing innovation

Kerr, William R.; Nanda, Ramana - 2014

We review the recent literature on the financing of innovation, inclusive of large companies and new startups. This research strand has been very active over the past five years, generating important new findings, questioning some long-held beliefs, and creating its own puzzles. Our review...

Persistent link: https://www.econbiz.de/10010485136

The Impact of Venture Capital Monitoring in Europe

Colombo, Massimo G. - 2017

In this paper we aim to empirically test the monitoring effect of Venture Capital financing on portfolio companies. Following Bernstein et al. (2015), we exploit the introduction of a new airline route between investor and investee locations as an exogenous shock lowering the cost of monitoring...

Persistent link: https://www.econbiz.de/10012964608

Do Networks of Financial Intermediaries Help Reduce Local Bias? Evidence from Cross-Border Venture Capital Exits

Jääskeläinen, Mikko - 2013

Contributing to the literature on local bias and financial networks, we examine how direct and indirect network ties of financial intermediaries mitigate the effects of distance and preference for local investments. In our analysis of cross-border venture capital exits, we find that proximity...

Persistent link: https://www.econbiz.de/10013075677

Noncompete covenants : incentives to innovate or impediments to growth

Samila, Sampsa; Sorenson, Olav - In: Management science : journal of the Institute for … 57 (2011) 3, pp. 425-438

Persistent link: https://www.econbiz.de/10008988423

Managing performance signals through delay : evidence from venture capital

Chakraborty, Indraneel; Ewens, Michael - In: Management science : journal of the Institute for … 64 (2018) 6, pp. 2875-2900

Persistent link: https://www.econbiz.de/10011879033

Why Doesn't Technology Flow from Rich to Poor Countries?

Cole, Harold L.; Greenwood, Jeremy; Sánchez, Juan M. - 2016

What is the role of a country's financial system in determining technology adoption? To examine this, a dynamic contract model is embedded into a general equilibrium setting with competitive intermediation. The terms of finance are dictated by an intermediary's ability to monitor and control a...

Persistent link: https://www.econbiz.de/10014176468

Reputation in Financial Intermediation : Evidence from Venture Capital

Nahata, Rajarishi - 2012

Venture capital (VC) has emerged as one of the dominant forms of financing for technology intensive industries. Many start-ups have flourished tremendously after receiving VC funding and have gone on to become industry leaders. Prominent examples include Apple, Cisco, Intel, Genentech, and most...

Persistent link: https://www.econbiz.de/10014046395

Evolution of Inequality In the U.S : Entrepreneurial Activity and Financial Intermediation

Mohaghegh, Mohsen - 2020

There are two major trends in US entrepreneurship since 1975: (1) entrepreneurs' leverage has risen; and (2) their … examine which channels can reproduce trends in entrepreneurship seen in the data. The first two channels prove to be important … the rate of entrepreneurship and a rise in their average leverage as observed in the data. When these trends are accounted …

Persistent link: https://www.econbiz.de/10012822985

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