Narrow search
Showing 1 - 10 of 15,163
Cover Image
The start-up decision under default risk
Comincioli, Nicola; Panteghini, Paolo; Vergalli, Sergio - 2021
This study introduces a real option model to investigate how fiscal policy affects a representative firm's investment decision and to measure its welfare effects. On the one hand, the effects of financial instability on the optimal investment timing and on the probability of default are studied....
Persistent link: https://www.econbiz.de/10012654165
Cover Image
A welfare analysis on start-up decisions under default risk
Comincioli, Nicola; Panteghini, Paolo; Vergalli, Sergio - 2021
This short article studies the tax effects on a start-up investment decision under uncertainty. Since the representative firm can decide both when to invest and how much to borrow, the distortive effects are twofold. We thus show that the deadweight loss (namely, the ratio between the welfare...
Persistent link: https://www.econbiz.de/10012698792
Cover Image
Badge of honor or scarlet letter? : unpacking investors' judgment of entrepreneurs' past failure
Zunino, Diego; Praag, Mirjam van; Dushnitsky, Gary - 2017
Research shows that most ventures fail, yet it has devoted limited attention to the consequences of entrepreneurs’ past failure for investors' decisions. Our motivating insight is that failure can be due to bad luck, lack of skill or both. Therefore, failure conveys ambiguous information...
Persistent link: https://www.econbiz.de/10011720322
Cover Image
Badge of honor or scarlet letter? : unpacking investors' judgment of entrepreneurs' past failure
Zunino, Diego; Praag, Mirjam van; Dushnitsky, Gary - 2017
Research shows that most ventures fail, yet it has devoted limited attention to the consequences of entrepreneurs' past failure for investors' decisions. Our motivating insight is that failure can be due to bad luck, lack of skill or both. Therefore, failure conveys ambiguous information about...
Persistent link: https://www.econbiz.de/10011732046
Cover Image
Badge of Honor or Scarlet Letter? Unpacking Investors' Judgment of Entrepreneurs' Past Failure
Zunino, Diego - 2017
Research shows that most ventures fail, yet it has devoted limited attention to the consequences of entrepreneurs' past failure for investors' decisions. Our motivating insight is that failure can be due to bad luck, lack of skill or both. Therefore, failure conveys ambiguous information about...
Persistent link: https://www.econbiz.de/10012947124
Cover Image
Badge of Honor or Scarlet Letter? Unpacking Investors’ Judgment of Entrepreneurs’ Past Failure
Zunino, Diego - 2017
Research shows that most ventures fail, yet it has devoted limited attention to the consequences of entrepreneurs' past failure for investors' decisions. Our motivating insight is that failure can be due to bad luck, lack of skill or both. Therefore, failure conveys ambiguous information about...
Persistent link: https://www.econbiz.de/10012947217
Cover Image
Institutions and entrepreneurship quality
Chowdhury, Farzana; Audretsch, David B.; Belitski, Maksim - In: Entrepreneurship theory and practice : ET&P 43 (2019) 1, pp. 51-81
Persistent link: https://www.econbiz.de/10012022709
Cover Image
Changes in and Insights on Potential Industry and Enterprise Insolvency in the Manufacturing Sector
Oh, Young-Seok; Park, Sung Keun - 2023
This paper takes the spectrum approach to identify possible industrial and enterprise insolvency and goes on to conduct … a composite analysis of both the potential industry insolvency spectrum and enterprise insolvency spectrum. Recently …, the proportion of industries and enterprises showing signs of insolvency in Korea’s manufacturing sector has been on the …
Persistent link: https://www.econbiz.de/10014263110
Cover Image
Firm Mortality and Natal Financial Care
Bhattacharya, Utpal - 2014
We construct a mortality table for U.S. public companies during 1985-2006. We find that firms' age-specific mortality rates initially increase, peaking at age three, and then decrease with age, implying that the first three years of public life are critical. Financial intermediaries involved...
Persistent link: https://www.econbiz.de/10013064338
Cover Image
Firm Mortality and Natal Financial Care
Bhattacharya, Utpal - 2014
We construct a mortality table for U.S. public companies during 1985–2006. We find that firms' age-specific mortality rates initially increase, peaking at age three, and then decrease with age, implying that the first three years of public life are critical. Financial intermediaries involved...
Persistent link: https://www.econbiz.de/10013069500