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I study how mutual funds invest in public U.S. firms where founding family members retain a significant portion of … shares. I posit that informed funds exploit the opaque nature of family firms by holding large positions when they have good … funds offering an institutional class) invest less in family firms than conventional funds. Consistent with the informed …
Persistent link: https://www.econbiz.de/10013049014
A double nature characterizes the behavior of the government in the venture capital market: a fear of systemic risk and the desire to stimulate companies with growth potential. It seems that the fear might be a bit excessive, disproportionately restricting the effects of venture capital in the...
Persistent link: https://www.econbiz.de/10009719157
Venture Capital (VC) as an industry exists for more than 50 years. VC has flourished in the US, yet it has only moderately developed other geographical areas despite numerous trials of governments to foster it. Vast research endeavours have been carried out to understand the antecedents,...
Persistent link: https://www.econbiz.de/10012929753
We examine the role of institutional investors in initial coin offerings (ICOs). Taking a financial investor's perspective, we assess the determinants of post-ICO performance via buy-and-hold abnormal returns in a sample of 565 ICO ventures. Conceptually, we argue that institutional investors'...
Persistent link: https://www.econbiz.de/10012848457
This paper investigates whether mutual fund families acting as service providers in 401(k) plans display favoritism toward their own affiliated funds. Using a hand-collected dataset on the menu of investment options offered to plan participants, we show that fund deletions and additions are less...
Persistent link: https://www.econbiz.de/10013036032
This paper investigates whether mutual fund families acting as service providers in 401(k) plans display favoritism toward their own affiliated funds. Using a hand-collected dataset on the menu of investment options offered to plan participants, we show that fund deletions and additions are less...
Persistent link: https://www.econbiz.de/10013036723
Persistent link: https://www.econbiz.de/10010519332
Persistent link: https://www.econbiz.de/10011287591
The enduring legacy of a legendary investorCalled the "greatest stock picker of the century" by Money magazine, legendary fund manager Sir John Templeton is remembered as one of the world's foremost investors, known for his pioneering insights and phenomenal investment performance over a...
Persistent link: https://www.econbiz.de/10009521153
Persistent link: https://www.econbiz.de/10012499601