histories of each firm and study performance measures at the transaction and investment levels. Many investments result in total … differing returns even in the same investment. This arises not just because they invest on different terms, but because they … indicative of the market frictions associated with early-stage investment in innovation …

ownership on the CVC's investment turns negative. It suggests that institutional investors discourage risky CVC investments by …

investors and venture location in an equity crowdfunding context. By analyzing investment decisions, we show that geographic … distance is negatively correlated with investment probability for all investor types. Our comparison of home country and …

which attract a large amount of venture capital investment: Germany, Switzerland, Austria and Israel. The objective is to … investigate venture capitalists’ investment criteria for medical technology ventures in the start-up or expansion phase. Since … existing research evaluated venture capitalists’ general investment criteria, the aim of this study is to provide specific …

investment firm HQ and portfolio firm HQ, or a cross-region indicator variable when the portfolio firm HQ is out-of-state as … compared to VC investment firm HQ. The relation between investment proximity and returns continues to be robust even after … controlling for selection bias, and in a matched-sample analysis where we pair each proximate investment with a matched distant …

and hinder the development of impact investment. Experimental evidence shows that there is still space to improve impact …

Agency conflicts may induce managers to choose inefficiently risky investment projects that benefit stockholders at the … expense of debtholders. While private debt contracts often contain covenants restricting investment choices, public debt … bondholders. We show that, indeed, firms reduce (raise) their investment rates around negative (positive) rating events. This …

preferred stock issuance. How rating agencies assess risk thus has a significant causal impact on firms' financing, investment …

In our model multiple innovators compete against each other by submitting investment proposals to an investor. The … investor chooses the least expensive proposal and the timing of the investment. Innovators have to provide costly, but …, because the investor has less need to delay expensive investments. With endogenous number of innovators investment timing …