structural equation model. We showed that the experience and the skills of the corresponding investment manager have a … significant negative impact on the failure risk of a venture. Investment manager´s experience and skills were measured by the … the selection of the investment manager for risk management in venture capital investments. …

optimal leverage and investment dynamics. Financial innovation amplifies the effects of uncertainty shocks …This paper studies the effects of changes in uncertainty on optimal leverage and investment in a dynamic firm … the larger shocks. Initially deleveraging leads to a drop in investment. Investment recovers as entrepreneurs build up net …

This paper examines the role of uncertainty and capital market imperfection in influencing firm investment …. Introduction of uncertainty in the investment model allows for limited expandability and limited reversibility of capital over time … group. We identify financially constrained firms in various years by relying on investment-asset sale sensitivity. Using an …

if expected gross returns exceed twice expected investment costs. Constrained efficient mechanisms exhibit …

This study examines the asymmetry between capital flows and economic growth in 42 countries for the period 1990 … compared to economic growth. Furthermore, the channels through which asymmetry operate are heterogeneous to measures of capital …