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reciprocal network of ICO members and analysts. Ratings predict ICO success, but highly imperfectly so. Favorably rated ICOs tend … to fail when more ratings reciprocate prior ratings. Failure despite strong ratings is also frequent when analysts have a … literature on equity analysts and rating agencies. …
Persistent link: https://www.econbiz.de/10013336270
The internet giants - Facebook, Amazon, Netflix and Google, among others - have transformed society with both positive and negative effects. The negative effects have been stark. There have been huge disruptions caused by e-commerce. More recently, subtler, but even more serious negative effects...
Persistent link: https://www.econbiz.de/10012151937
Robert Bork's Antitrust Paradox (1978) has been justification for lack of antitrust behavior for over four decades. His test essentially asks if consumers are harmed by the pricing practices of the firm in the market in which they purchase the good or service. Even if these firms are monopoly or...
Persistent link: https://www.econbiz.de/10012804859
The existing literature on cluster embeddedness largely neglects the impact of finance on the development of firms' network linkages. This is striking in so far that particularly venture capital is often referred to as "smart money" providing firms not only with funds but also with network...
Persistent link: https://www.econbiz.de/10011575774
(IPOs) and other mergers and acquisitions (M&As), we found an average increase of 30.7% in the total amount of VC funding …
Persistent link: https://www.econbiz.de/10012805979
behavior, at least one of these actors is always missing. By contrast, the present paper's oligopoly model includes all three …
Persistent link: https://www.econbiz.de/10012425162
Using fund-, firm- and bank-level data we investigate the investments of private equity (PE) funds in the north-western regions of Italy. Both the private equity fund managers and the PE investments are heavily concentrated in this most developed area of the country. The average size of the...
Persistent link: https://www.econbiz.de/10011504387
Industry 4.0 revolution find a real interest of entrepreneurs but in the case of frontier and emerging markets it is difficult to find a reliable source of long-term financing. The decoupling of the technological evolution from the evolution of the access to financing capacities must be analysed...
Persistent link: https://www.econbiz.de/10012227982
Research suggests that public subsidies for newly founded firms have a positive effect on follow-on financing, in particular on Venture Capital (VC), through providing certification and early-stage liquidity. Building on the attention-based view, we argue that the various sources of VC value...
Persistent link: https://www.econbiz.de/10013338040
We study road supply by competing firms between a single origin and destination. In previous studies, firms simultaneously set their tolls and capacities while taking the actions of the others as given in a Nash fashion. Then, under some widely used technical assumptions, firms set the same...
Persistent link: https://www.econbiz.de/10011536414