entrepreneurs, and the uninformed bank needs an additional screening device. VC fulfils that role. …

the rest must resort to standard bank finance. We consider a number of policies to promote entrepreneurship and venture …

improving the business environment, including access to non-bank finance, streamlining the insolvency regime and transfer of …

it differs from the effect of two other important types of financial investors: banks and non-bank financial firms. We … conclusions. The shareholding by PE and bank has influence on out-performance but only if either the PE investor or the bank hold … between 75 to 100 percent of firm's shares. The direction of the effect is opposite. PE has a positive, while bank has a …

The paper investigates the link between bank concentration and a country's buyout market. We perform a macro level … for the size of the buyout market. The elasticity ranges from 1 up to 3 percent depending on which bank concentration … measure is employed and what segment of buyout market we look at. We also find that bank concentration is irrelevant for the …

markets with bank-based financial markets as in Germany and Japan being possibly inferior to stockmarket based financial …