This article is an initial exploration of the determinants of open source license choice. It first highlights how the decision is shaped not just by the preferences of the licensor itself, but also by that of the community of developers. The article then presents an empirical analysis of the...

Recently public efforts to finance small high-technology firms have proliferated. We review the motivations for these efforts and make some preliminary observations about their design. We explore the underlying challenges that the financing of young growth firms poses, the ways that specialised...

Bank-affiliated private equity groups account for 30% of all private equity investments. Their market share is highest during peaks of the private equity market, when the parent banks arrange more debt financing for in-house transactions yet have the lowest exposure to debt. Using financing...

Venture capital investment has been found to be remarkably effective at stimulating innovation and job growth. Government policy plays an important part in creating an ecosystem in which venture capital and innovation can thrive. Yet government programs have also sunk billions of dollars into...

Relationships between limited partners and general partners in the private equity industry have changed more over the past five years than over the prior 50, which is roughly the age of the industry. This paper draws from interviews with more than 50 participants in the private equity world in...