We use data from a professionally-conducted survey of high-technology managers to examine international variation in private equity contracting and cost of capital. Employing new variables and analyzing hundreds of financing rounds in the U.S., Europe, and Israel, we find that the sophistication...

Why might management teams decide to be innovative as opposed to selling existing products and services? What factors motivate entrepreneurs to pursue high-tech (vs. low-tech) business opportunities? These questions motivate this paper, which includes a battery of empirical tests based on the...

The authors review a decade of research providing perspectives on how two “planning-adjacent” disciplines (history and economics) can improve historic preservation. These perspectives are used to justify historic preservation, inform the economic implications of de facto preservation...

We develop a theoretical model of the interaction between investors and entrepreneurs in a stylized private-equity market. Analysis of the entrepreneur's and the investor's optimization problems leads to the derivation of the equilibrium ownership share accruing to the investor;...