Investors need performance measures particularly as a means for funds selection inthe process of ex-ante portfolio optimization. Unfortunately, there are various performancemeasures recommended for different decision situations. Since an investor may be uncertainwhich kind of decision problem is...

The aim of this essay is to give an overview about recent developments of the government innovation funds of Sweden and Finland. In order to discover recent developments basic knowledge regarding innovation funds, funding structures and information about the two big funding agencies Vinnova...

Financial constraints have been found to play an important role on various aspects of firmbehavior. Yet, their effects on firm survival have been largely neglected. We use a panel of9420 newly established UK firms over the period 1997-2002 to study the effects offinancial variables on firms´...