The Pepperdine Private Capital Markets Project survey for business owners, administered during the spring of 2010, reveals an increasingly important role of friends and family (Friends/Family) to provide capital for privately-held businesses. Examining business owners’ perceptions of their...

Historically a key advantage of being a public firm was broader access to capital, from a disperse group of shareholders. In recent years, such capital has increasingly become available to private firms as well. We document a dramatic increase over the past twenty years in the number of mutual...

We analyze the effect of public funding on private contributions to 67 non-governmental development organizations (NGDOs) in Spain from 2006 to 2011. Previous literature gives theoretical explanations for both the crowding-in and the crowding-out effects, while the empirical evidence presents...