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Financial signalling by innovative nascent entrepreneurs

Audretsch, David B.; Bönte, Werner; Mahagaonkar, Prashanth - 2009

External finance is central for nascent entrepreneurs, people in the process of starting new ventures. We argue that nascent entrepreneurs use patents and prototypes in order to signal their ability to appropriate the returns from their innovation as well as the projectś feasibility. Our...

Persistent link: https://www.econbiz.de/10003809914

Governance und Vertragsstrukturen in der deutschen VC Industrie : eine empirische Einschätzung

Bienz, Carsten; Hirsch, Julia; Walz, Uwe - 2008

Diese Arbeit analysiert die wesentlichen Elemente der Vertragsstrukturen in der Venture Capital-Industrie. Aufbauend auf einem sehr umfangreichen und detaillierten Datensatz, der die Verträge zwischen Venture Capital-Investoren und deren Portfoliounternehmen abbildet, werden die Kontroll-,...

Persistent link: https://www.econbiz.de/10003864100

Private matters

Helwege, Jean; Packer, Frank - In: Journal of financial intermediation 18 (2009) 3, pp. 362-383

Persistent link: https://www.econbiz.de/10003878942

Financing technology-based small firms in Europe : a review of the empirical evidence

Revest, Valérie; Sapio, Sandro - 2009

This paper reviews the evidence on financing technology-based small firms (TBSFs) in Europe. The main findings in the literature are the 1) European TBSF's finance new investments by relying primarily on internal funds, due to capital market failures induced by asymmetric information; 2)...

Persistent link: https://www.econbiz.de/10008729547

Private equity and employees

Olsson, Martin; Tåg, Joacim - 2012

Using linked employer-employee data from Sweden, a difference-in-difference approach, and 201 private equity buyouts undertaken between 1998 and 2004, we show that unemployment risk declines and labor income increases for employees in the wake of a private equity buyout. Unemployment risk...

Persistent link: https://www.econbiz.de/10009530911

Owner-manager replacement : a venture capitalist decision model

Cressy, Robert C. - In: Journal of Global Entrepreneurship Research : JGER 2 (2014), pp. 1-10

return to professional replacement, the cost of investment and the costs of monitoring manager performance. Replacement is …

Persistent link: https://www.econbiz.de/10011317360

SPACs in shipping

Shachmurove, Yochanan; Vulanovic, Milos - 2013

In this study we examine how Specified Purpose Acquisition Companies (SPACs) were used as a financing tool for companies in the shipping industry in period 2004-2011. We confirm that SPACs focused on acquisitions in the shipping industry have similar characteristics as the population of SPACs...

Persistent link: https://www.econbiz.de/10010225447

Non-bank finance for firms : the role of private equity funds in north-western Italy

Coin, Daniele; Vacca, Valerio - 2014 - Draft

Using fund-, firm- and bank-level data we investigate the investments of private equity (PE) funds in the north-western regions of Italy. Both the private equity fund managers and the PE investments are heavily concentrated in this most developed area of the country. The average size of the...

Persistent link: https://www.econbiz.de/10011504387

Importance of the non-financial value added of government and independent venture capitalists

Luukkonen, Terttu; Deschryvere, Matthias; Bertoni, Fabio; … - 2011

This paper compares the post-investment value-added activities performed by governmental venture capital (GVC) and … investment profiles of these investors might have on the forms of value added. The study uses a unique data set based on a survey … attention to potential adverse effects of the post-investment engagement of the investors on the firm. Using a composite …

Persistent link: https://www.econbiz.de/10009296648

Sources of Funds and Specialization Patterns of European Venture Capital Investments

Schertler, Andrea - 2004

investment specialization patterns are linked. For example, the specialization in the early stage of enterprises' development … results reject models that assume independence of sources of funds and investment patterns. …

Persistent link: https://www.econbiz.de/10010260480