The conventional wisdom is that entrepreneurs seek financing for their high-growth, high-risk start-up companies in a …

professionals, e.g., venture capital (VC) investors. Entrepreneurs need to decide from who to raise capital and we develop a theory …

discouraging R&D. Estimating a dynamic model of investment and capital structure with the simulated method of moments, I quantify … benefits to innovating firms and a profound boost to technological innovation. Suggesting an essential connection between … finance, innovation, and the economy, my findings have timely implications for financial, economic, and accounting issues …

demonstrating successful and profitable venture capital investment. The latter is a key step in putting together the pre …

quality innovations at low costs, whereas investment outlays have to be financed by external capital. We show that the scope … for vertical product differentiation in a sector determines how credit tightening affects investment and price setting … types of innovation resulting in opposing effects on marginal production costs and prices. In general equilibrium, financial …

This essay surveys the body of research that asks how the efficiency of corporate investment is influenced by problems … that the marginal return to investment in firm i is the same as the marginal return to investment in firm j ? Second, do … capital budgeting process get within-firm allocations right, so that the marginal return to investment in firm i ’s division A …