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Crowdinvesting
Hainz, Christa; Hornuf, Lars - In: CESifo DICE Report 14 (2016) 1, pp. 67-69
Persistent link: https://www.econbiz.de/10011696957
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A Case of Regulatory Evolution – A Review of the UK Financial Conduct Authority’s Approach to Crowdfunding
Wardrop, Robert; Ziegler, Tania - In: CESifo DICE Report 14 (2016) 2, pp. 23-32
Persistent link: https://www.econbiz.de/10011696965
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Case study on crowdfunding
Robano, Virginia - 2018
The present report is a case study on crowdfunding as a finance instrument for SMEs and entrepreneurs. The report aims … improve or hamper SME access to crowdfunding opportunities; to illustrate policy experiences and programme outcomes; and to …
Persistent link: https://www.econbiz.de/10011876997
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An Introduction to Crowdfunding
Rocholl, Jörg - In: CESifo DICE Report 14 (2016) 2, pp. 3-5
Persistent link: https://www.econbiz.de/10011696961
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Real Effects of Lending-Based Crowdfunding Platforms on the SMEs
Havrylchyk, Olena; Mahdavi Ardekani, Aref - 2020
This paper explores the short-term impact of borrowing via lending-based crowdfunding on performance and health of … small and medium enterprises (SMEs) in France. We find that firms borrowing from lending-based crowdfunding platforms are … and then run difference-in- difference regressions. We find that borrowing via lending-based crowdfunding platforms …
Persistent link: https://www.econbiz.de/10014348590
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DCF
Kruschwitz, Lutz; Löffler, Andreas - 2002
Diese Diskussionsarbeit stellt einen wichtigen Baustein zu einer geplanten Monographie über die Theorie der DCF-Verfahren dar. Es gibt viele Veröffentlichungen zu diesem Thema, die nach Ansicht der Verfasser ein Problem aufweisen: sie fußen nicht auf einem stringenten Konzept des Begriffes...
Persistent link: https://www.econbiz.de/10005842088
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Dynamic Capital Structure under ManagerialEntrenchment:Evidence from a Structural Estimation
Morellec, Erwan; Nikolov, Boris; Schürhoff, Norman - National Centre of Competence in ResearchFinancial … - 2008
This paper examines the impact of agency conicts on corporate nancing decisions. Werst build a dynamic contingent claims model in which nancing policy results from a trade-obetween tax benets, contracting frictions, and agency conicts. In our setting, partially-entrenched managers set the rms'...
Persistent link: https://www.econbiz.de/10005868708
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Complex ownership and capital structure
Paligorova, Teodora; Xu, Zhaoxia - 2009
This paper investigates the impact of pyramid ownership structure and multiple controlling shareholders on firm leverage. Pyramids, having at least one controlling shareholder and a subsidiary, rely significantly more on debt financing than non-pyramid firms. Moreover, higher leverage is...
Persistent link: https://www.econbiz.de/10003823152
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Dynamic capital structure under managerial entrenchment : evidence from a structural estimation
Morellec, Erwan; Nikolov, Boris; Schürhoff, Norman - 2009
We develop a dynamic tradeoff model to examine the importance of manager-shareholder conflicts in capital structure choice. Using panel data on leverage choices and the model's predictions for different statistical moments of leverage, we show that while refinancing costs help explain the...
Persistent link: https://www.econbiz.de/10003970297
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Short-term borrowing for long-term projects : are family businesses more susceptible to “irrational” financing choices?
Peters, Bettina; Westerheide, Peter - 2011
There are noticeable differences between the roles that various forms of credit financing play in family businesses and in other businesses. Family businesses take out more often bank loans specifically to finance investments and innovations, and they particularly often resort to the short-term...
Persistent link: https://www.econbiz.de/10008901888