We examine the determinants of international commercial real estate investment using a unique set of panel data series for 47 countries worldwide, covering the period from 2000 to 2009. We explore how different socio-economic, demographic and institutional characteristics affect commercial real...

We overview the papers of this special issue of the Journal of Corporate Finance and explain how they fit within the different segments of the entrepreneurial finance literature, including equity crowdfunding, angel investors, debt, venture capital, and private equity. We point to the growing...

Venture capital, angel financing, and crowdfunding have evolved and matured in the entrepreneurial finance market. These market developments have also been accompanied by a growing body of research. In this paper, we provide an overview of a vast body of literature in the field of...

Growth expectations and institutional settings in Central Eastern Europe are assumed favorable for the establishment of vibrant Venture Capital and Private Equity markets. However, there is only a little risk capital market activity in the region. We examine the obstacles to institutional...

This article is prepared as a book chapter for a practitioner guide to alternative assets. I present a stylized model in order to mimic LBO transactions with investments in the public equity market. The method can be used to benchmark individual LBOs and private equity fund portfolios

This paper analyzes how the affiliation of a venture capital firm affects the deal terms for innovative entrepreneurial ventures. We develop a theory to explain the advantages of independent and bank-affiliated venture capital funds for entrepreneurs. In our model, an entrepreneur chooses...

We use a contingent claims analysis model to calculate the idiosyncratic risks in Leveraged Buyout transactions. A decisive feature of the model is the consideration of amortization. From the model, asset value volatility and equity value volatility can be derived via a numerical procedure. For...

This paper reviews 133 of Mike Wright’s contributions to the management buy-out and entrepreneurial finance literature. The outline is chronological and subject-related, revealing the development of Professor Wright’s scholarly work over time and its variety. We begin with the emergence of...