This paper provides a theory of venture capital financing based on the complementarity between the financing and … employed in venture capital financing. In particular, we identify an incentive-related insurance motive for making the initial …

d'interet, qui fait en particulier intervenir l'accumulation de capital. …

'une contrainte de rentabilite exigee du capital. Nous introduisons les possibilites de rigidite du salaire ou du stock de capital. …

du capital en place en ouvrant brutalement le pays a la concurrence etrangere. L'entree tardive permet de realiser … progressivement les reformes, evite la destruction du capital, mais reduit l'aide de l'Union et les inciatations a mettre en place les …

The new Basel II Capital Accord has been one of the financial sector’s most fiercely discussed topics in the recent … the area of credit risk. The calculation of risk-weighted assets, and thus of regulatory capital, will henceforth be based … capital (i.e. the definition of own funds) itself will remain largely unchanged, although it was subject to repeated changes …

We study the problem of minimal initial capital needed in order to hedge a European contengent claim without risk. The …

income and taxes on capital. It is shown that if there is a positive tax on capital, conventional measures of the marginal …