financial losses. We present a new theory and empirical evidence about the existence and shape of so-called J-curves. The theory … startups backed by US venture capitalists experience deeper J-curves than those backed by non-US venture capitalists. They have …

Purpose - In this paper we examine the validity of the J-curve hypothesis in four Southeast Asian economies (Indonesia … short- and long-run relationships did not attest to the presence of the J-curve effect. The trade flows were affected … and specifically the J-curve effect (deterioration of the trade balance followed by its improvement) in the developed …