Search Results - subject:"Venture capital"

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Corporate venture capital and the nature of innovation

Maxiny, Hannes - 2017

This paper investigates a model where two corporate venture capital firms (CVCs) decide whether to finance a new …

Determinants of venture capital supply in Sub-Saharan Africa

Oni, Olabanji - In: Journal of economics and behavioral studies : JEBS 9 (2017) 4, pp. 87-97

Venture capital optimal investment portfolio strategies selection in diffusion - type financial systems in global capital markets with nonlinearities

Ledenyov, Dimitri O.; Ledenyov, Viktor O. - Volkswirtschaftliche Fakultät, … - 2013

The condensed research article presents some innovative research results on the venture capital optimal investment … types of the nonlinearities. We discuss the venture capital firms with the different organizational structures: the … corporation funded venture capital firm, investment bank funded venture capital firm, private equity funded venture capital firm …

Corporate venture capital and the nature of innovation

Maxin, Hannes - 2017

This paper investigates a model where two corporate venture capital firms (CVCs) decide whether to finance a new …

Moral hazard in VC finance : more expensive than you thought

Tennert, Julius; Lambert, Marie; Burghof, Hans-Peter - 2017

Venture projects are fraught with exogenous market risk and endogenous agency risk. We apply a real options perspective to analyze the investment decision of the venture capitalist (VC) in this set-up. The solutions presented are conflictive: the VC reduces his exposure to exogenous risk by...

Technological change, inequality and the collapse of the liberal order

Lastra-Anadón, Carlos; Muñiz, Manuel Antonio - 2017

We are witnessing the start of a deep and prolonged political convulsion. This convulsion is caused by the impact of technological change on how wealth is generated and distributed in our societies. Since the 1970s advanced economies have seen a strong productivity increase and stagnant labor...

Firms' innovation strategy under the shadow of analyst coverage

Guo, Bing; Pérez-Castrillo, J. David; Toldra, Anna - 2017

venture capital (CVC), we are able to distinguish between the pressure and information effect of analysts. Using the data of …

The capital gains tax : a curse but also a blessing for venture capital investment

Bock, Carolin; Watzinger, Martin - 2017

Our study analyzes the effect of the capital gains tax on the individual investment decisions of venture capitalists. By doing so, we are able to study the decisions for a sample of 76,852 funding rounds in 32 countries from 2000 to 2012. Our results support the predictions of the theoretical...

Measuring the spillovers of venture capital

Schnitzer, Monika; Watzinger, Martin - 2017

We provide the first measurement of knowledge spillovers from venture capital-financed companies onto the patenting … spillovers, indicating that venture capital fosters the commercialization of technologies. Methodologically, we contribute by …

Public equity markets and innovation

Bernstein, Shai - 2017

firms. It also illustrates the dependence of venture capital firms, which provide an important source of capital to early …