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What is the Role of Legal Systems in Financial Intermediation? Theory and Evidence

Da Rin, Marco; Bottazzi, L.; Hellmann, T. - Tilburg University, Center for Economic Research - 2008

We develop a theory and empirical test of how the legal system affects the relationship between venture capitalists and entrepreneurs. The theory uses a double moral hazard framework to show how optimal contracts and investor actions depend on the quality of the legal system. The empirical...

Persistent link: https://www.econbiz.de/10011090634

The Importance of Trust for Investment : Evidence From Venture Capital (Revision of DP 2009-43)

Da Rin, Marco; Bottazzi, L.; Hellmann, T. - Tilburg University, Center for Economic Research - 2010

We examine the effect of trust on financial investment and contracting decisions in a micro-economic environment where trust is exogenous. Using hand-collected data on European venture capital, we show that the Eurobarometer measure of trust among nations significantly affects investment...

Persistent link: https://www.econbiz.de/10011090711

Management : inventing and delivering its future

Kochan, Thomas A. (ed.); Schmalensee, Richard (ed.) - 2003

The MIT Sloan School of Management perspective on future management challenges.The MIT Sloan School of Management, as … resources of MIT and approach the problems of management with the rigorous research practices for which MIT was famous. Fifty … years later, the Sloan School gathered international leaders in business and management, MIT faculty, students, and alumni …

Persistent link: https://www.econbiz.de/10011479604

Management : inventing and delivering its future

Kochan, Thomas A. (ed.) - 2003

Persistent link: https://www.econbiz.de/10013481934