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Retail investors pay over twice as much attention to local companies than non-local ones, based on Google searches. News volume and volatility amplify this attention gap. Attention appears causally related to perceived proximity: first, acquisition by a nonlocal company is associated with less...
Persistent link: https://www.econbiz.de/10012705617
-fund cash flows (CFCFs), a liquidity support mechanism provided by matching distributions and capital calls within a VC fund … family. The dynamics of this mechanism coincide with the sensitivity of different stage projects owing to market liquidity … conditions. We find that the early-stage funds demand relatively more intra-family CFCFs than later-stage funds during liquidity …
Persistent link: https://www.econbiz.de/10013557355