Narrow search
Showing 1 - 10 of 122
Cover Image
Do tax loss restrictions distort venture capital funding of start-ups?
Bührle, Anna Theresa - 2021
Anti-tax loss trafficking rules disallow the use of loss carryforwards after a change in ownership or activity (such as significant changes in turnover, employment, or the product portfolio). This restriction could threaten accumulated loss carryforwards of start-ups. Accounting for the...
Persistent link: https://www.econbiz.de/10012425534
Cover Image
Financing and advising early stage startups: The effect of angel investor subsidies
Berger, Marius; Gottschalk, Sandra - 2021
In recent years governments around the world have introduced policies to stimulate investments in early stage entrepreneurial companies, in particular investments by Angel investors. In this paper we study whether introducing subsidies to Angel investors has effects on startups' access to...
Persistent link: https://www.econbiz.de/10012625066
Cover Image
Capital gains taxation and funding for start-ups
Edwards, Alexander; Todtenhaupt, Maximilian - 2018
We examine how capital gains taxes affect investment in start-up (i.e., pre-IPO) firms. Using data on capital raised by start-up firms in individual funding rounds, we estimate the effect of the SBJA of 2010, which implemented a full exemption from federal capital gains tax on the sale of...
Persistent link: https://www.econbiz.de/10011933945
Cover Image
What lures cross-border venture capital inflows?
Schertler, Andrea; Tykvová, Tereza - 2010
The change in the business model of venture capitalists from investing locally towards investing across borders started to intensify in the late 1990s. According to a dataset of European and North-American countries, we find that countries with higher expected growth and higher lagged stock...
Persistent link: https://www.econbiz.de/10010299936
Cover Image
Do private equity owners increase risk of financial distress and bankruptcy?
Tykvová, Tereza; Borell, Mariela - 2011
There is some controversy on the key sources of success in the private equity model and on how this business model affects the portfolio companies. We investigate financial distress risks of European companies around the buyout event in the period between 2000 and 2008. In addition, we analyze...
Persistent link: https://www.econbiz.de/10010307834
Cover Image
Intraday price formation and volatility in the European Union emissions trading scheme: an introductory analysis
Rotfuß, Waldemar - 2009
Scheme using highfrequency data. The results show that there are several anomalies both in the EUA spot and EUA futures …, price formation in the EUA spot market (BlueNext) may be strongly affected by the price formation in the EUA futures market …, is partly present in the EUA futures market. Similar to other classical financial markets, realized volatility estimates …
Persistent link: https://www.econbiz.de/10010298790
Cover Image
Modeling and explaining the dynamics of European Union allowance prices at high-frequency
Conrad, Christian; Rittler, Daniel; Rotfuß, Waldemar - 2010
In this paper we model the adjustment process of European Union Allowance (EUA) prices to the releases of announcements … the high-frequency EUA price dynamics are very well captured by a fractionally integrated asymmetric power GARCH process …. The decisions of the European Commission on second National Allocation Plans have a strong and immediate impact on EUA …
Persistent link: https://www.econbiz.de/10010300507
Cover Image
Intraday price formation and volatility in the European Union emissions trading scheme: an introductory analysis
Rotfuß, Waldemar - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2009
Scheme using highfrequency data. The results show that there are several anomalies both in the EUA spot and EUA futures …, price formation in the EUA spot market (BlueNext) may be strongly affected by the price formation in the EUA futures market …, is partly present in the EUA futures market. Similar to other classical financial markets, realized volatility estimates …
Persistent link: https://www.econbiz.de/10005098352
Cover Image
Modeling and explaining the dynamics of European Union allowance prices at high-frequency
Conrad, Christian; Rittler, Daniel; Rotfuß, Waldemar - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2010
In this paper we model the adjustment process of European Union Allowance (EUA) prices to the releases of announcements … the high-frequency EUA price dynamics are very well captured by a fractionally integrated asymmetric power GARCH process …. The decisions of the European Commission on second National Allocation Plans have a strong and immediate impact on EUA …
Persistent link: https://www.econbiz.de/10008568591
Cover Image
Local networks and new business formation
Füner, Lena; Berger, Marius; Bersch, Johannes; … - 2023
New business formation is a key driver of regional transformation and development. While we know that a region's attractiveness for new businesses depends on its resources, infrastructure, and human capital, we know little about the role of local business networks in promoting or impeding the...
Persistent link: https://www.econbiz.de/10014476147