Narrow search
Showing 1 - 10 of 220
Cover Image
Financial signalling by innovative nascent entrepreneurs
Audretsch, David B.; Bönte, Werner; Mahagaonkar, Prashanth - 2009
External finance is central for nascent entrepreneurs, people in the process of starting new ventures. We argue that nascent entrepreneurs use patents and prototypes in order to signal their ability to appropriate the returns from their innovation as well as the project´s feasibility. Our...
Persistent link: https://www.econbiz.de/10010266651
Cover Image
Foundations of high impact entrepreneurship
Ács, Zoltán J. - 2008
This survey reviews the theoretical literature on high impact entrepreneurship. The survey is guided in part by the recent classification changes at the Journal of Economic Literature (JEL) regarding entrepreneurship. The board voted to create a new classification code, L26, for...
Persistent link: https://www.econbiz.de/10010271790
Cover Image
Financial signaling by innovative nascent entrepreneurs
Audretsch, David B.; Bönte, Werner; Mahagaonkar, Prashanth - 2009
External finance is central for nascent entrepreneurs, people in the process of starting new ventures. We argue that nascent entrepreneurs use patents and prototypes in order to signal their ability to appropriate the returns from their innovation as well as the project's feasibility. Our...
Persistent link: https://www.econbiz.de/10010291111
Cover Image
Structure and determinants of financial covenants in leveraged buyouts - evidence from an economy with strong creditor rights
Achleitner, Ann-Kristin; Braun, Reiner; Tappeiner, Florian - 2009
We apply control rights theory to explain the structure and determinants of financial covenants in private equity backed leveraged buyouts. We analyze 130 German transactions from 2000 to 2008, covering about 40 percent of the LBO market during this period. We consider Germany to be a superior...
Persistent link: https://www.econbiz.de/10010305733
Cover Image
Financing of technology-intensive small businesses: Some evidence on the uniqueness of the ICT industry
Hyytinen, Ari; Pajarinen, Mika - 2002
Using recently collected data on Finnish small businesses, we provide evidence that the debt capacity of growth options, defined as the amount of debt that firms optimally raise for an incremental project, is negative, especially in the information and communications technology (ICT) sector. We...
Persistent link: https://www.econbiz.de/10010284897
Cover Image
Determinants of structured finance issuance: A cross-country comparison
Schuetz, Sebastian A. - 2011
banks in each Europe, Germany and USA between 1994-2009. We identified different main reasons for the banks in each region … to securitize that are in line with observable behavior of market participants. US banks use securitization mainly as … and performance improvement. For German banks securitization seems to be an appropriate funding tool. The proposed …
Persistent link: https://www.econbiz.de/10010286571
Cover Image
Securitization and moral hazard: Evidence from a lender cutoff rule
Bubb, Ryan; Kaufman, Alex - 2009
Credit score cutoff rules result in very similar potential borrowers being treated differently by mortgage lenders. Recent research has used variation induced by these rules to investigate the connection between securitization and lender moral hazard in the recent financial crisis. However, the...
Persistent link: https://www.econbiz.de/10010286943
Cover Image
Securitization and moral hazard: Evidence from credit score cutoff rules
Bubb, Ryan; Kaufman, Alex - 2011
Mortgage originators use credit score cutoff rules to determine how carefully to screen loan applicants. Recent research has hypothesized that these cutoff rules result from a securitization rule of thumb. Under this theory, an observed jump in defaults at the cutoff would imply that...
Persistent link: https://www.econbiz.de/10010286944
Cover Image
Bank capital and value in the cross section
Mehran, Hamid; Thakor, Anjan - 2009
of capital-starved acquirers to buy capital-rich targets, market timing, pecking order, the effect of banks with binding …
Persistent link: https://www.econbiz.de/10010287142
Cover Image
Das Sub-Prime-Virus: Ursachen und Folgen der Finanzkrise
Pfingsten, Andreas - In: Vierteljahrshefte zur Wirtschaftsforschung 78 (2009) 1, pp. 14-24
Ausgehend von problematischen Immobilien-Finanzierungen in den USA hat sich vor allem mittels Verbriefungsstrukturen eine Finanzkrise entwickelt und ausgebreitet. Im vorliegenden Beitrag werden einige begünstigende Faktoren und Produkte vorgestellt sowie Folgen für die Wirtschaft...
Persistent link: https://www.econbiz.de/10010377864