Similar Search Results

Risk and Return of Merger Arbitrage in the UK : 2001 to 2004

Kearney, Patrick - 2013

This paper replicates the core underlying merger arbitrage strategy using daily data from the United Kingdom to … generate three simulated merger arbitrage portfolio return series, for the period 2001 through to 2004. Past empirical evidence … indicates that the merger arbitrage strategy generates large risk adjusted returns. More recent evidence indicates that the …

Persistent link: https://www.econbiz.de/10013073367

Does family matter? : venture capital cross-fund cash flows

Kräussl, Roman; Rinne, Kalle; Sunc, Huizhu - 2022

Venture capital (VC) funds backed by large multi-fund families tend to perform substantially better due to cross-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...

Persistent link: https://www.econbiz.de/10013555504

The Characteristics of Individual Analysts' Forecasts in Europe

Bolliger, Guido - 2001

This paper investigates the determinants of European financial analysts' forecasts differential accuracy.

Persistent link: https://www.econbiz.de/10005843252

A two-sided matching model of monitored finance

Dam, Kaniska - Center for Operations Research and Econometrics … - 2007

We analyse a model of two-sided matching and incentive contracts where expertinvestors (venture capitalists) with different monitoring capacities are matched withfirms with different levels of initial wealth. Firms do not have sufficient start-upcapital to cover their project costs and hence,...

Persistent link: https://www.econbiz.de/10005868831

Die Auswirkungen institutionellerRahmenbedingungen auf die Venture Capital-Finanzierung in Deutschland

Rudolph, Bernd; Haagen, Florian - Universität <München> / Fakultät für Betriebswirtschaft - 2004

Die Finanztheorie betrachtet in den letzten Jahren verstärkt die Bedeutung institutionellerRahmenbedingungen bei der Gestaltung von Finanzierungsverträgen in verschiedenenLändern. In diesem Kontext vergleicht das vorliegende Papier unterschiedliche, für denangelsächsischen und deutschen...

Persistent link: https://www.econbiz.de/10005869415

Financing a portfolio of projects

Inderst, Roman; Müller, Holger M.; Münnich, Felix - 2009

This article shows that investors financing a portfolio of projects may use the depth of their financial pockets to overcome entrepreneurial incentive problems. Competition for scarce informed capital at the refinancing stage strengthens investors' bargaining positions. And yet, entrepreneurs'...

Persistent link: https://www.econbiz.de/10010386307

Managerial Incentives and IPO Failure Risk

Colak, Gonul - 2019

quality, higher investment efficiency, and superior operating performance …

Persistent link: https://www.econbiz.de/10012898102

Managerial Incentives Explanation of Equity Carve-Outs Initial Returns

Seistrajkova, Biljana - 2017

future returns and its direction differ depending on the executive compensation packages, suggesting that management …

Persistent link: https://www.econbiz.de/10012970504

Environmental Incentives for and Usefulness of Textual Risk Reporting : Evidence from Germany

Elshandidy, Tamer - 2016

Drawing on distinct German institutional characteristics related to cultural, legal, financial, and regulatory features, this paper investigates the extent to which environmental incentives influence German non-financial firms in revealing risk information in their annual report narratives. The...

Persistent link: https://www.econbiz.de/10012977370

Incentives and Restrictions in Venture Capital Contracts

Anita, Lovas - 2016

reflected in the questionnaire based survey conducted among venture capital funds. We concentrated our research on management …

Persistent link: https://www.econbiz.de/10012995899