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Venture Capitalists, Asymmetric Information, and Ownership in the Innovation Process

Fabrizi, Simona; Lippert, Steffen; Norbäck, Peh; … - 2008

In this paper we construct a model in which entrepreneurial innovations are sold into oligopolistic industries and where adverse selection problems between entrepreneurs, venture capitalists and incumbents are present. We show that as exacerbated development by better-informed venture-backed rms...

Persistent link: https://www.econbiz.de/10010320264

Venture Capitalists, Asymmetric Information, and Ownership in the Innovation Process

Fabrizi, Simona; Lippert, Steffen; Norbäck, Pehr-Johan; … - Institutet för Näringslivsforskning (IFN) - 2008

Persistent link: https://www.econbiz.de/10005419514

Adverse Selection and Entrepreneurship in a Model of Development

Jaimovich, Esteban - Collegio Carlo Alberto, Università degli Studi di Torino - 2008

This paper presents a theory in which risk-averse heterogeneously talented entrepreneurs are the key agents driving the process of development and modernisation. Entrepreneurial skills are private information, which prevents full risk sharing. In that setup, development to a modern industrial...

Persistent link: https://www.econbiz.de/10005094055

Rethinking debt sustainability in the context of the Millennium Development Goals

Kregel, Jan - In: BNL Quarterly Review 60 (2007) 242, pp. 225-248

support the development goals contained in the UN's 2000 Millennium Declaration. Debt sustainability analysis currently … that places the implementation of the millenniumdevelopment goals at the centre of debt sustainability by taking a longer …

Persistent link: https://www.econbiz.de/10010751987

Rethinking debt sustainability in the context of the Millennium Development Goals

Kregel, Jan - In: Banca Nazionale del Lavoro Quarterly Review 60 (2007) 242, pp. 225-248

Persistent link: https://www.econbiz.de/10010752008

Does Openness to International Financial Flows Raise Productivity Growth?

Prasad, Eswar; Terrones, Marco; Kose, M. Ayhan - International Monetary Fund (IMF) - 2008

strong evidence that FDI and portfolio equity liabilities boost TFP growth while external debt is actually negatively … correlated with TFP growth. The negative relationship between external debt liabilities and TFP growth is attenuated in economies …

Persistent link: https://www.econbiz.de/10005769199

Indebitamento internazionale degli HIPC: da problema economico a problema politico

Palazzi, Paolo - In: Moneta e Credito 55 (2002) 218, pp. 165-195

This paper analyzes the dynamic of the international debt of Heavily Indebted Poor Countries (HIPC), along with the … of the structure of debt and socio-economic development (using 14 variables) of 34 HIPC during the period 198797, using a … multi statistical analysis; b) the second part analyzes the relation between economic development and the structure of debt …

Persistent link: https://www.econbiz.de/10010658868

Islamic finance and debt culture : treading the conventional path?

Farooq, Mohammad O. - In: International journal of social economics 42 (2015) 12, pp. 1168-1195

Persistent link: https://www.econbiz.de/10011483092

Exporting to bypass weak institutions

Creane, Anthony; Jeitschko, Thomas D. - In: European economic review : EER 83 (2016), pp. 185-197

Persistent link: https://www.econbiz.de/10011770527

Entrepreneurship prompts institutional change in developing economies

Elert, Niklas; Henrekson, Magnus - 2020

Entrepreneurship plays a pivotal role for institutional change and economic development in transition and developing economies. Formal and informal institutions in such countries are often sub-par, but rather than being constrained by them, entrepreneurship can often affect institutions and...

Persistent link: https://www.econbiz.de/10012145538