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Institutional changes of Specified Purpose Acquisition Companies (SPACs)
Lakicevic, Milan; Shachmurove, Yochanan; Vulanovic, Milos - In: The North American Journal of Economics and Finance 28 (2014) C, pp. 149-169
This study documents the changes in the corporate design of modern Specified Purpose Acquisition Companies (SPACs) for … the years 2003–2012. Do institutional characteristics of SPACs determine the success of their merger outcomes? The paper … finds that SPACs significantly redesigned their structure in the period under observation. In addition, the probability of a …
Persistent link: https://www.econbiz.de/10010777008
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Death spiral issues in emerging market: A control related perspective
Kim, Woochan; Kim, Woojin; Kim, Hyungseok - In: Pacific-Basin Finance Journal 22 (2013) C, pp. 14-36
This paper studies the motive of issuing floating-priced convertibles or warrants, known as death spirals, in a country …
Persistent link: https://www.econbiz.de/10010608155
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Escaping TARP
Wilson, Linus; Wu, Yan Wendy - In: Journal of Financial Stability 8 (2012) 1, pp. 32-42
This paper studies the factors that were associated with a bank's early exit from the Troubled Asset Relief Program (TARP) in 2009. Executive pay restrictions were often a rationale cited for early TARP exit, and high levels of CEO pay in 2008 were associated with banks being significantly more...
Persistent link: https://www.econbiz.de/10010599314
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Anchoring bias in the TARP warrant negotiations
Wilson, Linus - In: Journal of Economics and Business 64 (2012) 1, pp. 63-76
Congressional Oversight Panel's estimates of the warrants’ value. In contrast to the experimental psychology studies on anchoring …
Persistent link: https://www.econbiz.de/10010599712
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Venture capital and private equity investment strategies in selected European countries
Dziekoński, Krzysztof; Ignatiuk, Sławomir - In: E-Finanse : finansowy kwartalnik internetowy 11 (2015) 4, pp. 34-45
Private equity and venture capital (PE/VC) funding is the provision of equity capital by financial investors to non-quoted companies with high growth potential. It has a particular emphasis on entrepreneurial activities rather than on mature businesses. PE/VC investors differ on several...
Persistent link: https://www.econbiz.de/10011527286
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Venture capital and private equity investment preferences in selected countries
Dziekoński, Krzysztof; Ignatiuk, Sławomir - In: E-Finanse : finansowy kwartalnik internetowy 11 (2015) 3, pp. 128-137
Sources of capital to finance companies in the SME sector is one of the basic conditions for the functioning and development of enterprises, especially in the early phase of their development. Increasingly popular is the use of capital market instruments, Private Equity, Venture Capital,...
Persistent link: https://www.econbiz.de/10011455494
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The relationship between investment and internal cash flows in VC-backed SMEs : does firm size matter?
Serrasqueiro, Zélia; Sardo, Filipe; Félix, Elisabete … - In: Journal of entrepreneurial finance : JEF ; official … 21 (2019) 1, pp. 38-56
Using panel data models and two research sub-samples composed of smaller and larger VC-backed, this study seeks to analyze the relationship between investment and internal cash flows. The results indicate that the investment sensitivity to internal cash flows is greater in larger than in the...
Persistent link: https://www.econbiz.de/10012241535
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Risk management in the venture capital industry : managing risk in portfolio companies
Proksch, Dorian; Stranz, Wiebke; Pinkwart, Andreas; … - In: Journal of entrepreneurial finance : JEF ; official … 18 (2016) 2, pp. 1-33
Managing risk is one of the main activities of venture capital companies. Despite the fact that this topic is of high practical relevance, only little research was published on risk management performed by venture capital companies in their ventures. Hence, we conducted a structured literature...
Persistent link: https://www.econbiz.de/10011992186
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Chapter 14. The Financing of R&D and Innovation
Hall, Bronwyn H.; Lerner, Josh - 2010
Evidence on the “funding gap” for investment innovation is surveyed. The focus is on financial market reasons for underinvestment that exist even when externality-induced underinvestment is absent. We conclude that while small and new innovative firms experience high costs of capital that...
Persistent link: https://www.econbiz.de/10014025162
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The information content of SPAC securities
Nohel, Tom - In: International review of financial analysis 93 (2024), pp. 1-11
Persistent link: https://www.econbiz.de/10014543747