This paper explores different functions of co-presence for collaborative knowledge creation in the context of seed accelerator programs. Seed accelerators offer programs of three to six months to enhance the growth of early-stage start-ups through various means of training and organizational...

This paper explores different functions of co-presence for collaborative knowledge creation in the context of seed accelerator programs. Seed accelerators offer programs of three to six months to enhance the growth of early-stage start-ups through various means of training and organizational...

This paper studies the effects of labor market outcomes on firms' loan demand and on credit intermediation. In a first step, I investigate how wages in the production sector affect bank net worth and the process of financial intermediation in partial equilibrium. Second, the role of the...

Purpose: This paper aims to provide a better understanding of accelerators' phenomenon, developing a business model framework for these organizations. The proposed framework aims to offer helpful guidance for practitioners and policymakers, together with various research opportunities for...

There have been significant changes in the financing of early-stage innovative companies since the beginning of this decade. The importance of institutional venture capital funds' investments declined in financing startups and early-stage ventures. At the same time, alternative sources of...

Samuelson kept optimization-based problems separated from macroeconomic dynamics in his Foundations, where dynamics were defined in terms of difference and differential equations. Despite some criticism of his "correspondence principle" of stability analysis by D.F. Gordon, D. Patinkin and...

There have been significant changes in the financing of early-stage innovative companies since the beginning of this decade. The importance of institutional venture capital funds' investments declined in financing startups and early-stage ventures. At the same time, alternative sources of...

Recently, the government has been pursuing various policies to create new industries and jobs through the invigoration of start-ups. For the sustained growth of start-ups, it is necessary to look not only at the supply of risk capital but also at policies for venture capital firms that nurture...

Entrepreneurial firms in their early stages cannot finance their own capital sufficiently; hence, external investment is crucial for their survival. Angels, venture capital, and governmental support have played key roles in entrepreneurial financing. Accelerators, a new type of early-stage...

We introduce financial frictions in the spirit of Bernanke, Gertler, and Gilchrist (1999) into a standard RBC model and use the heterogeneous-prior framework of Angeletos, Collard, and Dellas (2018) to accommodate confidence-driven business cycle fluctuations. We show that financial frictions...

Theories such as Minsky's financial instability hypothesis or New Keynesian financial accelerator models assign a key role to financial factors in business cycle dynamics. We present descriptive statistics and a simple estimation framework to examine the financial-real interaction mechanisms...

An accommodating monetary policy followed by a sudden increase of the short term interest rate often leads to a bubble burst and to an economic slowdown. Two examples are the Great Depression of 1929 and the Great Recession of 2008. Through the implementation of an Agent Based Model with a...

The need to address the tremendous technological and investment risks intrinsic to the stages of business structuring and drawing up a business model means that an optimal tool to support innovative start-ups is sought. Continuity of the innovation process depends on the efficiency of individual...

The need to address the tremendous technological and investment risks intrinsic to the stages of business structuring and drawing up a business model means that an optimal tool to support innovative start-ups is sought. Continuity of the innovation process depends on the efficiency of individual...