Search results for " private equity"

showing 5 items of 5 documents

Investor protection and business creation

2003

We study the effects of investor protection on the availability of external finance, entrepreneurship, and creation of new firms in an equilibrium search model of private capital markets. In addition to search frictions, we examine contract frictions, specifically interim and ex post moral hazard problems stemming from entrepreneurs’ possibilities to expropriate financiers. In our model, the government chooses the level of investor protection that determines the transferability of match surplus between entrepreneurs and financiers. The results indicate that anything that increases (decreases) entrepreneurship also increases (decreases) the creation of start-ups. The effect of investor prote…

FinanceEconomics and Econometricsinvestor protection start-up financing private equity market entrepreneurship corporate financebusiness.industryjel:E50Accountingjel:G24jel:G21Investor profileinvestor protection; start-up financing; private equity market; entrepreneurship; corporate financeBusinessInvestor protectionLawFinance
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An analysis of recent research on venture capital networks

2019

Purpose – this paper examines recent trends in venture capital network research. Network analysis is a useful approach for analyzing inter-organizational networks, especially for venture capitalists, which are characterized by plenty of connections. Although important steps ahead have been made, several research questions are still unanswered. Research methodology – this brief review analyses deeply three papers which are representative of the novel scientific literature in this field. Scrutinizing these works, I identify their points of strength and weaknesses, in order to understand how to pave the way for further research. Findings – this paper shows that the study of network weak ties a…

050208 financeKnowledge managementSettore SECS-P/11 - Economia Degli Intermediari Finanziaribusiness.industrymedia_common.quotation_subject05 social sciencesScientific literatureVenture capitalViewpointsInterpersonal tiesPrivate equityOriginalityOrder (exchange)Political science0502 economics and businessventure capital private equity network analysis venture capital investments risk management interorganizational networks venture capitalists’ reputation venture capital performance network weak ties.business050203 business & managementRisk managementmedia_commonProceedings of 6th International Scientific Conference Contemporary Issues in Business, Management and Economics Engineering ‘2019
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Equity-worthiness and equity-willingness: key factors in private equity deals

2014

While access to private equity funds (PEFs) provides a unique opportunity for firms to set up sturdy growth paths, how PEFs select companies is an unknown process to entrepreneurs and business owners. This study aims to offer insights regarding the private equity market to entrepreneurs searching for external capital. We analyzed a novel dataset of 240 pre-deal negotiations between small- and medium-sized Italian companies and a closed-end fund. Results indicate that the successful closing of a deal depends on more than just the target firm's equity-worthiness (i.e., the company's ability to meet the expectations of a private equity investor). In fact, there is another dimension: the target…

FinanceMarketingEquity riskbusiness.industryPrivate equity; Pre-deal negotiation; Worthiness and willingnessPrivate equity secondary marketEntrepreneurs; Financing; Pre-deal negotiation; Private equity; Worthiness and willingness; Business and International Management; Marketing;Private equity firmSettore SECS-P/08 - Economia e Gestione delle ImpreseEntrepreneursPrivate investment in public equityClub dealPrivate equity fundPrivate equityPrivate equityEconomicsEntrepreneurWorthiness and willingneWorthiness and willingnessFinancingBusiness and International ManagementbusinessEquity capital marketsPre-deal negotiation
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Banche locali e private equity: quali sfide culturali e organizzative alla luce della crisi finanziaria internazionale

2012

Questo contributo intende descrivere gli eventuali mutamenti portati dalla crisi finanziaria globale sul mercato italiano del private equity osservando contestualmente il lato della domanda e dell’offerta caratterizzante tale comparto finanziario. Dal lato della domanda, questo ampliamento temporale intende rispondere al tentativo di descrivere le principali le eventuali ricadute della crisi finanziaria in termini di trend di tale comparto e delle caratteristiche settoriali, dimensionali e reddituali delle imprese target. Dal lato dell’offerta questo lavoro intende verificare se, a seguito della crisi finanziaria globale, la categoria di intermediario bancario rappresentata dalle banche loc…

merchant bankingSettore SECS-P/11 - Economia Degli Intermediari Finanziaricrisi finanziariacrisi finanziaria private equity merchant banking banche localibanche localiprivate equity
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Le scelte strategiche ed operative delle banche locali nelle regioni dei distretti tecnologici italiani alla luce della crisi finanziaria internazion…

2011

Questo lavoro di ricerca si inserisce nell’ambito degli studi sui sistemi regionali di innovazione ed in particolare cerca di approfondire il ruolo che la finanza innovativa può esercitare nei distretti tecnologici. La natura intangibile dei fattori di sviluppo dei distretti tecnologici e la mancanza di asset fisici per garantire linee di credito richiedono necessariamente una trasformazione delle tradizionali fonti di finanziamento delle imprese distrettuali. Gli asset intangibili comportano un incremento delle asimmetrie informative nel rapporto banca-impresa e di conseguenza la necessità di ricercare nuove tecniche finanziarie capaci di garantire una copertura adeguata dei maggiori risch…

merchant bankingSettore SECS-P/11 - Economia Degli Intermediari Finanziaricrisi finanziariabanche localiIcrisi finanziaria private equity merchant banking banche localiIprivate equity
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