Search results for "Private capital"

showing 3 items of 3 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…

Corporate financeGovernmentEntrepreneurshipPrivate capitalMoral hazardInterimTransferabilityInvestor protectionBusinessMonetary economicsSSRN Electronic Journal
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Il Paradigma della Città Fluida

2013

Nella recente crisi globale i poderosi flussi di capitali finanziari, sociali e relazionali che hanno alimentato la riqualificazione urbana nel corso degli ultimi quindici anni non sono più disponibili ad essere intercettati in maniera indiscriminata così come è stato possibile fino a qualche anno fa. Nell'era della crisi strutturale le città più dinamiche non sono più quelle in grado di attrarre progetti urbani iconici ed investitori spinti dal mercato immobiliare o dalla redditività delle attività ricreative, ma quelle città che, a partire dalle loro profonde e diversificate risorse culturali, saranno capaci di attuare una vera e propria “metamorfosi” per usarle come base per la creazione…

In current global crisis the strong flows of financial social and relational capitals that powered urban regeneration over the last fifteen years are no longer available to be tapped in an indiscriminate manner as was the case until just a few years ago. The most dynamic cities in the future will no longer be those that are able to attract urban projects and investors driven by the real estate market or leisure-based development but the cities that have deep and different cultural resources and that are able to use them as the basis for creating new urban cultures and for generating new economic values. Revitalising waterfront is no longer easy opportunity for long-term investments or for using the financial capital gains of corporation or hedge funds but a more creative-driven port city has to provide precious opportunities for real development – not only quantitative but more and more qualitative – that is able to produce effects in both the domain of collective assets and that of private capitals.Settore ICAR/21 - Urbanistica
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Patterns of international capital flows and their implications for developing countries

2017

According to standard economic theory, capital should flow from rich to poor countries. However, a reverse pattern has prevailed in the world economy. This is the so-called Lucas paradox. In addition, it has been shown that, counterintuitively, there is a negative correlation between capital inflow and productivity growth across developing countries. This is the so-called allocation puzzle. This review sheds light on the following questions: “What are the patterns of international capital flows in the world economy?”, “What are the most plausible explanations for these patterns?”, and “What are the possible implications of these developments for developing countries?” In addition, the curre…

business.industry05 social sciencesDeveloping countryInternational tradeMonetary economicsLucas paradoxInternational capitalWorld economyCapital outflowPrivate capitalCapital (economics)0502 economics and businessEconomics050207 economicsEmerging marketsbusiness050205 econometrics
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