capital

This paper investigates the internal versus external financing decisions among 1900 early stage privately held UK firms in 1996-1997. The authors study the factors that affect rejection rates in applications for outside finance among the different types of investors, taking into account the non-randomness in a firms decision to seek outside finance.

In the applied growth literature, the working assumption is that foreign investment shifts technology, according to the author. The paper introduces imperfect foreign investment as a function of the difference between domestic and foreign capital returns.

The author explains that the comparative advantage of a country is determined by its factor intensity. In many cases factors of production can be accumulated over time and thus effect a change in the comparative advantage of a given country.

Using a unique methodological approach, the authors examine factors related to venture capital firms involvement in syndication. Overall, they find support for both knowledge-based and financial arguments for why VCFs engage in syndication.

The paper evaluates the ability of venture capital funds to identify and bring to market successful high-tech Israeli companies during the period 1991 to 2000.

The fourth annual survey found 60 firms made 253 investments totalling $1.269 billion (US) in China mainland or mainland-related enterprises in 2004.
the Information and Computer (IC) industry received the bulk of the investments, reporting $424 million with a primary focus on IC design.

This paper examines the role of banks in the US venture capital market. The analysis suggests that banks are strategic investors in the venture capital market with investment patterns distinct from independent venture capitalists. It also provides a cautionary note for relying on banks for the development of a venture capital industry.

The study suggests that highly developed venture capital markets might be a key element in the
Anglo-Saxon institutional setting on financial markets, which contributed to producing a better labor market performance in comparison to countries which rely largely on bank financing and on internal financing in large established firms.

The paper aims at analysing the syndication behavior of venture capital organisations and the factors influencing their overall propensity to co-invest in the context of managerial real options. Moreover it sheds some light on the factors influencing an investment firms willingness to syndicate and the impact on the value of the inherent real options that affect the value of the project.

The authors test whether U.S. colleges and universities adjust their physical capital intensity to differences in factor prices by regressing the square feet of space per student on construction prices across institutions. The results indicate that physical space at selective liberal arts colleges and private comprehensive universities is unresponsive to relative factor prices but do reflect differences in institutional wealth.