capital

The essay surveys the literature on financial innovation from a wide variety of disciplines: financial economics, history, law, and industrial organization. The author defines financial innovation, discusses problems with creating taxonomies of financial innovation, and outlines the explanations given for the extensive amount of financial innovation we observe both today in history. The essay also reviews work that studies the identity of innovators, the process of diffusion of innovation, the private benefits of innovation and the social welfare implications of innovation.

The report highlights the seminar between U.S. experts in venture capital development and Russian
policymakers, technologists, and representatives of Russia’s nascent venture capital industry. The discussion focused on venture capital development and its role in supporting technology business growth in the United States and Russia. The goal was to provide a forum for U.S. experts to share their experience in creating and managing venture capital investments and for Russian experts to share their plans to encourage a robust venture capital industry in Russia.

The paper is the product of the first summit of organized angel groups, an April 2002 meeting focused on the best practices of angel investing. The report provides insights for both entrepreneurs looking for financing and for venture capitalists who typically get involved in follow-on rounds of financing.

The report highlights the seminar between U.S. experts in venture capital development and Russian
policymakers, technologists, and representatives of Russia’s nascent venture capital industry. The discussion focused on venture capital development and its role in supporting technology business growth in the United States and Russia. The goal was to provide a forum for U.S. experts to share their experience in creating and managing venture capital investments and for Russian experts to share their plans to encourage a robust venture capital industry in Russia.

The study examined the participation of women- and minority-owned firms in the venture capital markets. The proportion of funds that women-led ventures received was small relative to the whole although there was a slight increase in investments between 1995 and 1998.

There is little evidence on the efficiency of the early stage of the capital market in transition countries, although market structure developments and the learning process could define the framework for efficient markets, according to the authors. The article tries to find out whether financial markets are efficient in the three Baltic States and if not, whether there are any signs of evolving to the efficient capital market.

There is little evidence on the efficiency of the early stage of the capital market in transition countries, although market structure developments and the learning process could define the framework for efficient markets, according to the authors. The article tries to find out whether financial markets are efficient in the three Baltic States and if not, whether there are any signs of evolving to the efficient capital market.

There is little evidence on the efficiency of the early stage of the capital market in transition countries, although market structure developments and the learning process could define the framework for efficient markets, according to the authors. The article tries to find out whether financial markets are efficient in the three Baltic States and if not, whether there are any signs of evolving to the efficient capital market.

The study finds more than 50 community development venture capital (CDVC) providers actively investing or in formation at the beginning of 2000 – up from a mere handful only five years ago. The combined capitalization of these providers at the end of 1999 was $300 million. In spite of the recent explosion of CDVC activity, the study indicates there are still 24 states with no access to community-based risk capital.

The working paper explains that a selection bias occurs by looking at return to Initial Public Offerings (IPOs) in that most IPOs will be made only when the project has achieved a good return or anticipates a successful offering.