منابع مشابه
University-affiliated venture capital funds.
This paper briefly reviews university/industry licensing and research collaborations and focuses on three university-affiliated venture capital funds, which represent the most direct participation by academic institutions in creating new ventures based on technologies invented by their faculty members. The paper provides an early perspective on these funds as mechanisms for bringing new biomedi...
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There has been much debate about the current banking crisis, but less attention has been paid to the capital budgeting practices at banks and the adverse manner in which mispriced government guarantees have played a role. Viral Acharya, Professor of Finance at London Business School and Stern School of Business, New York, and Julian Franks, Oxera Director and Professor of Finance at London Busi...
متن کاملBuilding Relationships Early: Banks in Venture Capital
Banks routinely invest in the venture capital market. Why are they interested in venture capital, and how do their investments differ from independent venture capitalists? The banking literature suggests that banks may have some valuable expertise that they might want to leverage into venture capital. Alternatively, banks may want to build relationships in the venture market for their core lend...
متن کاملEntrepreneurial finance: Banks versus venture capital
We analyze how entrepreneurial firms choose between two funding institution: banks, which monitor less intensively and face liquidity demands from their own investors, and venture capitalists, who can monitor more intensively but face a higher cost of capital because of the liquidity constraints that they impose on their own investors. Because the firm’s manager prefers continuing the firm over...
متن کاملCan We Explain Banks' Capital Structures?
www.philadelphiafed.org While this view appears plausible, it actually contradicts the evidence of the last 20 years, which shows that banks do not appear to hold the minimum amount of equity required by regulators. Furthermore, while banks are typically highly leveraged compared with most nonfinancial firms, this doesn’t mean that similar forces are not at work when banks and nonfinancial firm...
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ژورنال
عنوان ژورنال: Journal of Financial Services Research
سال: 1988
ISSN: 0920-8550,1573-0735
DOI: 10.1007/bf00114853