This paper explores the determinants of the stage distribution of European venture capital investments from 1990 to 2011. Consistent with liquidity risk theory, we find that the likelihood of investing in earlier stages increases relative to all private equity investments during liquidity crisis years. While liquidity is the main driver of acquisition investments and, to some extent, of expansi...

Determining whether investments in information technology (IT) have an impact on firm performance has been and continues to be a major problem for information systems researchers and practitioners. Financial theory suggests that managers should make investment'decisions that maximize the value of the firm. Using event-study methodology, we provide empirical evidence on the effect of announcemen...

Self Investments of Adolescents and their Cognitive Development While a large literature has focused on the impact of parental investments on child cognitive development, very little is known about the role of child’s own investments. Information on how children invest their time separately from parents is probably little informative for babies and toddlers, but it becomes more and more importa...

Over the past decade, hospitals in Greece have made significant investments in adopting and implementing new hospital information systems (HISs). Whether these investments will prove beneficial for these organizations depends on the support that will be provided to ensure the effective use of the information systems implemented and also on the satisfaction of its users, which is one of the most...

it seems that in spite of huge investments made in history of iranian medicine in recent years, the investments and the perspective of results obtained in studies of history of the islamic era medicine is not what was expected. a reason for this phenomenon can be absence of perspective and theoretical studies in this field. in this study, after explaining the how’s and why’s of the theory devel...

This paper examines how strategic posture in IT investment with respect to industry peers (i.e., level of IT investment compared to the industry norm for IT investments) and competitive environment influence IT investments of a firm. We synthesize prior literature on determinants of IT investments and competitive dynamics to develop our theoretical framework. Using archival data for about 380 f...

Does it pay to invest in IT? Research over the last two decades has resulted in mixed findings. While many studies have shown a positive and significant relationship between IT investments and firm productivity and performance measures, the question of causality remains: Do higher IT investments contribute to better performance or does better performance contribute to higher IT investments? In ...