The main objective of this paper is to investigate the relation between the foreign ownership and firm performance. The study was conducted for the companies listed on Bucharest Stock Exchange, in the first, second and third categories. The financial companies and the credit institutions were excluded from the sample. The final sample included 63 companies. Return on Assets and Return on Equity...

The dominant neo-liberal policy community holds that a reduction in employment rights and social protection is likely to promote economic recovery and growth. It has been suggested that investors are likely to shun countries where such rights are strong; in contrast, radical labour market deregulation is seen as encouraging both local business and multinationals to invest. This study explores w...

Venture capital has been one of the major drivers of the U.S. economy. Using the State of the Inner City Economies database of the Initiative for a Competitive Inner City, we found that secondary cities – which we have defined as cities outside the 40 largest U.S. metro areas – have received far less than their proportionate share of private equity deals and dollars. By failing to attract capit...

Deep-tech startups have enormous potential to solve major societal challenges, but their failure rates are quite high (above 90%). In this respect, deep-tech systems and products long development times thus require substantial amounts of investment capital before the first customer can be served. Moreover, investors increasingly expect that value proposition a venture has clear sustainability d...

We examine how investors’ tolerance for failure impacts the types of projects they are willing to fund. We show that actions that reduce short term accountability and thus encourage agents to experiment more simultaneously reduce the level of experimentation financial backers are willing to fund. Failure tolerance has an equilibrium price that increases in the level of experimentation. More exp...

We investigate the growth strategies of hedge fund firms. find that firms with successful first funds are able to launch follow-on charge higher performance fees, set more onerous redemption terms, and attract greater inflows. Motivated by aforementioned spillover effects, outperform funds, after adjusting for risk. Consistent agency view, incentive alignment moderates differential between fund...

a r t i c l e i n f o Most existing empirical evidences on the impact of profit taxation on multinational firm activity are based on crosscountry data. One major drawback of such data is that countries differ not only with regard to taxes but also with other dimensions which might be hard to capture by means of observable characteristics. We compile a database of more than 11,000 municipalities...

This paper looks at 800,000 messages on the Unicredit stock, exchanged by 7,500 investors in the Finanzaonline.com forum, between 2005 and 2012 and measured collective interpretations of stock market trends. We examined the correlation patterns between market uncertainty, bad news and investors' network structure by measuring the investors' communication patterns. Our results showed that the in...

Deep renovation of the buildings is a key for sustainable development, however, rate deep residential in European Union (EU) lower than what required to meet climate and energy goals. This paper analyses peculiarities commonalities market conditions approaches single-family (or detached) houses Denmark Sweden. The analysis covers Political, Economic, Social Technical (PEST) dimensions based on ...