Author: Douglas J. Cumming
Publisher: Academic Press
ISBN: 0124095968
Category : Business & Economics
Languages : en
Pages : 781
Get Book Here
Book Description
Other books present corporate finance approaches to the venture capital and private equity industry, but many key decisions require an understanding of the ways that law and economics work together. This revised and updated 2e offers broad perspectives and principles not found in other course books, enabling readers to deduce the economic implications of specific contract terms. This approach avoids the common pitfalls of implying that contractual terms apply equally to firms in any industry anywhere in the world. In the 2e, datasets from over 40 countries are used to analyze and consider limited partnership contracts, compensation agreements, and differences in the structure of limited partnership venture capital funds, corporate venture capital funds, and government venture capital funds. There is also an in-depth study of contracts between different types of venture capital funds and entrepreneurial firms, including security design, and detailed cash flow, control and veto rights. The implications of such contracts for value-added effort and for performance are examined with reference to data from an international perspective. With seven new or completely revised chapters covering a range of topics from Fund Size and Diseconomies of Scale to Fundraising and Regulation, this new edition will be essential for financial and legal students and researchers considering international venture capital and private equity. - An analysis of the structure and governance features of venture capital contracts - In-depth study of contracts between different types of venture capital funds and entrepreneurial firms - Presents international datasets from over 40 countries around the world - Additional references on a companion website - Contains sample contracts, including limited partnership agreements, term sheets, shareholder agreements, and subscription agreements
Author: Thomas Gold
Publisher: Cambridge University Press
ISBN: 9780521530316
Category : Social Science
Languages : en
Pages : 300
Get Book Here
Book Description
This volume assesses the evolving role of guanxi (social networks) in China's transforming society.
Author: Michelle Lowry
Publisher:
ISBN: 9781680833416
Category : Electronic books
Languages : en
Pages : 166
Get Book Here
Book Description
The purpose of this monograph is to provide an overview of the IPO literature since 2000. The fewer numbers of companies going public in recent years has raised many questions regarding the IPO process, in both academic and regulatory circles. As we all strive to understand these changes in the market, it is especially important to understand the dynamics underlying the IPO process. If the process of going public is too costly or the IPO mechanism is plagued by too many conflicts of interest among the various intermediaries, then private companies may rationally choose other methods of raising capital. In a related vein, it is imperative that new regulations not be based on research focusing solely on large, more mature firms. Newly public firms have unique characteristics, and an increased understanding of such issues will contribute positively to well-functioning public markets and further growth of the entrepreneurial sector. We also provide a detailed guide to researchers on how to obtain a research-quality sample of IPOs, from standard data sources. Related to this, we tabulate important corrections to these standard data sources.
Author: Anson Au
Publisher: Taylor & Francis
ISBN: 1040000584
Category : Business & Economics
Languages : en
Pages : 163
Get Book Here
Book Description
China is caught in the rapids of the largest policy crackdown in history. The ferocity of this far-reaching crackdown, dispersed across every market sector, has cast into scrutiny a newly emerging era of development and raised new questions about what it means for the future of Chinese governance and development. Has China abandoned its modern commitment to market-oriented reforms? Is this a reversion to the bygone days of Maoist Communism? The ongoing crackdown, this book argues, is not a break from but a continuation of the legacy of development initiated 50 years ago under Deng Xiaoping. Drawing on rich economic and developmental data, the book recasts old ideas about Chinese governance with cutting-edge insights into the economic machinery and policy regime that drive modern China. As it shows, the seemingly unconnected parts of the ongoing crackdown across China – the shadow banking network, real estate, Internet technology, entertainment, housing, private education – can all be understood in terms of a consistent, continuous economic model. It explores the social structure of this economic model, from an ideological foundation that is not political but cultural in nature, to its institutional arrangements and macroeconomic and fiscal policies. The book discusses the policy interventions and development goals motivated by these social structures, offering a major new contribution to understanding the social and economic challenges that face China today – and its next 50 years. The book will appeal to a broad academic audience, especially given the growing prominence of Chinese development in the context of development in the Asia-Pacific at large.
Author: LIN WILLIAM CONG; CHARLES M. C. LEE; YUANYU QU; TAO.
Publisher:
ISBN: 9781680835991
Category :
Languages : en
Pages : 64
Get Book Here
Book Description
Financing Entrepreneurship and Innovation in China provides an overview of the current state-of-affairs in the financing of private innovations in China. While country-level innovation can take many forms, the focus is on the funding of business start-ups and entrepreneurial ventures.
Author: Emilios Avgouleas
Publisher: Cambridge University Press
ISBN: 110847036X
Category : Business & Economics
Languages : en
Pages : 531
Get Book Here
Book Description
Examines the law and policy of financial regulation using a combination of conceptual analysis and strong empirical research.
Author: William Bernhard
Publisher: Cambridge University Press
ISBN: 1107320992
Category : Political Science
Languages : en
Pages : 237
Get Book Here
Book Description
The authors examine the conditions under which democratic events, including elections, cabinet formations, and government dissolutions, affect asset markets. Where these events have less predictable outcomes, market returns are depressed and volatility increases. In contrast, where market actors can forecast the result, returns do not exhibit any unusual behavior. Further, political expectations condition how markets respond to the political process. When news causes market actors to update their political beliefs, market actors reallocate their portfolios, and overall market behavior changes. To measure political information, Professors Bernhard and Leblang employ sophisticated models of the political process. They draw on a variety of models of market behavior, including the efficient markets hypothesis, capital asset pricing model, and arbitrage pricing theory, to trace the impact of political events on currency, stock, and bond markets. The analysis will appeal to academics, graduate students, and advanced undergraduates across political science, economics, and finance.
Author: Alberto Alesina
Publisher: Cambridge University Press
ISBN: 9780521436205
Category : Business & Economics
Languages : en
Pages : 302
Get Book Here
Book Description
This book develops an integrated approach to understanding the American economy and national elections. Economic policy is generally seen as the result of a compromise between the President and Congress. Because Democrats and Republicans usually maintain polarized preferences on policy, middle-of-the-road voters seek to balance the President by reinforcing in Congress the party not holding the White House. This balancing leads, always, to relatively moderate policies and, frequently, to divided government. The authors first outline the rational partisan business cycle, where Republican administrations begin with recession, and Democratic administrations with expansions, and next the midterm cycle, where the President's party loses votes in the mid-term congressional election. The book argues that both cycles are the result of uncertainty about the outcome of presidential elections. Other topics covered include retrospective voting on the economy, coat-tails, and incumbency advantage. A final chapter shows how the analysis sheds light on the economies and political processes of other industrial democracies.
Author: Carl Walter
Publisher: John Wiley & Sons
ISBN: 1118255135
Category : Business & Economics
Languages : en
Pages : 290
Get Book Here
Book Description
The truth behind the rise of China and whether or not it will be able to maintain it How did China transform itself so quickly? In Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise, Revised Edition Carl Walter and Fraser Howie go deep inside the Chinese financial machine to illuminate the social and political consequences of the unique business model that propelled China to economic powerhouse status, and question whether this rapid ascension really lives up to its reputation. All eyes are on China, but will it really surpass the U.S. as the world's premier global economy? Walter and Howie aren't so certain, and in this revised and updated edition of Red Capitalism they examine whether or not the 21st century really will belong to China. The specter of a powerful China is haunting the U.S. and other countries suffering from economic decline and this book explores China's next move Packed with new statistics and stories based on recent developments, this new edition updates the outlook on China's future with the most cutting-edge information available Find out how China financed its current position of strength and whether it will be able to maintain its astonishing momentum Indispensable reading for anyone looking to understand the limits that China's past development decisions have imposed on its brilliant future, Red Capitalism is an essential resource for anyone considering China's business strategies in today's extremely challenging global economy.
Author: Yongnian Zheng
Publisher: Cambridge University Press
ISBN: 110847344X
Category : Business & Economics
Languages : en
Pages : 493
Get Book Here
Book Description
Uses the framework of 'market in state', to argue that the Chinese economy is state-centered, dominated by political principles over economic principles.
