Are firms accessing venture funding more financially constrained? New evidence from capital structure adjustments

M Balboa, J Martí… - The European Journal of …, 2017 - Taylor & Francis
We analyze whether firms that receive venture capital (VC) at a later date face more financial
constraints than a one-by-one matched sample of firms that did not receive VC funding …

Financial constraints in family firms and the role of venture capital

A Croce, J Martí - Economia e Politica Industriale, 2017 - Springer
Based on the natural reluctance of family-controlled firms (FCFs) to accept external
shareholders, in this paper we analyze whether investment sensitivity to internally generated …

Improving the external financing in independent high-tech SMEs: Does the foreign ownership matter?

C Corsi, A Prencipe - Journal of Small Business and Enterprise …, 2017 - emerald.com
Purpose The purpose of this paper is to study the impact of foreign venture capital
(VC)/private equity (PE) ownership and other types of foreign investors on the access to …

The Impact of Government-Supported Participative Loans On Employment Growth in Entrepreneurial Ventures

F Bertoni, J Martí, C Reverte - Available at SSRN 3088072, 2017 - papers.ssrn.com
We study the employment growth for entrepreneurial ventures that received a government-
sponsored participative loan (PL), a hybrid form of financing between debt and equity. We …

[PDF][PDF] Participative loans as an alternative policy instrument for promoting SMEs' growth

F Bertoni, J Martí, C Reverte - XXVII CONGRESO ACEDE, 2017 - efmaefm.org
We study sales and employment growth of companies that receive a government-sponsored
participative loan (PL), a hybrid form of financing between debt and equity. We analyze a …

When vultures bring blessings: Employment growth in Japanese businesses under private equity ownership

G Blind, S Lottanti von Mandach - 2017 - mpra.ub.uni-muenchen.de
Tracking the effect of private equity ownership on employment in Japan, we find evidence
that employment grows significantly under private equity ownership, a finding that runs …