10th CompNet Annual Conference
10th CompNet Annual Conference This year CompNet celebrates its 10th Annual Conference, together with Banque de France as co-host, which took place in Paris. The topic of the…
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11th Annual Conference in Luxembourg
11th Annual Conference in Luxembourg 14.-15. September 2022 in Luxembourg This year CompNet celebrated its 11th Annual Conference, together with EIB and ENRI as co-hosts, which…
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8th CompNet Annual Conference
From Micro to Macro: Market Power, Firms’ Heterogeneity and Investment 8th Annual Conference of CompNet, jointly organized with IMF, EIB, ENRI and IWH, March 18-19 2019, European…
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2nd FINPRO - Finance and Productivity Conference
2nd FINPRO - Finance and Productivity Conference A conference jointly organised by the Competitiveness Research Network (CompNet), the European Bank for Reconstruction and…
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IWH FDI Micro Database
IWH FDI Micro Database The IWH FDI Micro Database (FDI = Foreign Direct Investment) comprises a total population of affiliates of multinational enterprises (MNEs) in selected…
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Green Transition
Green Transition Research and Policy Advice for Structural Change in the German Economy Dossier, 18.06.2024 Green Transition The green transition is a key topic of our time. In a…
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Common Venture Capital Investors and Startup Growth
Ofer Eldar, Jillian Grennan
Review of Financial Studies,
Vol. 37 (2),
2024
Abstract
We exploit the staggered introduction of liability waivers when investors hold stakes in conflicting business opportunities as a shock to venture capital (VC) investment and director networks. After the law changes, we find increases in within-industry VC investment and common directors serving on startup boards. Despite the potential for rent extraction, same-industry startups inside VC portfolios benefit by raising more capital, failing less, and exiting more successfully. VC directors serving on other startup boards are the primary mechanism associated with positive outcomes, consistent with common VC investment facilitating informational exchanges in VC portfolios.
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Productivity
Productivity: More with Less by Better Available resources are scarce. To sustain our society's income and living standards in a world with ecological and demographic change, we…
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Projects
Our Projects 07.2022 ‐ 12.2026 Evaluation of the InvKG and the federal STARK programme On behalf of the Federal Ministry of Economics and Climate Protection, the IWH and the RWI…
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IWH Doctoral Programme in Economics
Why Doctoral Studies at IWH? The IWH Doctoral Programme in Economics – one of the Top 20 places to do a PhD ( INOMICS Career Guide 2023 ) The Halle Institute for Economic Research…
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