Optimal merger policy with financially constrained start-ups
Chiara Fumagalli, Massimo Motta and Emanuele Tarantino study the effects of acquiring potential competitors and the optimal policy for regulating such mergers.
Topic Archive: Industrial Organization
First stakeholders and success in UK startups
Albert Banal-Estañol, Inés Macho-Stadler, Jonás Nieto-Postigo and David Pérez-Castrillo create a novel data set of UK-based VC-backed startups to study the effects of the pre-institutional individual stakeholders on their eventual success.
How transparent reporting influences the allocation of corporate cash
Marcelo Ortiz tests whether private firms are able to use peers’ financial reports to learn about liquidity risk.
Lessons from white elephants and concession contracts
Juan-José Ganuza and Gerard Llobet argue that standard contracts do not provide incentives for firms to properly screen projects, resulting in the construction of unnecessary infrastructures (“white elephants”).
