capital

Does Venture Capital Investment Spur Employment Growth?

The study from the University of Vienna presents a model linking venture capital investment and job growth on the national level. The study looks at data on a sample of 20 member countries of the Organisation for Economic Cooperation and Development and concludes that an increase of one standard deviation in early-stage capital alone is associated with a positive change in employment ranging between 1.1 and 1.4 percent.

Testing the Efficiency of Emerging Markets: The Case of the Baltic States

There is little evidence on the efficiency of the early stage of the capital market in transition countries, although market structure developments and the learning process could define the framework for efficient markets, according to the authors. The article tries to find out whether financial markets are efficient in the three Baltic States and if not, whether there are any signs of evolving to the efficient capital market.

Testing the Efficiency of Emerging Markets: The Case of the Baltic States

There is little evidence on the efficiency of the early stage of the capital market in transition countries, although market structure developments and the learning process could define the framework for efficient markets, according to the authors. The article tries to find out whether financial markets are efficient in the three Baltic States and if not, whether there are any signs of evolving to the efficient capital market.

Testing the Efficiency of Emerging Markets: The Case of the Baltic States

There is little evidence on the efficiency of the early stage of the capital market in transition countries, although market structure developments and the learning process could define the framework for efficient markets, according to the authors. The article tries to find out whether financial markets are efficient in the three Baltic States and if not, whether there are any signs of evolving to the efficient capital market.

U.S. - Russia Seminar on Venture Capital for Technology Business Growth

The report highlights the seminar between U.S. experts in venture capital development and Russian
policymakers, technologists, and representatives of Russia’s nascent venture capital industry. The discussion focused on venture capital development and its role in supporting technology business growth in the United States and Russia. The goal was to provide a forum for U.S. experts to share their experience in creating and managing venture capital investments and for Russian experts to share their plans to encourage a robust venture capital industry in Russia.

U.S. - Russia Seminar on Venture Capital for Technology Business Growth

The report highlights the seminar between U.S. experts in venture capital development and Russian
policymakers, technologists, and representatives of Russia’s nascent venture capital industry. The discussion focused on venture capital development and its role in supporting technology business growth in the United States and Russia. The goal was to provide a forum for U.S. experts to share their experience in creating and managing venture capital investments and for Russian experts to share their plans to encourage a robust venture capital industry in Russia.

Financial Innovation

The essay surveys the literature on financial innovation from a wide variety of disciplines: financial economics, history, law, and industrial organization. The author defines financial innovation, discusses problems with creating taxonomies of financial innovation, and outlines the explanations given for the extensive amount of financial innovation we observe both today in history. The essay also reviews work that studies the identity of innovators, the process of diffusion of innovation, the private benefits of innovation and the social welfare implications of innovation.

Short Term America Revisited? Boom and Bust in the Venture Capital Industry and the Impact on Innovation

The working paper contends that increased public capital investments in times of excess venture capital (VC) availability — that which the market has demonstrated over the past two years — may actually add "fuel to the fire," particularly in hot sectors. States and localities across the country, seeing the quarterly surveys report the continuing decline in venture capital deals are moving to encourage more VC investment.