capital

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.

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.

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.

The study examined the participation of women- and minority-owned firms in the venture capital markets. The proportion of funds that women-led ventures received was small relative to the whole although there was a slight increase in investments between 1995 and 1998.

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.

The paper is the product of the first summit of organized angel groups, an April 2002 meeting focused on the best practices of angel investing. The report provides insights for both entrepreneurs looking for financing and for venture capitalists who typically get involved in follow-on rounds of financing.

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.

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.

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.

The paper empirically analyzes potential costs and benefits of using subordinated debt signals to trigger prompt corrective action. Of particular interest is the potential for improved risk management for larger, complex institutions most often associated with systemic risk.