The new growth theory considers knowledge to be a decisive engine of economic growth. More precisely, knowledge is not used solely to the benefit of its originator, but generates positive side effects also for…
In the period 2000-2008, more than one third of venture capital-backed companies worldwide received financing from venture capitalists that were not located in the same country as these companies. This paper…
Since the early 1970s and the seminal papers of Fama (1965, 1970), the efficient market hypothesis and its validity for several asset markets have been the topic of an uncountable number of publications in…
