Internationalisation
Internationalisation The Leibniz Institute for Economic Research Halle (IWH) is responsible for economic research and economic policy advice on a scientific basis. The institute…
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Common Venture Capital Investors and Startup Growth
Ofer Eldar, Jillian Grennan
Review of Financial Studies,
No. 2,
2023
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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East Germany
The Nasty Gap 30 years after unification: Why East Germany is still 20% poorer than the West Dossier In a nutshell The East German economic convergence process is hardly…
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Department Profiles
Research Profiles of the IWH Departments All doctoral students are allocated to one of the four research departments (Financial Markets – Laws, Regulations and Factor Markets –…
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CompNet
CompNet - The Competitiveness Research Network The Competitiveness Research Network (CompNet) provides a forum for high level research and policy analysis in the areas of…
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Standards
Achieving Scientific Quality and Meeting Social Standards In order to secure the highest standards, the courses and the research projects will be evaluated. Evaluations form the…
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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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Internships
Internship at Halle Institute for Economic Research (IWH) Interested in gaining an authentic insight in the interesting daily business and the variable tasks of an institute for…
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Info Graphs Sometimes pictures say more than a thousand words. Therefore, we selected a few graphs to present our main topics visually. If you should have any questions or would…
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Work-Life Balance
Work-Life-Balance The IWH is family-friendly The Halle Institute for Economic Research constantly reviews and improves its framework for ensuring the compatibility of family and…
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