Private Equity and Venture Capital

This article documents differences between the Q-sensitivity of investment of stand-alone firms and unrelated segments of conglomerate firms. Unrelated segments exhibit lower Q-sensitivity of investment than stand-alone firms. This fact is driven by unrelated segments of conglomerate firms that tend to invest less tha…

• OĞUZHAN ÖZBAŞ

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• UĞUR ÇELİKYURT

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• MURAT KARAÖZ

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• OĞUZHAN ÖZBAŞ

Venture capitalists (VCs) often serve on the board of mature public firms long after their initial public offering (IPO), even for companies that were not VC-backed at the IPO. Board appointments of VC directors are followed by increases in research and development intensity, innovation output, and greater deal activi…

• UĞUR ÇELİKYURT

Equity crowdfunding has emerged as a new landscape for financing ideas and innovations. While a number of countries has come a long way and developed equity crowdfunding platforms, a number of countries is taking it more slowly. This paper reviews how equity crowdfunding platforms function, the regulatory approaches a…

• BURZE YAŞAR

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• CEM DEMİROĞLU

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This chapter provides an overview of the extant literature on incubators, and provides a novel typology of incubators. Incubators are classified along two dimensions: profit versus not-for-profit and general versus specific. In this framework the chapter then reviews the evidence of the effects of incubators and discu…

Whether to invest in process development that can reduce the unit cost and thereby raise future profits or to conserve cash and reduce the likelihood of bankruptcy is a key trade‐off faced by many startup firms that have taken on debt. We explore this trade‐off by examining the production quantity and cost reducing R&…

• FEHMİ TANRISEVER

The aim of this paper is to further the understanding of the relationship between entrepreneurial success and organisational form. The role of entrepreneurship in the neoclassical, Austrian and competence theory approaches is analysed and five recurring themes are identified: the tacit nature of knowledge relevant for…