Haku
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Private benefits of control and bank loan contracts
(31.01.2018)
Journal of Corporate Finance April 2018
Journal of Corporate Finance April 2018
This paper investigates whether or not private benefits of control by managers and large shareholders influence the financing cost of firms. Evidence shows that lending banks demand a significantly higher loan spread, ...
Do venture capital firms benefit from a presence on boards of directors of mature public companies?
(29.12.2017)
Journal of Corporate Finance April 2018
Journal of Corporate Finance April 2018
This paper examines the benefits to venture capital firms of their officers holding directorships in mature public companies in terms of fundraising and investment performance. Our empirical results show that venture capital ...
Differences make a difference : Diversity in social learning and value creation
(05.12.2017)
Journal of Corporate Finance February ; 2018
Journal of Corporate Finance February ; 2018
Prior research has demonstrated that CEOs learn privileged information from their social connections. Going beyond the importance of the number of social ties in a CEO's social network, this paper studies the value generated ...