Intangible assets are a large and growing part of firms' capital stocks. Intangibles are
accumulated via investment—foregoing consumption today for output in the future—but they …

We review the growing literature on the relationship between venture capital (VC) booms
and start-up financing, focusing on three broad areas. First, we discuss the drivers of large …

This paper posits that distinguishing security token offerings (STOs) from initial coin offerings
(ICOs) is important for the study of entrepreneurial finance. We first provide a working …

After two decades of low initial public offering (IPO) activity and a number of regulatory
changes, the number of IPOs of both operating companies and special purpose acquisition …

Venture capital (VC) backed firms face neither the governance requirements nor a major
separation of ownership and control of their public peers. These differences suggest that …

Economic frictions pervade the founding, financing, growing, and exiting of high-growth
entrepreneurial firms. This article considers one friction that currently affects a small, but …

Venture capitalists (" VCs") are the financiers of innovation. They raise capital from
institutional investors and invest it in a portfolio of startups. They help those companies grow …

While the percentage of mature firms with classified boards or dual class shares has
declined by more than 40% since 1990, the percentage of IPO firms with these structures …

We examine US dual-and single-class firms from 1980 to 2019 and document their valuation
differences over their corporate life cycle. At the IPO, dual-class firms have higher mean …

Gender and race in entrepreneurial finance Page 260 Gender and race in entrepreneurial
finance CHAPTER 6 Michael Ewens * Chapter outline 1 Introduction …