Public Policies for Private Finance
We review the literature on the effectiveness of public policies to facilitate firms’ access to finance. The rationale for such policies is to address...
How a regulated utility innovates without breaking things
Safety and stability are essential for public utilities. But they face pressure to innovate to keep up with technological innovation, environmental...
Research highlight
Measuring the ex-ante incentive effects of creditor control rights during bankruptcy reorganization
Journal of Financial Economics, 143 (1), 381-408
Identifying and boosting “Gazelles”: Evidence from business accelerators
Journal of Financial Economics, 139 (1), 260-287
Measuring the Ex-Ante Incentive Effects of Bankruptcy Reorganization Procedures
The EU’s 2019 Insolvency Directive increases debt holders’ control over bankruptcy reorganization proceedings, mirroring recent trends in U.S. Chapter...
UK investment fund for high-growth firms is a step in the right direction
Juanita Gonzalez-Uribe explains in her latest blog why she thinks the second-wave policy tool meant to deal with Covid-19 may have design flaws that...
A Restart Procedure to Deal with Covid-19
Governments around the world are assisting firms to deal with the adverse effects of Covid-19. Most forms of government assistance provided so far...
The effects of recessionary stimulus programmes: New evidence from the UK’s Enterprise Finance Guarantee scheme
Loan guarantees to small businesses are emerging as a main policy response during the COVID-19 crisis. Using evidence from the UK’s Enterprise Finance...
The Effects of Small-Firm Loan Guarantees in the UK: Insights for the COVID-19 Pandemic Crisis
Loan guarantees are popular policy responses during the COVID-19 crisis. Despite their prevalence, evidence of their effectiveness is sparse. We...
Exchanges of innovation resources inside venture capital portfolios
Journal of Financial Economics, 135 (1), 144-168
The effects of business accelerators on venture performance: Evidence from start-Up Chile
The Review of Financial Studies, 31 (4), 1566–1603
