The legislative road to Silicon Valley

By J. Armour, Douglas J. Cumming. 2006

325 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Management of Technology and Innovation

View Paper: https://www.semanticscholar.org/paper/002f9697a4280bf26ec7ed4dc52f92d235788436

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Citations in the corpus

Financing technology-based small firms in Europe: what do we know? (2012, background): “Taking a side in this debate, from the Eighties onwards the European governments have gradually changed the fiscal and legal environment of TBSFs in order to stimulate both entrepreneurship and the involvement of investors in high-tech investments (Armour and Cumming 2006, Da Rin et al. 2006).”
Regulatory Harmonization and the Development of Private Equity Markets (2006, background): “Subsequent evidence has documented international differences in private equity fundraising using aggregate industry datasets (Jeng and Wells, 2000; Leleux and Surlemount, 2003; Allen and Song, 2003; Armour and Cumming, 2005).(9) Our study differs from these prior papers in that rather than examining”
Institutions and Venture Capital (2013, background): “Moreover, Armour and Cumming (2006), using a sample of venture capital investments covering 15 countries and 14 years, pointed out that the legal environment in terms of liberal bankruptcy laws could stimulate demand from entrepreneurs for venture capital.”
Muppets and gazelles: political and methodological biases in entrepreneurship research (2014, unknown): “…large firms; find it harder to access external funding; cannot capture the benefits of the high-variance, highly skewed returns from investing in innovation; lack market power; and lack the diversified output of larger firms, which makes it more difficult for them to apply the outcomes of research…”
Venture Capitalists, Business Angels, and Performance of Entrepreneurial IPOs in the UK and France (2007, unknown): “Armour and Cumming (2005), who specifically consider venture capital market development, show that while a nation’s level of entrepreneurial activity and idea generation are important determinants of VC development, the legal environment is as important as the stock market.”
Formal institutions, culture, and venture capital activity: A cross-country analysis (2012, unknown): “…(Gompers et al., 1998; Jeng and Wells, 2000), quality of specific regulatory policies such as labor market regulations (Jeng andWells, 2000), tax policies (Da Rin et al., 2006), governmentsponsored funds and programs (Armour and Cumming, 2006), and bankruptcy laws (Armour and Cumming, 2006).”
Profit distribution and compensation structures in publicly and privately funded hybrid venture capital funds (2007, background): “Although the primary role for governments in developing a functioning venture capital market is considered by venture capital practitioners, as well as many scholars, to be restricted to the creation and maintenance of conducive fiscal and legal environments for equity financing (Armour and Cumming,”
Productivity growth in Italy: a tale of a slow-motion change (2018, unknown): “…it reduces the cost of failures for entrepreneurs (for instance, providing the possibility of a fresh start) and incentivizes firm creation, particularly in innovative activities that are characterized by higher risk taking (Armour and Cumming, 2006, Peng et al. 2010; Rodano et al. 2016).”
Success in Global Venture Capital Investing: Do Institutional and Cultural Differences Matter? (2014, unknown): “…spur innovation, and promote entrepreneurship, other factors such as the role of angels, government, and tax policies are likely to be important in stimulating venture investing and entrepreneurship (e.g., Armour and Cumming (2006), Keuschnigg and Nielsen (2004a), (2004b), and Lerner (1999)).”
The patterns of venture capital investment in Europe (2015, unknown): “VC requires a business-friendly legal environment (Armour and Cumming 2006).”
Bankruptcy Laws and Entrepreneur– Friendliness (2010, unknown): “For example, Armour and Cumming (2006) find that entrepreneurfriendly bankruptcy laws stimulate entrepreneurial demand for venture capital that funds risky ventures.”