This dissertation contains three essays. In the first essay, I document that disclosure of financially immaterial environmental and social (E&S) information has material effects on firms’ investment and financing decisions using the staggered introduction of 87 country-level…
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The occurrence of speculative economic bubbles which has been noted from as early as the 17th century, has a devastating impact on investor wealth and the global economy. One such notable example is the Dot-com bubble which occurred during the end of the 1990s in the United Stat…
There are two ways for a venture capital (VC) firm to enter a new market: initiate a new deal or form a syndicate with an incumbent. Both types of entry events are extensively observed in the data. This dissertation examines (i) the causes of syndication between entrant and incu…
Experimentation with Venture capital (VC) investment into high growth companies in China began in the 1990's. The past few years have seen rapid growth of foreign venture capital investment into Chinese-founded companies that are incorporated offshore (mostly in the Cayman Islan…
As entrepreneurial funding supports the growth of entrepreneurial firms, it can be viewed as the fuel that enhances the creation, development, and growth of new technologies, industries, and markets. However, investing in entrepreneurial firms is highly risky. For example, Ventu…
A healthy and vibrant economy depends on a safe payment system and the efficiency of the financial institutions in channeling funds from savers to those who need capital to invest. Many scholars have criticized the founding of Western financial institutions in Muslim countries b…
Equity seed capital for high technology entrepreneurial start-ups originates from multiple sources that include personal finance, private investors or angels, venture capital, government, and corporations. This research examines how the sources of seed capital and the structures…
Combining agency theory and the resource-dependence perspective as well as signalling theory, this thesis examines the role venture capitalists (VCs) and founders play with respect to both structural board characteristics and board capital in terms of experience and prestige and…
A Businessman's Risk: The Construction of Venture Capital at the Center of U.S. High Technology is a micro-history of a key, but forgotten, moment in the development of the high technology/finance nexus in the United States. In this dissertation I argue that the Small Business A…