Publications

Publications

Filter Results: (258) Arrow Down

Show Results For

← Page 6 of 258 Results →
  • March 2013
  • Article

Bridging the Gap? Government Subsidized Lending and Access to Capital

By: Josh Lerner and Kristle Romero-Cortes
The consequences of providing public funds to financial institutions remain controversial. We examine the Community Development Financial Institution (CDFI) Fund's impact on credit union activity, using hitherto little studied U.S. Treasury data. The CDFI Fund grants... View Details
Keywords: Financing and Loans; Credit; Government and Politics; Financial Institutions; United States
Related
  • 2022
  • Book

The Role of Innovation and Entrepreneurship in Economic Growth

By: Michael J. Andrews, Aaron Chatterji, Josh Lerner and Scott Stern
We live in an era in which innovation and entrepreneurship seem ubiquitous, particularly in regions like Silicon Valley, Boston, and the Research Triangle Park. But many metrics of economic growth, such as productivity growth and business dynamism, have been at best... View Details
Keywords: Productivity Growth; Production Technologies; Innovation and Invention; Entrepreneurship; Economic Growth; Competition; Organizational Design; Economic Slowdown and Stagnation
Related
  • 21 Aug 2014
  • News

Delivering Everything, Except Perhaps Profits

  • May 2020
  • Article

The Creation and Evolution of Entrepreneurial Public Markets

By: Shai Bernstein, Abhishek Dev and Josh Lerner
This paper explores the creation and evolution of new stock exchanges around the world geared towards entrepreneurial companies, known as second-tier exchanges. Using hand-collected novel data, we document the proliferation of these new stock exchanges that were... View Details
Keywords: Stock Exchanges; Entrepreneurship; Finance; Initial Public Offering; Capital; Entrepreneurial Finance
Related
  • May 2009
  • Article

The Empirical Impact of Intellectual Property Rights on Innovation: Puzzles and Clues

By: Josh Lerner
Economists have long seen the patent system as a crucial lever through which policymakers affect the speed and nature of innovation in the economy. It is not surprising, then, that the profound changes which have roiled the global patent system over the past 20 years... View Details
Keywords: Economy; Policy; Innovation and Invention; Intellectual Property; Rights; Business and Government Relations
Related
  • October 22, 2012
  • Article

Interest Rate Pass-Through: Mortgage Rates, Household Consumption, and Voluntary Deleveraging

By: Marco Di Maggio, Amir Kermani, Benjamin Keys, Tomasz Piskorski, Rodney Ramcharan, Amit Seru and Vincent Yao
Exploiting variation in the timing of resets of adjustable-rate mortgages (ARMs), we find that a sizable decline in mortgage payments (up to 50%) induces a significant increase in car purchases (up to 35%). This effect is attenuated by voluntary deleveraging. Borrowers... View Details
Keywords: Monetary Policy; Household Finance; Refinancing; Contract Rigidities; Debt Rigidity; MPC; Deleveraging; Personal Finance; Household; Policy; Borrowing and Debt; Macroeconomics
Related
  • 14 Jun 2020
  • News

Private equity barons grow rich on $230bn of performance fees

  • 16 Aug 2016
  • First Look

August 16, 2016

N., and Josh Lerner Abstract—This paper describes the available data and research on venture capital investments View Details
Keywords: Sean Silverthorne
  • 01 Sep 2014
  • News

Alumni and Faculty Books for September 2014

Economy 2013. Vol. 14 (National Bureau of Economic Research) edited by Josh Lerner and Scott Stern University of Chicago Press Appreciation of... View Details
Keywords: faculty research; Alumni Research
  • 05 Dec 2017
  • First Look

First Look at New Research and Ideas, December 5, 2017

https://www.hbs.edu/faculty/Pages/item.aspx?num=53563 The Use and Misuse of Patent Data: Issues for Corporate Finance and Beyond By: Lerner, Josh, and View Details
Keywords: Sean Silverthorne
  • Awards

Global Award for Entrepreneurship Research

By: Josh Lerner
Winner of the 2010 Global Award for Entrepreneurship, given by the Swedish Entrepreneurship Forum, the Swedish Agency for Economic and Regional Growth, and Sweden's Research Institute of Industrial Economics, for his pioneering research into venture capital and venture... View Details
  • 15 May 2012
  • First Look

First Look: May 15

and Josh Lerner Abstract An abstract is unavailable at this time. Download the paper: http://www.hbs.edu/research/pdf/12-099.pdf Why Do We Redistribute So Much but Tag So... View Details
Keywords: Carmen Nobel
  • 08 Aug 2014
  • News

Public Pensions Cannot Stop Chasing Performance

  • 13 Jan 2017
  • News

Fidelity funds high on hot startups

  • 2006
  • Working Paper

Skill vs. Luck in Entrepreneurship and Venture Capital: Evidence from Serial Entrepreneurs

By: Paul A. Gompers, Anna Kovner, Josh Lerner and David S. Scharfstein
This paper argues that a large component of success in entrepreneurship and venture capital can be attributed to skill. We show that entrepreneurs with a track record of success are more likely to succeed than first time entrepreneurs and those who have previously... View Details
Keywords: Return On Investment; Entrepreneurship; Venture Capital; Success; Experience and Expertise
Related
  • 20 Feb 2018
  • First Look

First Look at New Research and Ideas, February 20, 2018

Publisher's link: https://www.hbs.edu/faculty/Pages/item.aspx?num=53981 forthcoming Journal of Financial Economics Pay Now or Pay Later? The Economics Within the Private Equity Partnership By: Ivashina, Victoria, and View Details
Keywords: Sean Silverthorne
  • 08 Jan 2018
  • Research & Ideas

The Startling Percentage of Financial Advisors with Misconduct Records

of Booth Business School at the University of Chicago, and Amit Seru of Stanford Graduate School of Business. Their initial working paper on the results made business headlines... View Details
Keywords: by Michael Blanding; Financial Services
  • 30 Jun 2009
  • First Look

First Look: June 30

offered high returns over the past decade. Download the paper from SSRN ($5): http://papers.nber.org/papers/w15014 Buy Local? The Geography of Successful and Unsuccessful Venture Capital Expansion Authors:Henry Chen, Paul Gompers, Anna... View Details
Keywords: Martha Lagace
  • 10 May 2011
  • First Look

First Look: May 10

NEAD). NEAD chains create "bridge donors" whose incompatible recipients receive kidneys before the bridge donor donates, and so risk reneging by bridge donors, but offer the opportunity to create... View Details
Keywords: Sean Silverthorne
  • 14 Apr 2009
  • First Look

First Look: April 14, 2009

Working Papers The Investment Strategies of Sovereign Wealth Funds Authors: Shai Bernstein, Josh Lerner, and Antoinette Schoar Abstract This paper examines the direct private equity investment strategies... View Details
Keywords: Martha Lagace