Smart Money Effect

2021 ◽  
Author(s):  
Marta Vidal ◽  
Javier Vidal-García
Keyword(s):  

Author(s):  
Bidisha Chakrabarty ◽  
Pamela C. Moulton
Keyword(s):  


Author(s):  
Gilles Duruflé ◽  
Thomas Hellmann ◽  
Karen Wilson

This chapter examines the challenge for entrepreneurial companies of going beyond the start-up phase and growing into large successful companies. We examine the long-term financing of these so-called scale-up companies, focusing on the United States, Europe, and Canada. The chapter first provides a conceptual framework for understanding the challenges of financing scale-ups. It emphasizes the need for investors with deep pockets, for smart money, for investor networks, and for patient money. It then shows some data about the various aspects of financing scale-ups in the United States, Europe, and Canada, showing how Europe and Canada are lagging behind the US relatively more at the scale-up than the start-up stage. Finally, the chapter raises the question of long-term public policies for supporting the creation of a better scale-up environment.



2016 ◽  
Vol 29 ◽  
pp. 47-65 ◽  
Author(s):  
Pin-Huang Chou ◽  
Chia-Hsun Hsieh ◽  
Carl Hsin-Han Shen
Keyword(s):  


2017 ◽  
Vol 52 (5) ◽  
pp. 2023-2051 ◽  
Author(s):  
Chitru S. Fernando ◽  
Mark P. Sharfman ◽  
Vahap B. Uysal

We examine the value consequences of corporate social responsibility through the lens of institutional shareholders. We find a sharp asymmetry between corporate policies that mitigate the firm’s exposure to environmental risk and those that enhance its perceived environmental friendliness (“greenness”). Institutional investors shun stocks with high environmental risk exposure, which we show have lower valuations, as predicted by risk management theory. These findings suggest that corporate environmental policies that mitigate environmental risk exposure create shareholder value. In contrast, firms that increase greenness do not create shareholder value and are also shunned by institutional investors.







2018 ◽  
pp. 159-174
Author(s):  
Jesse Goldstein

To the extent that investors, entrepreneurs and businesspeople – or anyone else who has internalized the smarts of smart money – act as representatives of our collectively creative capacities, then new technologies, and perhaps even new policies and forms of governance, will be oriented around greening what we have – improving our lives and our planet – without ever questioning whether it is precisely these lives in possession of this planet that need to be challenged and ultimately transformed. This chapter points towards evaluating sociotechnical systems within what decolonial scholars would call a pluriversal context, one in which modern technological knowledge is considered to be one out of many legitimate ways of knowing and engaging with the world. Is it possible that there exists a green spirit that goes beyond capitalism; that we are more and better than this relatively simplistic, inward-looking and self-obsessed logic of profit-maximization? Liberating this green spirit will require hard work, political struggle, unexpected alliances and a deep sense of humility; we face a messy and uncertain future as we engage with the long and hard work of transforming our socio-ecological lives.



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