Approaches to corporate venture capital investment are presented. Reasons for investing venture capital include access of a related technology, diversification into high-growth areas and generating of high financial returns. Corporate venturing involves risk. Risks include financial risk, management risks, liquidity and additional investment, people competition and deal competition. There are four basic venturing approaches. These are acquisition, establishment of an in-house research and development group, limited partnership in a venture capital fund and creation of a subsidiary. Evaluation guidelines are provided. Examples of corporate venturing approaches are included.
Publication Name: Mergers & Acquisitions
Explaining the pattern of secured credit
Scholarship on the purposes of and uses for secured credit should be grounded in empirical data that describes how businesses actually use secured credit. Prior analysis has mistakenly attempted to devise a singular theory for explaining the use of secured debt. The factors used by borrowers and lenders in their decision-making are more complex. A multivariate approach helps to explain the benefits that accrue to lenders when collateral is used. The analysis also demonstrates that large corporations and suppliers do not approach finance uniformly.
Publication Name: Harvard Law Review
Corporate finance: private and public offerings - capital raising for the emerging enterprise
Case histories, practices and precautions, and proposed changes to rule 430A regarding the financing of public offerings is presented.
Publication Name: Annual Institute on Securities Regulation
- Abstracts: Beating a dead horse: is there any basic empirical evidence for the deterrent effect of imprisonment? The creation of RICO: law as knowledge diffusion process
- Abstracts: Reintroducing the Mexican wolf: will the public share the costs, or will the burden be borne by a few? The future of probation: reintroducing the spiritual dimension into correctional practice
- Abstracts: Single Audit Evidence: Are CPAs and Federal Auditors on the Same Track? Critical issue: the single market
- Abstracts: Depreciating Dealer Real Property. To give or not to give: determining the highest and best use of real property for charitable donations
- Abstracts: Dolphin-safe tuna: what's in a label? The killing of dolphins in the Eastern Tropical Pacific and the case for an international legal solution