Bankruptcy and Insolvency Laws Could Drive Venture Capital Markets
John Armour and Doug Cumming of the Centre of Business Research (CBR) say the link is true when applied to bankruptcy laws, and is as important a factor as economic conditions and buoyant capital markets.
They say the finding is significant, given that it was thought previously that the depth and liquidity of the stock market was the overriding factor. "Favourable tax and legal environments help the establishment of venture capital and private equity funds and increase the supply of capital," said a report produced by the pair. "Similarly, temperate bankruptcy laws stimulate entrepreneurialism and increase the demand for venture capital," they added. For their study, Armour and Cumming carried out an international comparison of the legal and tax regimes in 15 countries over 13 years, and found that investor friendly regimes had a good supply of, and demand for, private equity.
An investigation of each country's bankruptcy laws showed that those with tighter regimes, like in Germany where bankrupts must wait six years before starting again, there is significantly less demand for venture capital. The findings are particularly topical in the UK where insolvency laws were changed this month to allow 'honest bankrupts' the option of starting up again after 12 months, instead of three years previously. One of the key aims of this and other reforms was to "aid rehabilitation and business start-ups and re-starts".
"Many entrepreneurs rely on personal funds and credit - re-mortgaging their house, for example - to get their ideas off the ground before they have even got to the point of seeking venture capital," said the report. "If their ideas end in failure at this stage, some entrepreneurs will be put off from ever returning to the nation's talent pool.".
Bankruptcy and Insolvency Laws Could Drive Venture Capital Markets
John Armour and Doug Cumming of the Centre of Business Research (CBR) say the link is true when applied to bankruptcy laws, and is as important a factor as economic conditions and buoyant capital markets.
They say the finding is significant, given that it was thought previously that the depth and liquidity of the stock market was the overriding factor. "Favourable tax and legal environments help the establishment of venture capital and private equity funds and increase the supply of capital," said a report produced by the pair. "Similarly, temperate bankruptcy laws stimulate entrepreneurialism and increase the demand for venture capital," they added. For their study, Armour and Cumming carried out an international comparison of the legal and tax regimes in 15 countries over 13 years, and found that investor friendly regimes had a good supply of, and demand for, private equity.
An investigation of each country's bankruptcy laws showed that those with tighter regimes, like...
Bankruptcy and Insolvency Laws Could Drive Venture Capital Markets
Pool table > Bankruptcy and Insolvency Laws Could Drive Venture Capital Markets
THE-WRITE-ONE ATTRACTS THE RIGHT ONE IN ONLINE SEARCHES FOR LOVE
(ContentDesk) December 19 2003--Writer Donna Gould has launched The Write One, a savvy new service designed to help singles improve their chances of finding love online."When U.S. News & World Report features a cover story about Internet dating, it's a sign that online matchmaking has gone mainstream!" says Gould, who writes polished online personal ads for those who want to stand out in the increasingly more crowded world of Internet dating.Once considered a refuge for the socially inept and utterly desperate, advertising online for a romantic partner is fast becoming a way of life for single adults. In the first half of 2003, revenues from online dating services totaled $214.3 million, triple the amount spent in 2001. In the month of August alone, half of all single American adults? 40 million, to be exact ? visited an online dating site. This explosive growth means there are more chances than ever before of finding true love online.
But as Gould discovered, taking the plunge...
THE-WRITE-ONE ATTRACTS THE RIGHT ONE IN ONLINE SEARCHES FOR LOVE
Pool table > THE-WRITE-ONE ATTRACTS THE RIGHT ONE IN ONLINE SEARCHES FOR LOVE
Investment Advice
In order to invest properly and to increase your assets to ensure your financial security, you need to develop a long- term investment plan. In order to do this, factors like your age, stage of life, personal priorities and risk tolerance have to be considered in order to design an investment strategy that meets your needs.
It is a well-known fact that every investment can be risky, but some investments have a greater risk than others. Risk tolerance is the amount of money you feel comfortable investing with the risk factor in mind. If you are basically a conservation person, then you will probably be most comfortable taking limited risks by investing in cash, secure stock and fixed income investments. If you consideration taking moderate risks, than you could consider putting your assets into growth stocks, and if you are willing to take significant risks, then high-risk investments are for you.
There are different types of investments to choose from.
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