TY - JOUR
T1 - Are Family Firms More Efficient? Revisiting the U-Shaped Curve of Firm Scale and Efficiency
JF - Small Business Economics
Y1 - 2023
A1 - Elston,Julie
A1 - Zhang,Yingchao
A1 - Chen,Ku-Hsieh
A1 - Chen,Pei-Hwa
KW - Finance
KW - OSU-Cascades
AB - This study applies a stochastic frontier model to examine the relationship between firm size and efficiency using a novel approach. The first novelty is that this study examines large and small firms separately to allow for heterogeneity between firm group sizes in terms of measuring the size-efficiency relationship. The second is that we use a modified frontier model which explicitly includes a family firm variable when measuring firm efficiency. Empirical results reveal that firms are in fact heterogeneous, with small-and-medium-sized enterprises (SMEs) exhibiting a U-shaped scale efficiency curve, while large enterprises (LE) exhibit an efficiency curve which is positive and linear. Robust results also confirm that family firms are relatively more efficient than non-family firms. In addition, while controlling for family firms does not appear to change the firm’s size-efficiency dynamics, failure to control for family firms leads to a bias in characterizing the nature of the firm’s production returns to scale.
U2 - a
U4 - 254543572992
ID - 254543572992
ER -
TY - HEAR
T1 - Chinese Capital Structure: Theory and Evidence
Y1 - 2022
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - 35th Annual meeting of the Academy of Finance
CY - Chicago
U2 - c
U4 - 254544160768
ID - 254544160768
ER -
TY - HEAR
T1 - Chinese Capital Structure: Theory and Evidence
Y1 - 2022
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Annual Meeting of the Academy of Finance
CY - Chicago Il
U2 - c
U4 - 232941420544
ID - 232941420544
ER -
TY - JOUR
T1 - An Empirical Examination of Firm Growth in the MENA Region: Through the Lens of Gibrat's Law
JF - Small Business Economics
Y1 - 2022
A1 - Elston,Julie
A1 - Weidinger,Alois Konrad
KW - Finance
KW - OSU-Cascades
VL - 60
UR - https://www.springer.com/economics/microeconomics/journal/40812
CP - 1
U2 - a
U4 - 254544275456
ID - 254544275456
ER -
TY - HEAR
T1 - Myths from Silicon Valley -Is Tech difference than Detroit?
Y1 - 2022
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Recharging Austro-American Relations
CY - Vienna, Austria.
U2 - c
U4 - 254544103424
ID - 254544103424
ER -
TY - HEAR
T1 - What Does Sustainable Growth look in the Technology Sector?
Y1 - 2022
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - EUBA Conference “Sustainable Business Development Perspectives in 2022
CY - Slovakia
U2 - c
U4 - 254544123904
ID - 254544123904
ER -
TY - HEAR
T1 - Challenges and Opportunities of Research in Austria
Y1 - 2021
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Realities of Life in Austria: U.S. Fulbright Scholars Orientation Program 2020-21
CY - Invited Online Webinar
U2 - c
U4 - 218336243712
ID - 218336243712
ER -
TY - HEAR
T1 - Fulbright in Austria
Y1 - 2021
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - 70 Years of Bright Minds: 70th Anniversary Celebration
CY - Webinar online
U2 - c
U4 - 232941268992
ID - 232941268992
ER -
TY - HEAR
T1 - Austria's Research Opportunities
Y1 - 2020
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Spotlight on Austria: Fulbright U.S. Scholar Opportunities
CY - Online Webinar
U2 - c
U4 - 218336321536
ID - 218336321536
ER -
TY - JOUR
T1 - Corporate Governance: What We Know And Don't Know
JF - Journal of Industrial and Business Economics
Y1 - 2019
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
AB - The corporate governance literature provides a rich framework for examining the theoretical models and related mechanisms by which a firm is operated and controlled, but there are a number of challenges for future research that remain. This paper identifies some of the key studies and contributions of the existing corporate governance literature, while identifying several fruitful areas for research where our understanding of corporate governance is incomplete. For example, what is the relationship between corporate governance and corporate social responsibility, and how might this change in different institutional environments? Expanding standard models to include more nuanced factors within diverse and dynamic institutional environments is one challenge we face in modeling governance more comprehensively. In addition, as data becomes more easily available on smaller countries, transitional economies, and in frontier and emerging markets, we also need to expand our studies beyond the large Western country context. Future empirical work should undertake to better understand and examine the institutional structures, systems, mechanisms and incentives within understudied regions around the world. Beyond the notion of replication studies, careful cross-country studies would enable us to compare outcomes with existing studies and better inform us on fundamental differences (and similarities) between systems, contributing to our discussions on the limits of conversion between governance systems.
UR - https://www.springer.com/economics/microeconomics/journal/40812
U2 - a
U4 - 182875981824
ID - 182875981824
ER -
TY - CHAP
T1 - Dr. Audretsch: or How I Learned to Stop Worrying and Love Doing Small Business Research
Y1 - 2019
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
U2 - d
U4 - 202848339968
ID - 202848339968
ER -
TY - JOUR
T1 - Internationalization and Regional Entrepreneurship in China
JF - Small Business Economics
Y1 - 2019
A1 - Elston,Julie
A1 - Weidinger,Alois
KW - Accounting
KW - Finance
KW - OSU-Cascades
AB - This study examines the importance of geographic location on the empirical link between internationalization and entrepreneurial intention. Integrating data from multiple sources to create a measure of internationalization intensity, this study directly contributes to the literature by revealing a significant and more complex relationship between internationalization and entrepreneurship than previously suggested in the literature. Specifically, while highly internationalized locations allow better access to resource markets they may also hinder entrepreneurship for several reasons, including the fact that these locations have higher competition for resources. Results provide direct empirical support to recent theories on the importance of within country comparative differences.
U2 - a
U4 - 50792673280
ID - 50792673280
ER -
TY - HEAR
T1 - Evidence on the Dynamic Nature of Executive Compensation and Corporate Governance in China
Y1 - 2018
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Corporate Governance
CY - Copenhagen
U2 - c
U4 - 182878932992
ID - 182878932992
ER -
TY - HEAR
T1 - An Examination of the Relationship Between Size and Growth of Listed Firms in the United Arab Emirates
Y1 - 2018
A1 - Elston,Julie
A1 - Weidinger,Alois
A1 - Widmer,Melanie
KW - Accounting
KW - Finance
KW - OSU-Cascades
JA - 7th International Conference on Restructuring of the Global Economy (ROGE)
CY - Oxford, UK
U2 - c
U4 - 182878883840
ID - 182878883840
ER -
TY - JOUR
T1 - Business Cultural Intelligence Quotient: A Five-Country Study
JF - Thunderbird International Business Review
Y1 - 2016
A1 - Elston,Julie
A1 - Alon,Ilan
KW - Finance
KW - OSU-Cascades
AB - Cultural intelligence (CI) has often been linked to performance at the individual, team and firm levels as a key factor in international business success. Using a new measure of CI, the business cultural intelligence quotient (BCIQ), our study provides empirical evidence on several key antecedents of CI using data onbusiness professionals across five diverse countries (Austria, Colombia, Greece, Spain and USA). The findings suggest that the most important factors leading to cultural intelligence, in order of importance, are: the number of countries that business practitioners have lived in for more than six months, their level of education and the number of languages spoken. We find that cultural intelligence varies across countries, suggesting that some countries have a higher propensity for cross-cultural business interactions. By teasing out the common antecedents of BCIQ among professionals, our findings may help with screening and training professionals for international assignments. Future research may examine the environmental (country-specific) factors associated with a higher propensity for cultural intelligence (such as immigration, cultural diversity, languages spoken, and international trade) to explain the effect of country of origin on cultural intelligence in the professional community.
U2 - a
U4 - 87627952128
ID - 87627952128
ER -
TY - JOUR
T1 - Evidence on the Dynamic Nature of Executive Compensation and Corporate Governance in China
JF - International Journal of Corporate Governance
Y1 - 2016
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
VL - 7
CP - 3
U2 - a
U4 - 106814715904
ID - 106814715904
ER -
TY - HEAR
T1 - Internationalization and Regional Entrepreneurship: Empirical Evidence on the Formation of New Ventures in China
Y1 - 2016
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - International Workshop on Entrepreneurship in China
CY - China
U2 - c
U4 - 143265462272
ID - 143265462272
ER -
TY - HEAR
T1 - Internationalization and Regional Entrepreneurship: Empirical Evidence on the Formation of New Ventures in China
Y1 - 2016
A1 - Elston,Julie
A1 - Weidinger,Alois
KW - Finance
KW - OSU-Cascades
JA - 33rd Annual International Business Research Conference
CY - Dubai
U2 - c
U4 - 126148700160
ID - 126148700160
ER -
TY - HEAR
T1 - Internationalization, Geographic Location and Entrepreneurial Intention
Y1 - 2016
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Academy of International Business Annual onference
CY - New Orleans, LA
U2 - c
U4 - 143265439744
ID - 143265439744
ER -
TY - JOUR
T1 - The role of informal capital on new venture formation and growth in China
JF - Small Business Economics
Y1 - 2016
A1 - Elston,Julie
A1 - Chen,Sandy
A1 - Weidinger,Alois
KW - Accounting
KW - Finance
KW - OSU-Cascades
KW - OSU-Cascades Hospitality Mgt
AB - This study examines the nature and role of informal capital used by micro-firms in the dynamic emerging market of China. Using a unique source of data for 260 urban entrepreneurs, this study provides empirical evidence that entrepreneurs’ personal savings and family funding are important sources of start-up capital. However, household income is the most important funding source in driving firm growth over time. This research directly addresses the lacuna of studies on entrepreneurship in emerging economies and contributes to our understanding of the critical role informal capital plays in the Chinese entrepreneurial process. Overall findings suggest that informal capital is still predominantly used over formal capital sources for financing firm start-up, underscoring the slow transition in China from an emerging to a modern economy.
VL - 46
CP - 1
U2 - a
U4 - 50792955904
ID - 50792955904
ER -
TY - HEAR
T1 - Cultural Intelligence Antecedents
Y1 - 2015
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - European Academy of Management (EURAM) Conference
CY - Warsaw, Poland
U2 - c
U4 - 106814851072
ID - 106814851072
ER -
TY - HEAR
T1 - A Hierarchy of Cultural Intelligence Antecedents
Y1 - 2015
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Academy of Business (AIB) Bengaluru Conference
CY - India
U2 - c
U4 - 106814861312
ID - 106814861312
ER -
TY - HEAR
T1 - A Hierarchy of Cultural Intelligence Antecedents
Y1 - 2015
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Academy of Management Annual Meetings
CY - Vancouver, BC, Canada
U2 - c
U4 - 106814875648
ID - 106814875648
ER -
TY - HEAR
T1 - Measuring Cultural Intelligence
Y1 - 2015
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
CY - Abu Dhabi, UAE
U2 - c
U4 - 106814824448
ID - 106814824448
ER -
TY - HEAR
T1 - The Role of Informal Capital in Growth in China
Y1 - 2015
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - International Conference on Small Business (ICSB) World Conference on Entrepreneurship at a Global Crossroads
CY - Dubai, UAE
U2 - c
U4 - 106814887936
ID - 106814887936
ER -
TY - JOUR
T1 - Executive Compensation and Agency Issues in Italy
JF - International Journal of Corporate Governance
Y1 - 2014
A1 - Elston,Julie
A1 - Rondi,Laura
A1 - Bhattacharyya,Nalanaksha
KW - Finance
KW - OSU-Cascades
AB - From a theoretical perspective, we posit that that dividend policies may be relevant in resolving agency issues even in a governance environment dominated by family controlled firms. Earlier research has found that in more market based systems such as the US and Canada, dividends are in fact instrumental in solving agency issues. Prior empirical research has also found that dividends have a role in mitigating agency conflicts in a bank-dominated corporate environments like that in Germany (Elston and Goldberg, 2003). This paper extends the findings of earlier research by empirically investigating whether dividends retain their importance as the mechanism for resolving residual agency issues in a family controlled governance environment like Italy
VL - 5
CP - 3/4
U2 - a
U4 - 19827521537
ID - 19827521537
ER -
TY - HEAR
T1 - International Entrepreneurship
Y1 - 2014
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
CY - Vienna
U2 - c
U4 - 106814816256
ID - 106814816256
ER -
TY - HEAR
T1 - Business Cultural Intelligence Quotient (BCIQ)
Y1 - 2013
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Annual Academy of Management
CY - Orlando, FL
U2 - c
U4 - 87627702272
ID - 87627702272
ER -
TY - JOUR
T1 - Entrepreneurial motives and characteristics: An analysis of small restaurant owners
JF - International Journal of Hospitality Management
Y1 - 2013
A1 - Elston,Julie
A1 - Chen,Sandy
KW - Finance
KW - OSU-Cascades
KW - OSU-Cascades Hospitality Mgt
VL - 35
U2 - a
U4 - 172831225856
ID - 172831225856
ER -
TY - CHAP
T1 - Financing the Entrepreneurial Decision: An Empirical Approach Using Experimental Data on US High Technology Entrepreneurs
Y1 - 2013
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
AB - Public Policy in the Entrepreneurial Society
CY - London
U2 - d
U4 - 78753181696
ID - 78753181696
ER -
TY - HEAR
T1 - International Entrepreneurship
Y1 - 2013
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - “Practical Problems in Economics”
CY - Bratislava, Slovakia.
U2 - c
U4 - 78753425408
ID - 78753425408
ER -
TY - HEAR
T1 - Measuring Risk Attitudes of High-Technology Entrepreneurs
Y1 - 2013
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - University Lecture
CY - Vienna Austria
U2 - c
U4 - 87627829248
ID - 87627829248
ER -
TY - HEAR
T1 - Measuring the Impacts of Risk Attitudes and Entrepreneurship of US High Technology Entrepreneurs
Y1 - 2013
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Fulbright Inter-Country invited lecture
CY - Rome, Italy
U2 - c
U4 - 78753458176
ID - 78753458176
ER -
TY - CHAP
T1 - Risk Attitudes, Wealth and Sources of Entrepreneurial Start-Up Capital
Y1 - 2013
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
CY - London
U2 - d
U4 - 87643951104
ID - 87643951104
ER -
TY - HEAR
T1 - “Internationalization and Regional Entrepreneurship: Empirical Evidence on the Formation of New Ventures in China”
Y1 - 2012
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Annual Academy of International Business Conference
CY - Washington DC
U2 - c
U4 - 50792708096
ID - 50792708096
ER -
TY - HEAR
T1 - “Regional Entrepreneurship: Empirical Evidence on the Formation of New Ventures in China”
Y1 - 2012
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Annual Academy of Management Conference
CY - Boston
U2 - c
U4 - 59340646400
ID - 59340646400
ER -
TY - JOUR
T1 - Dividends, Executive Compensation, and Agency Costs: Empirical Evidence From Germany
JF - Journal of Accounting and Finance
Y1 - 2011
A1 - Elston,Julie
A1 - Bhattacharyya,Nalanaksha
KW - Finance
KW - OSU-Cascades
VL - 11
CP - 1
U2 - a
U4 - 33797423105
ID - 33797423105
ER -
TY - HEAR
T1 - Entrepreneurship in China
Y1 - 2011
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Annual Academy of International Business Conference -SE
CY - Orlando, FL
U2 - c
U4 - 50792548352
ID - 50792548352
ER -
TY - JOUR
T1 - Financing the Entrepreneurial Decision: An Empirical Approach Using Experimental Data on US High Technology Entrepreneurs
JF - Small Business Economics
Y1 - 2011
A1 - Elston,Julie
A1 - Audretsch,David B.
KW - Finance
KW - OSU-Cascades
AB - This paper empirically examines the role of risk attitudes and wealth on financing choices for successful US entrepreneurs. Our approach uses both survey data and data from economics based field experiments, which enables us control for the risk attitudes of entrepreneurs. Empirical findings suggest that lower levels of wealth increase the probability of using a Small Business Innovation Research (SBIR) grant, but lower levels of wealth also reduce the probability of using loan financing. In addition results show that higher levels of risk aversion, but not wealth, increase the probability of financing firm start-ups with earnings from a second job. Overall, findings suggest that both wealth and risk attitudes may play an important role in the financing choice of entrepreneurs.
VL - 36
CP - 2
U2 - a
U4 - 8489404417
ID - 8489404417
ER -
TY - HEAR
T1 - Agency Costs, Dividends and Executive Compensation: Empirical Evidence from Germany
Y1 - 2010
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Annual Academy of International Business- Southeast USA
CY - Tampa, FL
U2 - c
U4 - 29656944641
ID - 29656944641
ER -
TY - HEAR
T1 - DIVIDENDS, EXECUTIVE COMPENSATION, AND AGENCY COSTS:
Y1 - 2010
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Annual Meetings of the Academy of Finance
CY - Chicago Il, USA
U2 - c
U4 - 21424404481
ID - 21424404481
ER -
TY - HEAR
T1 - Financing Entrepreneurship and Innovation
Y1 - 2010
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Meeting Global Challenges: US-German Innovation Policy
CY - Washington DC
U2 - c
U4 - 29657047041
ID - 29657047041
ER -
TY - HEAR
T1 - Firm Growth and Gibrat’s Law
Y1 - 2010
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Colloquium for Young Scientists on Understanding Firm Growth
CY - Stockholm Sweden
U2 - c
U4 - 29654937601
ID - 29654937601
ER -
TY - JOUR
T1 - Risk Attitudes, Wealth and Sources of Entrepreneurial Start-up Capital
JF - Journal of Economic Behavior and Organization
Y1 - 2010
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
AB - This paper empirically examines the role of risk attitudes and wealth on financing choices for successful US entrepreneurs. Our approach uses both survey data and data from economics based field experiments, which enables us control for the risk attitudes of entrepreneurs. Empirical findings suggest that lower levels of wealth increase the probability of using a Small Business Innovation Research (SBIR) grant, but lower levels of wealth also reduce the probability of using loan financing. In addition results show that higher levels of risk aversion, but not wealth, increase the probability of financing firm start-ups with earnings from a second job. Overall, findings suggest that both wealth and risk attitudes may play an important role in the financing choice of entrepreneurs.
VL - 76
UR - www.elsevier.com/locate/jebo
CP - 1
U2 - a
U4 - 19827433473
ID - 19827433473
ER -
TY - JOUR
T1 - Venture Capital, Ownership Structure, Accounting Standards and IPO Underpricing: Evidence from Germany
JF - Journal of Economics and Business
Y1 - 2010
A1 - Elston,Julie
A1 - Yang,Jimmy
KW - Finance
KW - OSU-Cascades
AB - This study investigates the impact of venture capital (VC), ownership structure, and accounting standards on initial public offering (IPO) underpricing in Germany. Using data from Germany's Neuer Markt (NM), we test two key hypotheses regarding IPO underpricing; first, whether VC ownership and higher levels of post-IPO insider ownership result in lower underpricing, and second, whether additional information disclosure results in lower underpricing. Besides the standard underpricing measure, we also use a modified underpricing measure to better assess true entrepreneurial wealth loss. Robust findings indicate that none of these factors are significant in lowering IPO underpricing, which suggests the importance of examining standard theories within alternative institutional environments. Results are consistent with the stylized fact that Germany's NM firms had relatively minimal use of VC financing, which may point to not only a weaker role for venture capitalists in Germany but fewer incentives to reduce information asymmetry arising from outside ownership.
VL - 62
CP - Special Issue
U2 - a
U4 - 11894646785
ID - 11894646785
ER -
TY - JOUR
T1 - Corporate Governance and Capital Accumulation: Firm Level Evidence from Italy
JF - Scottish Journal of Political Economy
Y1 - 2009
A1 - Elston,Julie
A1 - Rondi,Laura
KW - Finance
KW - OSU-Cascades
AB - This study investigates the impact of investor protection on firm ownership and investment decisions in a model where investor protection is allowed to vary across firms. Using firm panel data for Italy, we construct firm level variables to capture the degree of investor protection which is specific to the firm and observable by outside shareholders. Empirical evidence indicates that the stronger the investor protections the lower the fraction of equity that is owned by insiders. Results also suggest that higher insider equity ownership is linked to a larger risk premium and higher costs of capital for the firm. Finally, our findings indicate that the magnitude of capital stock distortions is important when shareholder protection is weak and ownership concentration is high.
VL - 56
CP - 6
U2 - a
U4 - 8489428993
ID - 8489428993
ER -
TY - HEAR
T1 - Dividends, Executive Compensation, and Agency Costs
Y1 - 2009
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - European Financial Management Symposium 2009
CY - Milan, Italy
U2 - c
U4 - 14042884097
ID - 14042884097
ER -
TY - HEAR
T1 - Financing the Entrepreneurial Decision: An Empirical Approach Using Experimental Data on US High Technology Entrepreneurs
Y1 - 2009
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Annual Ringberg Conference
CY - Germany
U2 - c
U4 - 13017993217
ID - 13017993217
ER -
TY - HEAR
T1 - Dividends and Agency Issues: Empirical Evidence From Germany
Y1 - 2008
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Atlantic Schools of Business Conference
CY - St. John's Newfoundland
U2 - c
U4 - 11894775809
ID - 11894775809
ER -
TY - HEAR
T1 - Dividends and Agency Issues: Empirical Evidence From Germany
Y1 - 2008
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Atlantic Schools of Business Conference
CY - St. John's Newfoundland
U2 - c
U4 - 10095415297
ID - 10095415297
ER -
TY - HEAR
T1 - Financing Entrepreneurship
Y1 - 2008
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - The Entrepreneurial Process
CY - Jena Germany
U2 - c
U4 - 10095374337
ID - 10095374337
ER -
TY - HEAR
T1 - The impact of accounting standards and ownership structure on IPO underpricing: evidence from Germany’s Neuer Market
Y1 - 2008
A1 - Yang,Jimmy
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Academy of Entrepreneurial Finance Conference
CY - Las Vegas
U2 - c
U4 - 14184595457
ID - 14184595457
ER -
TY - HEAR
T1 - The Impact of Accounting Standards and Ownership Structure on IPO Underpricing: Evidence from Germany's Neuer Markt
Y1 - 2008
A1 - Yang,Jimmy
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Academy of Entrepreneurial Finance
CY - Las Vegas, NV
U2 - c
U4 - 10095396865
ID - 10095396865
ER -
TY - HEAR
T1 - Characterizing the Entrepreneur
Y1 - 2007
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Central Oregon Busness Roundtable
CY - Riverwalk Hotel
U2 - c
U4 - 2657712129
ID - 2657712129
ER -
TY - HEAR
T1 - Financing Entrepreneurship
Y1 - 2007
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Ringberg Conference on Strategic Entrepreneurship
CY - Tegernsee Germany
U2 - c
U4 - 2657716225
ID - 2657716225
ER -
TY - HEAR
T1 - Financing Entrepreneurship
Y1 - 2007
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Research Brown Bag
CY - OSU Cascades
U2 - c
U4 - 8487419905
ID - 8487419905
ER -
TY - JOUR
T1 - Shareholder Protection and the Cost of Capital: Evidence from German and Italian Firms
JF - Statistica Applicata (Italian Journal of Applied Statistics)
Y1 - 2007
A1 - Elston,Julie
A1 - Rondi,Laura
KW - Finance
KW - OSU-Cascades
AB - We investigate the interaction of investor protection, ownership concentration and firms’ financing and investment decisions in a model where investor protection is allowed to vary across firms. Using firm panel data for Italy, we construct firm level variables to capture the degree of investor protection which is specific to the firm and observable by outside shareholders. We find that the stronger the investor protections the lower the fraction of equity that is owned by insiders. We also find that the higher the insider equity ownership the higher the idiosyncratic risk premium in the cost of capital. Finally, our results indicate that the magnitude of capital stock distortions is quite important when shareholder protection is weak and ownership concentration is high.
VL - 18
CP - 2
U2 - a
U4 - 2477916161
ID - 2477916161
ER -
TY - JOUR
T1 - Can Institutional Change Impact High-Technology Firm Growth: Evidence from Germany's Neuer Markt
JF - Journal of Productivity Analysis
Y1 - 2006
A1 - Audretsch,David B.
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
AB - To facilitate the transformation of the German economy from the traditional manufacturing industries towards emerging new technologies, a new segment of the Frankfurt exchange was introduced in 1997 the Neuer Markt. To examine whether the Neuer Markt was successful, we compare the relationship between firm size and growth for firms listed on the Neuer Markt and contrast the results with two benchmarks: (1) for German firms prior to the 1990s (to reflect the older traditional manufacturing sector) and (2) for the stylized results for the US. This study provides evidence that not only did many new firms obtain funding from the Neuer Markt; but that for the first time in recent history, Germany succeeded in enabling smaller firms to grow faster than larger firms. This suggests that the new policies were not only successful in promoting a new type of firm that otherwise might not exist, but in transforming the sources of growth and innovation within the German economy.
VL - 25
CP - 1
U2 - a
U4 - 650092544
ID - 650092544
ER -
TY - JOUR
T1 - Finance, Control and Profitability: An Evaluation of German Bank Influence
JF - Journal of Economic Behavior and Organization
Y1 - 2006
A1 - Chirinko,Robert S.
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
AB - Bank intermediated finance has been cited frequently as the preferred means for channeling funds from savers to firms. Germany is the prototypical economy where powerful universal banks allegedly exert substantial influence over firms. Despite frequent assertions about the advantages of a bank relation, empirical support is mixed. With a unique dataset and a focus on the fragility/sturdiness of inferences, this paper evaluates German bank influence in terms of three hypotheses: (1) do bank influenced firms enjoy lower finance costs? (No); (2) is bank influence a solution to control problems? (Yes); (3) do bank influenced firms have higher profitability? (No).
VL - 59
CP - 1
U2 - a
U4 - 650094592
ID - 650094592
ER -
TY - HEAR
T1 - Financing Entrpreneurship
Y1 - 2006
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Max Planck Workshop on Entrepreneurship
CY - Jena Germany
U2 - c
U4 - 2657728513
ID - 2657728513
ER -
TY - JOUR
T1 - Bank Influence, Firm Performance and Survival
JF - Corporate Ownership and Control
Y1 - 2004
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
VL - 1
CP - 2
U2 - a
U4 - 650098688
ID - 650098688
ER -
TY - HEAR
T1 - Dividend Policy, Agency Costs and Institutional Ownership
Y1 - 2004
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Annual meetings of the European Association for Research in Industrial Economics
CY - Berlin, Germany
U2 - c
U4 - 650158080
ID - 650158080
ER -
TY - HEAR
T1 - Shareholder Protection and the Cost of Capital: Empirical Evidence from German and Italian Firms
Y1 - 2004
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Summer Workshop Measurement Issues in Small Firm Performance
CY - Jena Germany
U2 - c
U4 - 650168320
ID - 650168320
ER -
TY - HEAR
T1 - Valuation Differences under 3 Accounting Standards: Empirical Evidence from Germany's Neuer Markt
Y1 - 2004
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Workshop on Accounting and Economics at the European Institute for Advanced Studies in Management
CY - Frankfurt, Germany
U2 - c
U4 - 650156032
ID - 650156032
ER -
TY - HEAR
T1 - Valuation Differences under 3 Accounting Standards: Empirical Evidence from Germany's Neuer Markt
Y1 - 2004
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Summer Workshop Measurement Issues in Assessing Small Firm Performance
CY - Jena, Germany
U2 - c
U4 - 650160128
ID - 650160128
ER -
TY - HEAR
T1 - Dividend Policy, Agency Costs and Institutional Ownership in Germany
Y1 - 2003
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Florida Macro Users Group annual meetings
CY - Tampa FL
U2 - c
U4 - 650170368
ID - 650170368
ER -
TY - HEAR
T1 - Dividend Policy, Agency Costs and Institutional Ownership in Germany
Y1 - 2003
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - American Finance Association meetings
U2 - c
U4 - 650188800
ID - 650188800
ER -
TY - JOUR
T1 - Executive Compensation and Agency Costs in Germany
JF - Journal of Banking & Finance
Y1 - 2003
A1 - Elston,Julie
A1 - Goldberg,Larry
KW - Finance
KW - OSU-Cascades
AB - With the growth of international mergers like DaimlerChrysler, interest in executive compensation practices abroad, particularly in Germany, has increased. Using unique data sources for Germany, we find that similar to US firms, German firms also have agency problems caused by the separation of ownership from control, with ownership dispersion leading to higher compensation. In addition, there is evidence that bank influence has a negative impact on compensation.
VL - 27
CP - 7
U2 - a
U4 - 650104832
ID - 650104832
ER -
TY - HEAR
T1 - Finance, Profitability and Control: An Evaluation of German Bank Influence
Y1 - 2003
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Presentation at the University of San Diego
CY - San Diego, CA
U2 - c
U4 - 650162176
ID - 650162176
ER -
TY - JOUR
T1 - Financial Factors and Investment in Belgium, France, Germany, and the United Kingdom: A Comparison Using Company Panel Data
JF - Review of Economics and Statistics
Y1 - 2003
A1 - Bond,Stephen
A1 - Elston,Julie
A1 - Mairesse,Jacques
A1 - Mulkay,Benoit
KW - Finance
KW - OSU-Cascades
AB - We construct company panel data sets for manufacturing firms in Belgium, France, Germany, and the United Kingdom, covering the period 1978-1989. These data sets are used to estimate empirical investment equations, and to investigate the role played by financial factors in each country. A robust finding is that cash flow and profits terms appear to be both statistically and quantitatively more significant in the United Kingdom than in the three continental European countries. This is consistent with the suggestion that financial constraints on investment may be relatively severe in the more market-oriented U.K. financial system.
VL - 85
CP - 1
U2 - a
U4 - 650096640
ID - 650096640
ER -
TY - HEAR
T1 - Financing Technology Growth in the 21st Century: Can Policy Make a Difference?
Y1 - 2003
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Presentation at Geoge Mason University
CY - Fairfax, VA
U2 - c
U4 - 650182656
ID - 650182656
ER -
TY - HEAR
T1 - Financing Technology Growth in the 21st Century: Germany in Transition
Y1 - 2003
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Presentation at Rensselaer Polytechnic Institute
CY - Albany, NY
U2 - c
U4 - 650174464
ID - 650174464
ER -
TY - HEAR
T1 - Financing Technology Growth in the 21st Century: Germany in Transition
Y1 - 2003
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Presentation at San Jose State University
CY - TX
U2 - c
U4 - 650153984
ID - 650153984
ER -
TY - HEAR
T1 - Financing Technology Growth in the 21st Century: Germany in Transition
Y1 - 2003
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Presentation at California State University - Fullerton
CY - Fullerton, CA
U2 - c
U4 - 650186752
ID - 650186752
ER -
TY - HEAR
T1 - Untitled
Y1 - 2003
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
U2 - c
U4 - 27370983424
ID - 27370983424
ER -
TY - HEAR
T1 - Changing Policies and New Economic Growth: Germany in Transition
Y1 - 2002
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Presentation at the School of Public Policy, Pepperdine University
CY - Malibu CA
U2 - c
U4 - 650172416
ID - 650172416
ER -
TY - HEAR
T1 - Changing Policies and New Economic Growth: Germany in Transition
Y1 - 2002
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Presentation at the School for Policy and Environmental Economics, Institute for European Studies, Indiana University,
CY - Bloomington IN
U2 - c
U4 - 650149888
ID - 650149888
ER -
TY - HEAR
T1 - The Digital Economy?
Y1 - 2002
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Orlando Technology Forum on the Digital Economy
CY - Orlando FL
U2 - c
U4 - 650184704
ID - 650184704
ER -
TY - HEAR
T1 - A Preliminary Examination of the Relationship Between Firm Size, Growth, and Liquidity in the Neuer Markt
Y1 - 2002
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Presentation at the American Economic Association
CY - Atlanta, GA
U2 - c
U4 - 650180608
ID - 650180608
ER -
TY - HEAR
T1 - A Preliminary Examination of the Relationship Between Firm Size, Growth, and Liquidity in the Neuer Markt
Y1 - 2002
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Meetings of the Western Economic Association
CY - Seattle WA
U2 - c
U4 - 650164224
ID - 650164224
ER -
TY - HEAR
T1 - What's New About the New Economy?
Y1 - 2002
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - American Business Women's Association Annual Awards Dinner
CY - Winter Park FL
U2 - c
U4 - 650166272
ID - 650166272
ER -
TY - JOUR
T1 - Bank-firm relationships, financing and firm performance in Germany
JF - Economic Letters
Y1 - 2001
A1 - Agarwal,Rajshree
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
AB - Close bank”firm relationships that characterize the financial systems in Germany and Japan are often credited for reducing agency costs and increasing access to capital, thus improving the performance of firms. Critics of these banking systems cite the alternative possibility that conflicts of interests may also arise from both the banks' multiple roles with the firm, and the opportunity the banks have to use private information to shift risk or to otherwise participate in rent-seeking activities. We extend the empirical literature by systematically investigating the impact of bank-influence on the financing choices and performance of the firm. We find that bank-influenced firms in Germany do benefit from increased access to capital. There is, however, no evidence to support the hypothesis of either higher profitability or growth for bank-influenced firms. Results suggest that the interest payments to debt ratio is significantly higher for bank-influenced firms, which supports the hypothesis that German universal banks may engage in rent-seeking activities and provides evidence of a conflicting interests between creditors and shareholders.
VL - 72
CP - 2
U2 - a
U4 - 650100736
ID - 650100736
ER -
TY - JOUR
T1 - Does firm size matter? Evidence on the impact of liquidity constraints on firm investment behavior in Germany
JF - International Journal of Industrial Organization
Y1 - 2001
A1 - Audretsch,David B.
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
AB - This paper examines the link between liquidity constraints and investment behavior for German firms of different sizes from 1970 to 1986. Results indicate that medium sized firms appear to be more liquidity constrained in their investment behavior than either the smallest or largest firms in the study, suggesting that the unique German infrastructure designed to assist the small firm has indeed succeeded in alleviating, to some degree, such liquidity constraints. Findings also support the hypothesis that the emerging competition and internationalism which characterized the German financial markets in the 1980s, have been improving access to capital for some groups of firms.
VL - 20
CP - 1
U2 - a
U4 - 650102784
ID - 650102784
ER -
TY - HEAR
T1 - Executive Compensation and Agency Costs in Germany
Y1 - 2001
A1 - Elston,Julie
A1 - Goldberg,Larry
KW - Finance
KW - OSU-Cascades
JA - European Association for Research in Industrial Economics annual meeting
CY - Dublin Ireland
U2 - c
U4 - 650190848
ID - 650190848
ER -
TY - HEAR
T1 - Growth of Neuer Markt Firms
Y1 - 2001
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Workshop on Financing the New Economy: A German-US Comparison
CY - Washington DC
U2 - c
U4 - 650178560
ID - 650178560
ER -
TY - HEAR
T1 - The Neuer Markt: Real and Financial Factors,
Y1 - 2001
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Joint seminar with the Wolfgang Goethe University and the Deutsche Bundesbank
CY - Frankfurt, Germany
U2 - c
U4 - 650176512
ID - 650176512
ER -
TY - HEAR
T1 - What's New About the New Economy
Y1 - 2001
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Workshop on Financing the New Economy in Germany
CY - Washington DC
U2 - c
U4 - 650151936
ID - 650151936
ER -
TY - HEAR
T1 - Executive Compensation and Agency Costs
Y1 - 1999
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Western Economic Association annual meeting
CY - San Diego CA
U2 - c
U4 - 650192896
ID - 650192896
ER -
TY - HEAR
T1 - Funding Gaps in Germany Industry
Y1 - 1999
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Funding Gap Controversies Conference Plenary Session
CY - Warwick, England
U2 - c
U4 - 650194944
ID - 650194944
ER -
TY - JOUR
T1 - Market Linkages Between the US and Japan: An Application to the Fisheries Industry
JF - Japan and the World Economy
Y1 - 1999
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
AB - Recent trends in globalization of Pacific Basin commodity markets raises important questions concerning the nature of market integration and price linkages. This paper examines this issue by testing for price linkages between the United States and Japan for two species whose exports from the U.S. to Japan have risen considerably over the past decade. Empirical results indicate segmentation of price linkages for sablefish but probable price linkages for some thornyhead markets. Findings suggest that markets for these species may be less sensitive to price changes in Japan than would be expected based on commodity flows.
VL - 11
CP - 4
U2 - a
U4 - 650117120
ID - 650117120
ER -
TY - JOUR
T1 - Financing the German Mittelstand
JF - Small Business Economics
Y1 - 1997
A1 - Audretsch,David
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
AB - This paper describes how the German Mittelstand, or small- and medium-sized enterprises, are financed in Germany. The role of the German Mittelstand, both in a static and in a dynamic framework, is described and contrasted with that of the same size group in other leading industrialised countries. We find that in general, the Mittelstand has played a mmore important role in Germany than in other industrialised nations, such as the United States or the United Kingdom. The traditional success of the German Mittelstand is partly attributable to a system of finance that is richly layered by complementary institutions designed to meet the financial needs of both large and smaller enterprises. However, we find evidence that even under the German system of finance liquidity constraints exist and are greater for smaller firms. The German system of finance moreover seems particularly deficient in the channeling of funds to new firm startups in the newer industries.
VL - 9
CP - 2
U2 - a
U4 - 650119168
ID - 650119168
ER -
TY - JOUR
T1 - Dividend policy and investment: Theory and evidence from US panel data
JF - Managerial and Decision Economics
Y1 - 1996
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
AB - This paper examines the importance of dividend policy and liquidity constraints in the context of the firm's investment behaviour. While early financial literature has argued that dividend policy should be independent of firm investment decisions, recent studies indicate that linkages are probable in a world of imperfect capital markets. This study develops an alternative Q specification which incorporates the actual dividend payment of the firm in order to test the hypothesis of independence. Empirical results suggest that after controlling for the firm's dividend payment, liquidity constraints remain an important determinant of firm investment behavior.
VL - 17
CP - 3
U2 - a
U4 - 650121216
ID - 650121216
ER -
TY - HEAR
T1 - Finance, Control and Profitability: An Evaluation of German Bank Influence
Y1 - 1996
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - Financial Institutions Workshop
CY - Pasadena CA
U2 - c
U4 - 650196992
ID - 650196992
ER -
TY - HEAR
T1 - Finance, Control and Profitability: An Evaluation of German Bank Influence
Y1 - 1996
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - American Economic Association Meetings
CY - San Francisco CA
U2 - c
U4 - 650199040
ID - 650199040
ER -
TY - JOUR
T1 - Le Financement de la Mittelstand Allemande
JF - Revue Internationale : Petite et Moyenne Enterprise (PME)
Y1 - 1996
A1 - Audretsch,David
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
VL - 8
CP - 3-4
U2 - a
U4 - 650123264
ID - 650123264
ER -
TY - JOUR
T1 - Banks, Finance and Investment in German: A Review Article
JF - Small Business Economics
Y1 - 1995
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
VL - 7
CP - 6
U2 - a
U4 - 650125312
ID - 650125312
ER -
TY - JOUR
T1 - Bank Affiliations and Firm Capital Investment in Germany
JF - IFO Studien: Zeitschrift fur Empirische Wirtschaftsforschung
Y1 - 1994
A1 - Elston,Julie
A1 - Albach,Horst
KW - Finance
KW - OSU-Cascades
VL - 1
U2 - a
U4 - 650127360
ID - 650127360
ER -
TY - HEAR
T1 - Does Firm Size Matter? Evidence on the Impacts of Liquidity Constraints on firm Investment Behavior in Germany
Y1 - 1994
A1 - Elston,Julie
KW - Finance
KW - OSU-Cascades
JA - European Association for Research in Industrial Economics Conference annual meetings
CY - Chania, Greece
U2 - c
U4 - 650201088
ID - 650201088
ER -